Sorry just being pedantic...what u referring too...the whole week or parts of it?
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DislikedHi Aus..you say this day looks bearish 'with a bullish week candle'?...my weeks candle is bearish...infact all the TF's are bearish(GFT) on my charts... i do not see a bull in sight.
Sorry just being pedantic...what u referring too...the whole week or parts of it?Ignored
Dislikeddid you check the weekly candle Monday morning..? it was very bearish at the start.Ignored
DislikedHey Aus,
Noticed that every strong move the GBP has the GJ right there with it. Any explaination why the GBP would have big fall but GJ would not. Very courious about this... thanks bro your analysis has been spot on. Also you mentioned a few weeks ago before holiday about bet on the markets.com you still planning that.Ignored
DislikedHi Aus
Just like to confirm that your daily candles are only valid for prediction of forward price action at the time they are formed, & are no longer valid at any later stage as they change as the day progresseThis would mean only forward testing is possible , not back testing.
Have I got this right?Ignored
DislikedI'm off to bed.. Havent slept for 24hrs. I got a short trade from 226.93 down to 224.70 with a stop loss of 227.15(above the Tokyo Pivot). I'll be back at Frankfurt open.Ignored
DislikedThe first half has already been validated, nice work, Aus Master, let's see the next half.
I thought tommorrow is a fall day, now better off follow you. but on daily chart, i do see no reversal yet, except momentum predictings.Ignored
DislikedHi Aus
Thank for your help and guidence. You are the true mentor and master.
With the help of your strategy and Karmos guidence of "Patience" since 21 Sep 2007 I made around 13000 pips. (And of course others help in the thread as well with their explanation etc.)
I only followed 15min and 1hr/4hr strategy, no more or no less. Strictly followed the rules and no voilation of rules/bending rules. When ever I did I took the loss. And honestly I am happy with those lossess, because those are justifiable for the violation of strategy rules.
Your strategy is amazing. Thanks again and again.Ignored
DislikedI'm posting a new experimental indicator here for use with Aus's momentum strategy. This may be a bit of a long posting, but I need to explain the purpose. Otherwise, when you attach this indicator to your chart, you might say "What the hell is this showing me?" I think after I explain it, you will understand the value of this indicator.
First of all, we know that Aus relies heavily on what the momentum indicator is saying at the beginning of a new bar. The standard momentum formula is:
(Current Close Price) - (Close Price n periods ago)
where "n" is the setting you've applied (10, 14, or 1).
But by looking at the beginning of the bar, we actually could say that the formula Aus is using is:
(Current Open Price) - (Close Price n periods ago)
So my dilemma for some time now was how to capture that momentum at the beginning of the bar. I think I've finally figured out a way to show it.
When you first add this indicator to your chart, you give it a momentum period just like the regular momentum (10, 14, 1, whatever). What you will see is a series of alternating color line segments. Each line segment spans between just two bars. What it is indicating is what the momentum indicator was showing at the beginning of the more recent bar. Also overlayed on the colored lines is a regular momentum indicator in a light colored dotted line. If you notice, each small line segment starts at the dotted line, but then may go off in a different direction. So, essentially you can see what the momentum was at the start and what it ended up being at one time for any bar.
I see this as an analysis tool. I don't expect anyone to have this on their chart at all time, but I see two main uses for it.
First of all, if you forgot, or couldn't check the momentum at the start of a bar, this gives you a second chance. If it's the middle of the week and you can't remember what the weekly momentum looked like, this can help you.
Second, I see this as a great way to analyze and see the results of the strategy. As someone pointed out earlier, there really hasn't been a way to backtest this strategy because the beginning momentum indications are lost. Now with this indicator you can look back to any bar and see what the momentum indicator said at the start of that bar and then see how it turned out. Did it do what the momentum indicator said it would? Now you can see.
I also think that Auslanco can use it as he refines the strategy to see what little nuances he can pick out that might make things even more accurate.
I've made it so it can work on the 8H and 12H offline charts as well.
Okay, enough already. Try it out for yourself.
BruceIgnored
DislikedHi Bruce: Will be keeping an eye on how this works. Would it be possible for you to make up an instruction sheet and some screenshots that I can put up on the website if it works. Probably on the momentum page and also as a download on the page of other of your indicators.
RodIgnored