Turkey Catcher

Sorry for the late update today. As we have missed the majority if today's movement, I thought I would place Turkey Catchers strategy on here for you.

Congratulations to you Barry for giving up chasing 400 turkeys a day.

This week so far I have made 127 pips profit using the mechanical trading stratagies.

I have my own set of entry rules that I filter the mechanical trading results through before I place my orders, they are very simple and include such as I only trade with the trend never against it. So if the stratagy is giving a sell signal I will only enter the trade if the trend is down. The same is true of long trades the trend must be up.

Everyday I search RMO and MACD stratagies for trading oppertunities. I pick out the securities that have been highlighted by both stratagies.

I then do further analysis on these securities, I am looking for increased momentum which indicates interest in the security.

I am looking for the trade being in the direction of the trend usually on a wave 3 or 5.
I then put the security through my TO stratagy to ensure that 3 out of the top 5 indicators are also in the same direction as my proposed trade.

This system has worked very well for me, it has protected me from false signals a number of times, increasing my percentage of winning trades and profitability.

Thankyou.
Barry.