Something different for you. One of the things that caught my attention was that you can take any system of methodology and make it stronger with PA. here is something new I am working on. ICCE from Bemac. It is not recommended by me, nor should anyone go running off and 'learn it'. But look at the attached.
We found a range back in May. Applied the ICCE to the range and waited.
6 trades on the 4hr in the past 30 days. The last one is still open. It may simply reverse in the box, or not. I am watching it closely, If I get a reversal bar, I'll jump in long. I'd really like to see it run down to 132 and the top of the original channel. There were many other bars to be played, but not in great positions or are mal-formed. Taking them would make me lose sleep, so why bother? To many easy ones.
The fib lines are pretty powerful - no? Where there is confluence on a retrace or perhaps a PPZ, the move can be powerful at times. There are 4 trades here with a return of at least 3R for the most conservative trader.
Anyhoo - like I said, just a tool where PA can be applied very successfully and make your trading much more confident. No need to though- PA is great all by itself.
For me - I am using this to power a swing trading methodology. I really like the longer term stuff, especially when I can find a shorter time frame entry with a small stop. All you need are a few of these a month, and you'll be phat!
We found a range back in May. Applied the ICCE to the range and waited.
6 trades on the 4hr in the past 30 days. The last one is still open. It may simply reverse in the box, or not. I am watching it closely, If I get a reversal bar, I'll jump in long. I'd really like to see it run down to 132 and the top of the original channel. There were many other bars to be played, but not in great positions or are mal-formed. Taking them would make me lose sleep, so why bother? To many easy ones.
The fib lines are pretty powerful - no? Where there is confluence on a retrace or perhaps a PPZ, the move can be powerful at times. There are 4 trades here with a return of at least 3R for the most conservative trader.
Anyhoo - like I said, just a tool where PA can be applied very successfully and make your trading much more confident. No need to though- PA is great all by itself.
For me - I am using this to power a swing trading methodology. I really like the longer term stuff, especially when I can find a shorter time frame entry with a small stop. All you need are a few of these a month, and you'll be phat!
Attached Image (click to enlarge)
I'm pretty much done with all this ...
