this strategy is working dude, believe me. Dave, you've shown a nice setup. I rarely see the 4H chart. I don't know, so far i am still confident on just looking the 1hr chart. but it is so true, that if the 4H shows a good setup, we can sure ourself that any signal happened on 1hr after that, always give u pips.
it is still a very good trading system. so easy on eye. yeah, patient and wait for good setups, as Dave said.
good luck guys, please share your result for all of us here. we would appreciate that.
The longer I trade the more interested I become in avoiding losses. I don't think you can do that with a screen full of indicators though.
The way I see this system logic is that you are trying to determine the direction of the swing by using the slower stochs and then entering on a pullback. In other words, finding a lower-risk entry point.
The more you can catch a move that is going in the direction of the longer-term trend the more profit you should make and the better your R/R should be overall. The longer term trend is where the money is imho.
By the way, Melpheos is on my short list of guys to trust in this business.
Thank you, Melpheos. Keep us posted on your new system.
Great success to you!
