That is what has been shared here nothing less and nothing more.
No hidden secrets.
Its not the strategy its the trader.
Ultimately deligence is needed to be a trader.
I have used every sort of broker you can think of I get same result.
To be good at this impulsiveness must be removed from you character.
I am comfortable do the crazy 5 minute expiry all the way to one touch options.
But you can always find a range that suites you.
Its easy but not for everyone.
This trading method is conservative.
These days I prefer to spend just 3 hours on a computer only if I have to.
Using a lower timeframe and the 5 minutes strategy on the other tread I trade up to 4 times the number of trades I should have used with rebound line method.
That being said there are rules.
The amount of cash you commit to a trade MUST be proportional to the risk arising from the type of approach you are using.
Where you can place $150-200 dollars and above for a 1HR or 4HR entry with rebound line approach
You may only place $5-$10 on a trading system with extremely low timeframe.
You will get high probability quality trades on a high time frame.
You will certainly not see any on a lower timeframe.
Each day now I am transitioning to forex completely not because of losing as I barely lose trades (at least my results can be verified) rather I do this with the knowledge that what exist now has finally come to an end except you live in the us and use nadex.
But that is a story for another day.
Just give us till next week to conclude this simple exposition.
Then you can ask the questions you want after the exposition as long as your question is related they will be answered.
Re: The Rebound Line Strategy By Ikamos and Shreck
21Don't confuse My Confidence For Pride, And My Joy In What I Do For Arrogance