so here's what i see...
- market has been forming HH and HL on higher timeframes
- market is currently showing signs of breaking through the previous HH
- so i'll wait for market to retest that level of the previous high which will be the new HL if it does not i do not take the trade
- but as with other trades there is no 100% guarantee with my predictions
Equity curve trading is not so hot topic these days, but there are traders who are profitable using it's techniques!
I'm using EC trading to smooth my overall equity curve. These two blue line are calculated just like Ichi cloud lines but they use average of hl2 instead of median!
In long-term 20 years back-tests breaking this kind of cloud reached a...