Disliked{quote} You entered a Buy trade when D and 4H price was under 200 EMA...is it not a contradiction to earlier statement?Ignored
Every trading has rules but this rules even if u follow it hundred percent will not fail you one day.
You must inderstand why Market is making any move. This indicators don't move on there on. It price that moves them.
Why this system is based on TDI crossing from above 80 level and below 20 for valid signals are bcos theses are extreme positions where price has lost it's momentum. Traders believe it d market is tired and people start taking profits, closing of there trades.new and opposite orders re now entering nd next price reverses. Nd u clap for d indi.
It is not d indi it is us
Ok now
Whatif there was a big impact economic news, disaster(eg. Japan tsunami), or change in Economic policy. The financial institution with big pocket will know that the Market moves are not yet over and your indi will definitely fails cos d indi was unaware of such events.
That's why when you back test an EA it fails sometimes cos something happen sometime ago.
Let me give one example, PIVOT POINT, d reason why it is a very powerful cos many people make use of it people start taking once price hit R/S and u c price reversing but if dre was an event or anticipated event and these bigboyz believe price movement are not yet over, it will penetrate it as if notn was dre.
This thread have one of the most powerful system I have seen in my life,
If only you can ffilter with little fundamental analysis,
u will be very successfu.