Hi everybody
Pedro and Bob...awsome contribution!!!!!!!
I like their aproach, being more or less as old as them....(you tend to look for simplicity)...including everything in life.
My only two cents worth:
I wouldn´t add much to the original rules from Pedro, HGI with Hurst. Excellent work, it doesn´t get any better.
One thing worth mentioning, hardly seen in this Forum, is Stop Hunting.
Big Boys (robots) operate on sop hunting the obvious areas where retailers "sitting duck" stops are...almost every big move starts with a stop run...(they call them "liquidity pools").
Often they will induce a move with a big bar, retailers jump in, then they will retrace fast, hit everyone, and THEN..
Wanna train your eye to stop hunting?...just go to a 1 minute chart, put imaginary trades, and watch them do it...watch how price gets "atracted" to these areas...
The higher the time frame, the less stop hunting, cause it´s more expensive for them to move the market, but you find them even at the beginning of weekly runs..
SO: if you find an entry point, and the market just did a stop run before you, that should give the trade a better chance, also, that place that got ran, is the safest to put your stop..
Short time traders beware..
All the best to everyone..