I found this thread today and wondered if there is a video for it? (couldn't find it) Also, with all the new indicators introduced over the last year, which ones you would recommend to use with the Radical Reversal?
I have been doing this fade the market strategy with some great results over the past month. Focusing primarily on TF, CL, and GC when they reach 1 deviation or more. I'm watching volume, deviation indicator, velocity, and range boxes. We have had some large moving days on CL, and GC in the last few weeks. So with alot volume I will wait before fading at 1 deviation - My own loose rules for fading are using a hedge at 1 and 1.5 deviation while using no hedge for 2 deviation fades. Sometimes they will pull back an entire deviation or more which is great!
Noticed that the quicker these markets hit the deviation level, the harder the bounce. Often if they arrive late to the deviation level, they typically stay in that area till close. (at least in my early observations and back tests) Spread hedges can sometimes be too expensive, so I will opt for a $20-25 daily binary hedge if too expensive. I've had 1.5 go to 2 deviation levels and the hedge payed off taking profit, and go back the other way to take profit there as well. Anyway, wondering if you had anymore insight for this strategy since the last post here? Thanks!