Recap on the week.
Well, what a fantastic week! The CP Triple play signals have proven to be amazing in their results followed closely by the Double play signals. The majority of the Triple & Double signals hit the CP recommended target but with a good trading strategy & money management, the signals can yield a much higher return as they usually signal the main moves of the day.
The 21ma system has also helped confirm trades as well as filtering out low probability signals that should be ignored.
I always like to stress, this is not the Holy Grail of trading (because there isn’t one) but when used with common sense & in conjunction with S&R levels, these signals can give you extremely high probability trades.
The Pro Chat Room has been great this week & some of the guys have learned a lot & have managed to use the Triple Play signals ....along with common sense...to make profits.
The CP can also be used successfully in lots of different ways & this is just one method.
I am currently working on some strategies to make the most of these signals for the guys who are not so experienced with money management etc.
They are pretty standard methods with ideas such as where to place your stop loss, where to place your targets, when to move your stop loss etc. all worked out using ATR, candle formation & S&R…….& experience.
Because the pairs have different characteristics, the targets & stop losses are also different for each, so while using a 15 pip SL on the 15m tf on a slow moving pair like AU will work most of the time, the same stop loss size will have you constantly stopped out if you try it with Cable on a 15m tf.