Hi Whatfx,
I understand that you are frustrated because the system is not improving. Improving a trading system means adding filters to prevent the fakes. Filters are indicators. This is what RAZ does not want. One of the main aspects of RAZ's system is that it is naked, with no indicators.
Nevertheless, everybody can use filters, indicators, modifications at his own discretion without messing up the thread.
I have read the whole thread and done few hours of practice with the past charts. If I decide to go live with this system, I will definitely go with the major trend (H1 & H4) only, will have weekly pivots, and will have main Fibo levels on the charts.
Please also remember, the market is extremely choppy, sloppy, and jumpy.
Moreover, we are in December. It is a horrible time to trade. No EA, no system holds in this environment. Keep your trades and lot sizes to the minimum if you can. With this system, 2012 will be a good year. :-)
I understand that you are frustrated because the system is not improving. Improving a trading system means adding filters to prevent the fakes. Filters are indicators. This is what RAZ does not want. One of the main aspects of RAZ's system is that it is naked, with no indicators.
Nevertheless, everybody can use filters, indicators, modifications at his own discretion without messing up the thread.
I have read the whole thread and done few hours of practice with the past charts. If I decide to go live with this system, I will definitely go with the major trend (H1 & H4) only, will have weekly pivots, and will have main Fibo levels on the charts.
Please also remember, the market is extremely choppy, sloppy, and jumpy.
Moreover, we are in December. It is a horrible time to trade. No EA, no system holds in this environment. Keep your trades and lot sizes to the minimum if you can. With this system, 2012 will be a good year. :-)
Dislikedas i stated in one of my earlier posts, my opinion is that the system on its own will not make you pips in the long run. you really need to enhance it to suit your style, add filters etc.Ignored