Thread: Delta rejection

When I was a FX begginer the fantasy was to have a top winrate and several trades. High winrate means you know something about the market and several trades ad up much more then other systems. You can be a billionaire in FX in a short period daytrading .it has been done but they maintain their privacy. So I am not saying trade this pattern. I am saying use a simulator and simulate transactions - backtest consistently for new thoughts. Even this pattern can have many developments. If you reach 1000 transactions that finish in profit I think that is a good success indior.

Originally Posted by ;

when I was a Foreign Exchange begginer the dream was to have a top winrate and many trades. High winrate means you understand something about the market and many trades ad up much more then other systems. You can be a billionaire in Foreign Exchange at a quick time daytrading .it has been done but they maintain their privacy. So I'm not saying trade this pattern. I'm saying use a simulator and simulate transactions - backtest consistently for new ideas. This pattern can have many developments. In the event you reach 1000 trades that finish in profit I think that's a fantastic success indior.

Hello, I thank you for sharing. I have seen this egy in a few different areas a while back in my newbie hunt for the holy Grail' system lol and largely on greater time frames. High win rate is great, but if your risk to reward is poor you won't get anywhere. This egy has ok R, so it needs to be profitable in the long run. Are you trading this live? Kind Regards,

No, I am not live trading this. I have additional systems. I have put up this pattern for anyone who wants to improve it. There are 2 perspectives - either a bigger sl and a more compact tp, either a more compact sl and a bigger tp. Entries can be improved also. I don't think you found it the same. I found it in my backtesting and not on forums. What matters is that it's easy to recognize the loion and it is systematic by nature. If I see a pattern afterward everybody who sees the pattern get's it. It doesn't have the large optional tendency of supp and resistance of trendlines or some candlesticks. If I see a chart and associates of the thread see the same chart we are going to have the specific same entries. If people will operate they will get sl and tp. That may be systematic too. There is no place for interpretation and of error. Near a science. In reference to the holy grail it exists- either discretionary(instinctual) or systematic, either 20 percent or 85% winrate also it is called a winning trading system or a profitable trader. Shouldn't be 100% accurate.

From my brief testing last night of sl and tp with this pattern it may be helpful if it had a risk reward of 1 to 2 2. Please inform me if you managed to find a sl and tp that works. That would be amazing. I believe in a couple of months this pattern could be ready for some live testing or demo because for me they're quite similar.

For everyone who browse the 2b pattern, delta rejection is an update to this.

Last theory regarding the system without giving to the whole world free work which in my view is very detrimental to the market. It could be at 65% with 1:2. That means a very big profit element. Needs more testing but it has potential. Someone said I am selling into support. That means I am very naughty if I am successful at it no? At 40% winrate using a 1 to 2 you can win but it could give more then 50 percent

something to hear while you are working. Home music relaxes me greatly. This is deep house.

May I get a template of the color schedule of your charts

Originally Posted by ;

can I get a template of the colour schedule of your charts

you like the template?

I do, yes.