#1 System - HomeTO SUM THINGS UP
So let's take a look back at what we have learned
And what we should try to be doing with the 10-8 bands======================================================
The 100% automatic way to trade the 10-8 bands
Would be to go long on 2 full bars above the 10-8 bands
And to hold that position until the market made 2 full bars below the bands
Then go short on the 2 full bars below the bands signalJust continue going short on 2 bars totally below the bands
Until the market makes 2 full bars above the bands
Then go longYou could use this as a 100% automatic stop and reverse system
The 100% automatic stop and reverse system
Is most likely the way this system was tested as a 60% accurate system======================================================
Prices moving higher tend to stay above the 10-8 bands
Prices moving lower tend to stay below the 10-8 bands=====================================================
2 full bars above the bands signal an uptrend has probably begun
2 full bars below the bands signal a downtrend has probably begun======================================================
5 full bars above the bands is a short term buy trading opportunity
5 full bars below the bands is a short term sell trading opportunity=======================================================
As price rallies the 10-8 bands act as a moving support line
As price declines the 10-8 bands act as a moving resistence line========================================================
After a buy signal - stay long until there is 2 full bars below the bands
After a sell signal - stay short until there is 2 full bars above the bands=========================================================
When prices are trading completely above the bands - that is strongly bullish
When prices are trading completely below the bands - that is strongly bearish==========================================================
Above the bands - suggests the market will keep trending higher
Below the bands - suggests the market will keep trending lower
