DislikedSo many years away and now returning as a mature trader. I read a couple of my old posts/replies and realize the journey. In my time away, I developed various systems, turned charts into bowls of spaghetti and traded naked charts as well. I developed intricate indicators that use the same data every indicator uses - price and time. I failed, I learned, I failed, I learned. I stopped failing. After a period of success and at the request of friends, I jumped through all the government and financial regulatory hoops and founded an alternative investment...Ignored
- #324
- Mar 18, 2022 10:32pm Mar 18, 2022 10:32pm
{quote} Yes. As soon as retail traders catch on to something good, it turns into sh!t.
{quote} Thanks Jube totally got it now, I studied post #238, along with current charts. It makes more sense indeed to use the StochRSI for counting cycle. I found a good example on NZDCAD (H4) to illustrate. According the rules, a short position is tempting: price has touched upper BB, and changed color to red. Except for the fact the StochRSI is in the 2nd cycle. Hence price halts and start moving north instead of south. Can you confirm we are on the same page? Thanks and many pips to you. BT {image}
Only, i personally count a cycle from both StochRSI lines going above 80 (or below 20). In this case not both StochRSI lines crossed 80, so for me this would be the 1st cycle where we are now. But that is my personal taste, WD would count this as a 2nd cycle, because the 1st one crossed the 50 level.
So for now, you are on the same page as WD
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{quote} So, according to WD i think this would be correct: 1st and now 2nd cycle! Only, i personally count a cycle from both StochRSI lines going above 80 (or below 20). In this case not both StochRSI lines crossed 80, so for me this would be the 1st cycle where we are now. But that is my personal taste, WD would count this as a 2nd cycle, because the 1st one crossed the 50 level. So for now, you are on the same page as WD
Just a quick note to all in this thread: I have been consulting to an asset management firm I was once associated with and it is taking up all of my time. So, I have not been here for a while. I should be done with them next week and can answer questions at that time. There are a couple people here, The Jube for one, who are using the system successfully and have been very helpful. Thanks! BTW, pretty crazy that someone made a video and claimed credit. Whatever... There are 1000's of profitable systems and millions of unprofitable traders. That...
{quote} So, according to WD i think this would be correct: 1st and now 2nd cycle! Only, i personally count a cycle from both StochRSI lines going above 80 (or below 20). In this case not both StochRSI lines crossed 80, so for me this would be the 1st cycle where we are now. But that is my personal taste, WD would count this as a 2nd cycle, because the 1st one crossed the 50 level. So for now, you are on the same page as WD
