Man don't give up! I am using your indi (SP_openline) and getting pips with it! And now you giving up?
One observation on the trade posted.
I would not of taken the trade in that fashion. If you look at the candles that were forming before price crossed that H1 open line they were bunched up. They were more like in a waiting state. Now since price was headed down that meant to me that I needed to wait for price to breakdown from the support. So it was a setup for a short.
Hang in there... show us some more charts before you make the trade and lets see if we can help ya a bit. Remember in the end it is YOU that has to SEE it.
Shane wrote:OK, I've had it....Obviously Dragon is using something more than what has been described in the threads - previous trading experience perhaps?
I am getting too many losing trades using this indicator...
Take this one that just happened for example:
Price went up from support and crossed the alert line - I waited until the price crossed the hour open - both hour and day were pointing up. Entered 1 pip past the hour open line - then bang straight down the gurgler.
I give up