DislikedHi - you are absolutely correct in everything you say here. The key is to isolate opportunities where the velocity (called "momentum" by traders) and acceleration (not normally called anything by traders!) coincide in the same direction.
These are very high probability setups. On my account I have taken something like 60 trades in the last 48 hours and only 3 losers (see my posts of the account). This strongly supports Edge's assertion of a 95+% success rate.
You are within touching distance of the system now!!
AnneIgnored
If I'm asking too many questions let me know and I'll refrain.. but just a couple of things that I'm not quite clear on.
I'm trying to look back through your trades to figure out exactly your entry and exit points - but I see that either my price feed is rather different to yours OR you are not entering at the beginning of new bricks, but before the brick has actually been formed. Would that be correct?
As in, you are constantly monitoring for changes in velocity and acceleration of the indicator and when you hit preset points of these you enter for the 10 pip move.
Also, just a little query on how exactly one should calculate velocity & acceleration for your indicator.
For velocity you are simply taking the slope over the time period between bricks, correct? Thus for acceleration must we then take the difference in velocities over the average of the two previous time periods?