The new system likes this as an entry point! Evolution agrees. I dabbled a few times too early. Don't get impatient like I did!
It's now a buy on the half hour chart for evolution and the new compression system. So perhaps we hit our panic cycle reversal.
The way to use this system is find a compression point, where the band width is near zero, and starting to expand, and then plan on the initial direction to continue.
Looking back at past charts, it might be a little worse than evolution, but if one is right 80% of the time, and the other is right 75% of the time, together they'd be right 95% of the time. (assuming independence)
I've been using this system in conjunction with the Evolution system and it looks to be very effective together. I have spent the last two days back testing it by comparing it to and studying the charts.
ReplyDeleteThe BB at the said settings gives me extra confidence that the position I am entering is the correct position.
Sometimes you enter a position once here is the perceived trend change but then there isn't much momentum and then it goes against you somewhat or just trades sideways.
Well, the BB help ensure that (when used with evolution) that the trend change on the position you're taking will have the momentum to carry it in the direction you need. And it helps gives you a head up if the trade is gonna go against you before the trend changes because you will then start to see the bands close in on you gently or slowly and once you see that get out.
I entered two positions that I feel very confident in this morning.