Hi Traders, this a useful video from our Documentation on how we think as potential setups emerge on the chart. Check it out if you haven't yet.
Let's recap the Remek! process:
- We trade three setups. Look for them on the Trading Chart as they emerge. Identify your area of business.
- Wait for price to enter our area of business. Switch system to the appropriate direction (Long or Short).
- Two things can happen: a) you get triggered into a trade within the area of business. b) price leaves the area of business without triggering a trade. If b), you Disable the system.
- If you were triggered into the trade, two things can happen: the trade works or it doesn't. In either case, the trade will be managed by the pre-defined algorithm with precision and consistency.
1. above is a discretionary, rule-based step. Learn the three setups. Make sure you review and customize the bbs file to your needs. Then SIM a few hundred trades, record them, analyze the results. Consider which Remek! trading style (swing or position) and which Edition best match your trading style. The three Editions and the swing/position variants within the Editions provide a solution for most situations.
Mindful v2.0 trading!