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Long is now +5 and moving. I'm looking for the H1 Maximum Omega-Absolute value to be struck today. That can be seen by way of the White Dotted Line inside the Indicator Window on the H1 Chart. Maximum Omega-Absolute value represents a routine daily expansion point on the H1 chart. At some point during a normal OmegaWave range, the H1 bar will start to produce at least one strike against Minimum Omega-Absolute value (Purple Dotted Line inside Indicator Window) and Maximum Omega-Absolute value (White Dotted Line inside the Indicator Window). Thus far, there has been no H1 strike on Maximum Omega-Absolute value. That tells me that the big H1 bar has probably not happened yet.
The -28 loss was way too much for this type of signal. I got caught between typing my post and closing the trade. By the time I got back to the trading platform, it was too late. Like I said, these OmegaWave trades can be over in seconds.
Because I don't have a Short re-trigger, I am holding the Long position in the 1400 GMT H1 bar. Currently, -2.1 pips with 10 minutes remaining in the 1400 bar.
The way this works is that I will continue to hold the previous signal (Long in this instance) through the start of the next H1 bar, and wait to see if the OmegaWave continues to push through. Currently +4.8 pips.
Just to try and begin to wrap my head around the idea behind your system here, you say that "The idea, is to enter a trade during the highest period of momentum, while the OmegaWave is in its Expansion Phase and at the intersection" meaning that this system has some of the same characteristics of a trend following system? What I mean is, you won't be trying to (the system won't) be picking tops and bottoms?
Have to deal with Q&A later - I'm barely able to keep up with TinyPic, print screen saves and update posts - not to mention, actually trading the signal. Normally, (obviously) I don't have to do all this. Sorry.
Note that Omega-Absolute (Yellow bar seen in Indicator Window) is just starting out for the H1 1500 hour. I'm still looking for a strike on Maximum Omega-Absolute Value (now seen in a White Solid Line). I changed the line properties to make it easier to see. Minimum Omega-Absolute Value is now a Purple Solid Line inside the Indicator Window. Both are in the H1 chart.
I have not checked the news at all today, which is something I normally do before 5am. These are just live confirmation tests, so it is not that critical. However, normally, I am well aware of any news events that might coincide with my trades. Current: +5.3 pips.