Hi Thomas,tomele wrote:Post 1 offers a new version with an additional ruleset that my wife and I are successfully trading on demo. The new ruleset trades long if DP is above WP and MP even if WP is below MP and vice versa for short trades. It also gives exact SL and TP positions.
Thanks for the latest additions. You have really simplified this method and I believe anyone can trade this system no matter how inexperienced . Your new rule set can definitely work.
Attached GbpUsd limit and sell stop orders. I always take into consideration round numbers and I believe if we have a new high on Gu today 1.2200 will definitely be tested, so I have my s/loss just above that and also just above the daily open wednesday last week.
I have set my take profit at Daily support 2 and next target weekly support 1. I also believe once again if this little support area at 1.21500 is broken than the next lower round number 1.21000 will be tested so that will be my final target area for the week.
Cheers
Leon