Price action with training wheels: Three Strikes Method

If it made a lower low at the start of the month there would be 3 lower lows in a row and I wouldn't see a way to get in yet. I also wouldn't be concerned about how soon I can find a way in, just if it comes I'd consider taking it (short with the trend).

OK, think i'll digest your clues for a while now...before i become too frustrated and watch how your trades unfold.

Thanks Thexder, great food for thought, as always.

You mean the way I felt a week and a half ago?? It'll all become clearer.
If this turns out to be a good strategy and people begin to grasp how it was developed, maybe we can work on deciphering other pairs. That's what I'm really doing here rather than handing it over as is, trying to explain how it actually works and how the logic can be applied all over again to re-invent a new plan where needed. If I just said "Turn left here, go right when you come to that peak..." it may get you there but you won't know where you are.

Since it looks like things are starting from scratch now, I have updated the first post and the thread will resume here.

Just wanted to pop in and say thanks for sharing this idea. Im really just begining my forex adventure and since I still have a day job a nice, simple, easy to implement idea is just what Im looking for.

I think I was lucky in clicking on some of the right threads that lead me to find indicators are not the way to go (at least for me). I think i remember seeing your name in Skunny's thread, which is really what opended my eyes to price being king.

Ill definately be following this and running your idea through vHands this weekend to see if I can really pick up what you are trying to convey.

Thanks again and Im looking forward to riding this wave It's nice to finally find a system/idea being generated where I can sort of get in on the ground floor rather than 1000 posts in after everyone has either moved on or the thread just becomes a trade call thing.

Aga

You might have landed in the right place if we can get a system going.


I have decided the nature of this thread has changed so I have moved the discussion http://www.forexfactory.com/showthread.php?t=82180