Good reply foto.. Lets assume I will not take trades that have a high correlation for now. The whole point is not to base my "grading system" per individual trade as to more per a set of trades.. You see what I mean? What do you think?
Thanks and a very nice example! It might be interesting to backtest Jim's PA with fibo-lines, pivot point and MA support/resistance he mentions throughout his thread only, and than with the s/r of the ichimoku method. Doing that with the same (as ...
Ichimoku Kinko Hyo — Sorry to get off course here but just wondering if anybody uses Jim's method with the Ichimoku Kinko Hyo method? If yes, does the Ichi method complement this PA stuff?