So what I've learned from recent posts (thanks for those) and from my re-reading of the forum is that there are as many ways of using HGI as there are HGI users. These range from "naked HGI" (see signal, trade signal) to the use of sometimes quite complex indicator 'systems' to validate HGI signals. Two extremes with everything else in between.
Which leaves new users to find their own way through this jungle, but as one discovers over time in forex generally, that's probably the best way forward.
As I like simple systems (and I am inclined towards nakedness
, I don't want to get pulled too far down the road of multiple indies, so for now I am being guided by an earlier post from Leon about waiting for the next H4 bar to open and if the signal is still there, only then to proceed with decision-making, probably using something pretty straightforward like S/R levels and dominant trend direction.I'm also tempted by both Steve and others' views that stops are a waste of time and instead of stops, to leave trades to run until another signal says otherwise. The only problem with that is that I can't monitor HGI signals 24 hours a day. What happens if price suddenly takes off in the wrong direction while I am sleeping? I'd love to hear from Steve how he handles that sort of situation.
Let's see how that goes - any comments welcome!
