Line break Chart with 25 ticks and a break of 5. I use this mostly on the Dow. The entry signals are the changes in bar color at the end of one trend / beginning of a new trend. I have a moving average of like 50 to try to filter out minor trends, so I only trade changes and only trade with the major trends. For my exits I use a 10 point profit target and for safety I use a 25 point trailing stop.
That's it. I works fairly well overall but tends to do better in the morning hours. Just about every system looses money after lunch when all the lazy bankers drop out and only retail traders are left directionlessly hacking around.
Let me know your thoughts if you try this, or if you have any questions.
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