Signal in action.....
It is not often that I get to show the signal in action because sometimes it takes a period of time before it reaches my target area. You see the signal here up around 17 pips and in most cases traders will be tempted to grab the profits and close the position. After all 17 pips in the bad is better than 20 pips that may turn into a loss before the target is hit right?
This is how most traders brains work. It is simply a fact of trading that is well known within the industry. In short...you are hardwired to survive.
However that is not the most effective way to use the signal to your advantage. You want to use the trend as your friend here. In other words the signal is set up to use as much drawdown as necessary to realize the most profit that can be obtained. I know....it flies in the face of conventional trading wisdom but then again how has conventional wisdom served the average retail trader over time? The answer is, "clearly it has not".
Anyway I recommend that you let your positions run to their conclusion (what ever that may be). If you can't handle draw down or you are someone who needs to over leverage then this is likely not the system for you. However if you want to make slow steady profits over time then this just might be what you are looking for. Simply set it up and walk away. Period.
This is how most traders brains work. It is simply a fact of trading that is well known within the industry. In short...you are hardwired to survive.
However that is not the most effective way to use the signal to your advantage. You want to use the trend as your friend here. In other words the signal is set up to use as much drawdown as necessary to realize the most profit that can be obtained. I know....it flies in the face of conventional trading wisdom but then again how has conventional wisdom served the average retail trader over time? The answer is, "clearly it has not".
Anyway I recommend that you let your positions run to their conclusion (what ever that may be). If you can't handle draw down or you are someone who needs to over leverage then this is likely not the system for you. However if you want to make slow steady profits over time then this just might be what you are looking for. Simply set it up and walk away. Period.
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