Thank Tomorton.
I don't know how many hundreds of hours i've spent working with various indicators only to come to the conclusion that i could do as well by looking at a chart and using my common sense. To anyone who uses indicators effectively, i salute you...lol.
1-2-3-4 is nothing obviously nothing new but i find it quite a powerful pattern since every move begins with higher highs/ higher lows etc which are the building blocks of this pattern. All i've tried to do is limit the downside.
Ideally, I like to limit lines on charts to no more than 4-5. Any more than that and i start going over them again and asking myself if i really need them. If i do, its gonna be a quiet day! Obviously there may be intraday t/l to pencil in too as they develop.
Anyway, good luck with it. If you can think of anything to bump up the averages a bit, i'm in!:cheesy:
I remember your Big Ben strategy that was as simple as it comes - set-and-forget with no bells, bows and whistles. Are you still using it?
Cheers splashy - Big Ben didn't work out at all for me - the underlying structure was there, the market very often makes its high or low of the day in the first hour, but the system needs a way to filter the signals for the most probable and there were just too many failures. No time to screen watch and devlop it but as the basic idea worked so well for Mark Fisher, I would love to come back to it one day when time permits and do some more work on it.
Meantime, yopur approach on this is very clean. The placement of s/r levels and trend lines is always going to be controversial - I do see s/r levels as being fixed and objective - I notice you use the daily H and L established during the session, i.e. ignoring the overnight price action - is this not relevant also?