Newkidd system - comments plz

hey gang, im new to the forum and trading as well. after hours of staring at charts and losing thousands of demo $$$ (LOL) i devised a lil system that's been working well for me, in demo mode anyways.

i have an indi that plots R/S and Pivot lines. i noticed a pattern that when a bar is near or breaks the resistance line, itz a good place to go short. the same in reverse when the price is near or breaks the support, itz a good place to go long. i use Stoch 14-3-3 and when both lines are over 80 and the price is near or breaks the resistance line, i go short. when stochs are below 20 and price is near or breaks the support line, i go long.

im using the 15min TF, 50 SL, 35 TS, and 20 break even. just today (FRI - in CA) i got 130 pips on GBP/JPY and 228 pips on GBP/USD. gotta figure out how to make a screen shot and post it on here.

can someone confirm, expand, scrutinize this "pattern"?

HI Shrshot.. are you still trading your system and if so how is it going..? would be great if you could get us a chart up..

All the best from Ireland

Danny.

so i have a couple screen shots of the trades i mentioned in my original post, just gotta figure out how to crop it because itz too big. this method works well for me although i only get 2 or 3 trades a week with it. i'll b back to post the shots. -SS

Good job look forward to seeing them..

All the best from Ireland

Danny

The wise man knows, what he doesn't know.