Hello,

I do not know if this has been discussed in this forum, I didn't find any posts on it. I am wondering if anyone has attempted the utilized by Linda B. Raschke. The system was thought for scalping, but it could be applied on many timeframes and pairs. The installation appears to be functioning in the majority of cases. Here is how it works to get a buy signal:

- %D has established a certain uptrend
- percentK has started to rise along with the slow lineup
- a retracement causes %K to pull the slow line
- enter when price action triggers the quick line to turn up once more in the direction of percentD (forming a hook

- cease level: just below the bar of entrance (may also be the last swing low)
- exit level: within 2 to 4 pubs

Rules are reverse for sell signs. The system has been described http://www.trading-naked.com/library...alp_setups.pdf and updated in the Stree Smarts publiion. Here is an example:



I'd personally add a 50 EMA filter to weed out bad signs (only long signs if the slope of the EMA is going upwards and only short signs for the opposite), but there doesn't appear to be many.