Disliked{quote} IMO... you're 123 setup isn't consistent with FX's rules. Bulls aren't roughly the same size and bullish is bigger than both by a mile. Your entry point is actually looking better which means you should wait for the pullback from that support for entry. You likely just got lucky... but that's just me. The indicator is good for scanning pairs and you should use your own discretion to filter signals. Not criticizing anyone, just an observation.Ignored
I'd be keen to know if any serious trading firm would base their trading style on this in the manner the original OP has described it.
I actually used the setup inside my own trading plan and maybe it was a fluke that it worked that time, however, I would have taken the trade anyway, I just got a better entry with the use of the indicator. I think if we are honest and have a similar amount of chart time as each other, I reckon we could find multiple setups which had a good RR but didn't follow the exact methodology (though I still can't see any exact parameters within the original method) all the time.
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