PA does work!!!!!!!!
coming along greeeeat
edit: got stopped out, dammit i need advice on stops, but still +187.62
Hey Ta, good to hear that you've found naked trading. I guess by the gurus you mean J16, Jacko, Silent Service all over at that other forum.
I was exactly the same as you about 6 mnths ago, i'd tried different methods, all relying on a multitude of indicators, for me they didn't work - hats off to those who do make them work.
my trading has evolved so that now, i don't think in terms of pips, but instead acct percentage.
So far, 9 % up these last few months.
Stops are very subjective, i always put a hard stop at the time of order, but after i'm in profit, i micromanage.
I'm trialling bemacs idea, where you move stop to cash in 80% of profit, and base remaining stops on pips. Works pretty well, if you like to have lots of winners versus taking a hit on a full stop.Check out the threads, theres a whole range of advice on finding the style of stop your'e comfortable with.
Hope this helps.
edit forgot to say! If you switch from 1hr to daily, the signals are a lot more reliable. i trade only daily, with an eye on the weekly for the big picture.