Thanks for your reply. Those are very objective criteria. The methodology seems sound. Could you please post a chart illustrating anyway? Here's a chart illustrating what I meant earlier. I didn't use any method to determine the swing points but ...

Which Fibo level do YOU use and why?

Bridge jumping Seriously though, 18 months in forex is nothing, your journey has just began. There is no definitive solution to jumping systems, because: a) Most traders lack the very basics to recognize systems which are/could be made ...

System jumping - how to solve it?

Hello again gspajon. As you've mentioned anything and everything may be contaminated with subjectivity. Results are only as good as the methodology (and sample size used). What criteria did you use to determine the swing points, which would produce ...

Which Fibo level do YOU use and why?

Nope, not the voice of god. It is a reference to Thor, the norse god of thunder. I used to play real time strategy games under that nickname during college years, and always imagined the voice of god as something imposing like the sound of thunder. ...

Which Fibo level do YOU use and why?

Hello gspajon. It seems you may have already found what you're looking for. If I understood correctly your research results, price reverses to 0% from combined levels 50% + 61.8% about 60% of the time. That being the case, entering an order at 50% ...

Which Fibo level do YOU use and why?

Yes, moving averages do have a place in trading. Being one of the simplest indicators they have so many uses! Not to mention most other indicators/oscillators are MA based. It's very hard to skip them completely.

Do you believe moving average systems work?

This approach to strength/weakness analysis has limited use, especially when comparing two or more pairs. It naively assumes it is valid to compare directly distances in pips from different pairs. As if volatility was a constant. Clearly, that is a ...

The DIBS Method... No Free Lunch continues

I find exits harder than entries (psychologically). More important not so. Entries and exits do not exist on their own. Since they are dependent, their importance can only be the same. They must be tailored to fit well together. Bad entries directly ...

Your exit is more important than your entry?

I'll have to agree with 60minuteman. In the big picture it won't make a difference. You'll miss some signals, you'll gain some signals. Some will be winners, some will be losers.

4hr candle start times

Good points concerning Eur/Cad. However, recent COT sentiment extremes suggest more upside to follow. Just something to think about. Note: in the picture where it reads USDCAD it should read CADUSD.

EurAnalysis