Guys, as you maybe know I have almost 10 years experience of trading. When I was an amateur trader I was trying to find out what could work for ME.
I am comfortable being a contrarian trader and I use to try picking up the tops and bottoms; actually, to be honest, the contrarian trader is just an early trend trader.
So, in order to put the odds in my favor, I developed the Piper 2 indicator.
Let me explain:
After a huge move, the Piper 2 indicator is soaring over 50%. When the number is over 65% then it is the time for a U-turn (either retracement or a new trend).
>>>BUT I trade only when Piper 2 is coming back below 65%.
I set my SL based on the price trend inflection point.
Literally, the number of the Piper 2 indicator (x%) is representing the probabilities of a price trend change.
Thank you in advance and please be forgiving if I did not explain all the issues. But please be free to ask me anything regarding my indicator.
Nikolas Maroulas
I am comfortable being a contrarian trader and I use to try picking up the tops and bottoms; actually, to be honest, the contrarian trader is just an early trend trader.
So, in order to put the odds in my favor, I developed the Piper 2 indicator.
Let me explain:
After a huge move, the Piper 2 indicator is soaring over 50%. When the number is over 65% then it is the time for a U-turn (either retracement or a new trend).
>>>BUT I trade only when Piper 2 is coming back below 65%.
I set my SL based on the price trend inflection point.
Literally, the number of the Piper 2 indicator (x%) is representing the probabilities of a price trend change.
Thank you in advance and please be forgiving if I did not explain all the issues. But please be free to ask me anything regarding my indicator.
Nikolas Maroulas