It seems utilizing the H4 SHI for direction and making sure that the LRC 7 agrees with the direction seems to be working well for the past 2 days. There were some crazy market conditions on a couple of pairs, and knock on wood I was not in them. Of the past 2 trading days, I placed 4 orders, 3 were triggered and they all ended up as winners.
Its important to note that these types of trades are not set and forget. After I make my initial judgement at 5pm EST, I take another look to confirm my T/P and S/L points after 00:00 GMT (8PM EDT). This gives me the opportunity to tighten up my T/P based on the latest Pivots. The next step is before 7am EST, if I see a triggered trade is in profit, but not yet hit my T/P, I re-asses the trade and usually reset my TP to the overnight hi or low. Doing this too late in the morning may not work out correctly so pre 7am is probably the best bet.
I am going to update my system post to reflect the new changes.
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