Dear Ajax,
Have you posted the rules on which you take trades ? Would like to study them....
In 5 min TF there are too many small pivots...how does one avoid reversal on them ?
I trade a similar system but different logic on 10 min TF....it eliminates much of noise which comes in 5 min TF... The system's trades today :
1) Long at 3673....sell at 3708 Profit of 35 points
2) Short at 3708......cover at 3641 Profit of 67 points
Just 2 trades today ....total 102 points
But some days this system gets too messy....so would like to improve it with inputs from your trading rules if possible..
Best Wishes,
Smart_trade
Off-course - tight pivots cause a problem. Found a solution by visually
measuring the angle of retrace.. If acute.its a reversal, else a pullback
I will post the rules by the end of week.
As I said strictly by HH & LL rules, cannot take the short trade of today.
But if I switch on to Mini flow later in the day .. its possible.
I have interest in wolf waves and that would allow for reversal
right at the top.
Possible figures: 51 in long strictly by Pivots
67 by switching to Mini flow / > 100 by wolfe
And we have not talked of 'add' at all
Since we are only looking at the price, why not fuse all similar methods
to get all the juice from the trade :thumb: