You can quit and they won't care, but you will always know.
- #343
- Dec 12, 2006 12:15am Dec 12, 2006 12:15am
Hi Hero Doug, thanks for the kind words first of all.
I am not on my trading machine currently as I am on a small trip to the bush for a bit of R&R, but I'll do my best on the charts you provided. No system is full proof of course, but this system does have a inherint filter in that it keeps you out of the market at times like this. Your analysis was sound, plenty of resistance down below, an evident uptrend in existance, so the highest probability position was a long position, however, for a long position to be take, price needed to be sitting at the bottom band, and as you pointed out, it was sitting right in the middle this time, which should mean, you were out of the market.
So while you missed this breakout against the trend, you haven't lost anything either, which is just as good as a win really. So all in all, you seem to understand the basic concepts of this system, best of luck!
I am not on my trading machine currently as I am on a small trip to the bush for a bit of R&R, but I'll do my best on the charts you provided. No system is full proof of course, but this system does have a inherint filter in that it keeps you out of the market at times like this. Your analysis was sound, plenty of resistance down below, an evident uptrend in existance, so the highest probability position was a long position, however, for a long position to be take, price needed to be sitting at the bottom band, and as you pointed out, it was sitting right in the middle this time, which should mean, you were out of the market.
So while you missed this breakout against the trend, you haven't lost anything either, which is just as good as a win really. So all in all, you seem to understand the basic concepts of this system, best of luck!
You can quit and they won't care, but you will always know.
Well done on a great trade
I noticed that whenever I try to add levels to the indicator, it automatically creates 100,200,-100 and -200 and I can not change these at all. I only wanted to have 100 and -100 showing yet it won't allow this. It also modifies the colors/lines when attempting to change levels (specifically the blue lines in the histogram become thicker).
Any thoughts on this?
Thanks,
Jason
- #346
- Feb 1, 2007 5:44am Feb 1, 2007 5:44am
Well I know it has been an mighty long time since I have updated this journal, unfortunately hospital stays do that to ya! ... jason, not sure if you are still watching, but attached is a modified version of the indicator for you that does not automatically place levels, so you can add or remove whatever levels you like
As for trades, here is a nice little set-up with the squeezy method that has shown itself tonight.
In terms of part 2 of the manual, I go back in for a weeks stay in hospital next week, just may be the perfect time to get into writing the rest of part 2
Ok here is the chart for tonights trade ... (oh and I meant "resistance for a short trade" not "support" ... brain still mush
)
... jason, not sure if you are still watching, but attached is a modified version of the indicator for you that does not automatically place levels, so you can add or remove whatever levels you like As for trades, here is a nice little set-up with the squeezy method that has shown itself tonight.
In terms of part 2 of the manual, I go back in for a weeks stay in hospital next week, just may be the perfect time to get into writing the rest of part 2
Ok here is the chart for tonights trade ... (oh and I meant "resistance for a short trade" not "support" ... brain still mush
)
You can quit and they won't care, but you will always know.
- #348
- Feb 1, 2007 3:12pm Feb 1, 2007 3:12pm
Thanks for the kind words boat, much appreciated ... just as a follow up, here is how last nights trade turned out ....
... just as a follow up, here is how last nights trade turned out ....You can quit and they won't care, but you will always know.
- #352
- Feb 18, 2007 1:16pm Feb 18, 2007 1:16pm
Hello Dear Akuma99, I first want to express to you my deep gratitude for your sharing of this great system. Your explanations are very clear, straight to the point and very professional. Also, your manual part 1 is really a master piece and you should really begin writing in forex magazines.
I really hope that you recovering well from your disease and I am sending you lof of positives energies from Canada.
After have going through different systems for the last year and half, I truly believe that your system is the most easy to understand and apply.
Please Dear Akuma99, please continue to post your charts and setups at it really help to understand more and more your logic.
Really cannot wait to see your manual part 2.
As for a probable setup, I think if we look at the EUR/JPY chart, a good short setup can be there soon as the RMMA have folded to the downside since last thursday, we have the blue zone coming near the 0 line maybe for a bounce and the price clear of the smas and the price action going to the upper bollinger band.
A potential good short setup coming our way (I hope!) in the beginning of the coming week.
So, Dear Akuma99, wishing you well and again a very big thank and great appreciation for your dedicated efforts to enlighten us all on your wonderful system
Hope to see you back soon in good health!
shreem
I really hope that you recovering well from your disease and I am sending you lof of positives energies from Canada.
After have going through different systems for the last year and half, I truly believe that your system is the most easy to understand and apply.
Please Dear Akuma99, please continue to post your charts and setups at it really help to understand more and more your logic.
Really cannot wait to see your manual part 2.
As for a probable setup, I think if we look at the EUR/JPY chart, a good short setup can be there soon as the RMMA have folded to the downside since last thursday, we have the blue zone coming near the 0 line maybe for a bounce and the price clear of the smas and the price action going to the upper bollinger band.
A potential good short setup coming our way (I hope!) in the beginning of the coming week.
So, Dear Akuma99, wishing you well and again a very big thank and great appreciation for your dedicated efforts to enlighten us all on your wonderful system
Hope to see you back soon in good health!
shreem
