I shot an Arrow into the air.... | Forex Factory

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I shot an Arrow into the air....

  • #1
  • First Post: Dec 29, 2005 6:18pm Dec 29, 2005 6:18pm
Hi everyone,

As many of you know, the James16 Group (aka Private Forum) will open on Jan. 2nd, 2006. I am currently going through my section and making final edits and additions.

In looking through my notes, I came across a system I'm in the process of designing that I call "Arrow". I plan on adding the Arrow to the PF at a later date pending design completion and successful backtesting.

The Arrow is an idea I had that combines elements from both the Vegas 4 hour Tunnel Method, and the Median Grid described in Mr. du Toit's "Bird Watching in Lion Country".

Preliminary backtesting has shown the Arrow to be profitable. But, what makes the Arrow interesting is that by design, it deliberately misses long trends! As such, I think it will be a good complement to the Knife system, which catches long trends.

It may be several months before the Arrow is made available. But, when it is ready, I will post the complete system rules here on the public forum for all to use for free. In the PF, however, I will provide detailed instruction and support for the Arrow system in the form of a detailed tutorial and answering of subscribers questions.

The PF will not be of interest to everyone, but if it of interest to you, you can get more information by clicking the link in my signature below.

I wish everyone a happy and prosperous new year!

Dial
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  • #2
  • Dec 30, 2005 12:08am Dec 30, 2005 12:08am
Quote
But, what makes the Arrow interesting is that by design, it deliberately misses long trends!
Sir, Please forgive me if this is a truly ignorant question, but if the trend is our friend, how then would the Arrow system make money by missing the trend?

Quote
I will post the complete system rules here on the public forum for all to use for free. In the PF, however, I will provide detailed instruction and support for the Arrow system in the form of a detailed tutorial and answering of subscribers questions.
I am happy to hear of your offer to make the rules of the Arrow system freely available to everyone, but given that, what would be the point of adding it to the Private Forum? Would it not be unfair to your paying subscribers to make the rules free to all?

With kindest regards,

cici
  • #3
  • Dec 30, 2005 12:43am Dec 30, 2005 12:43am
I just have to ask, since no one else has. Would this new system have anything to do with the reason for the deletion of the BWILC threads? I do know you made a post that you did not know why they were deleted. Maybe I missed something, somewhere. But the threads seemed to be going pretty good. There was dialog about improvements and an open exchange of ideas and then............nada. Gone. Again I do not read all the new post here and do not mean to accuse you of anything. Just trying to figure out why those threads disappeared.

Thanks.
Forex Trading: The hardest way to make easy money.
  • #4
  • Dec 30, 2005 1:00am Dec 30, 2005 1:00am
I think those BWILC threads disappeared because the person who wrote the book (Dirk) asked for it to be discontinued as it was facilitating piracy.

Am i right there merlin?


ken
Trade what you see, not what you believe.....
  • #5
  • Dec 30, 2005 1:31am Dec 30, 2005 1:31am
Quoting cici
Sir, Please forgive me if this is a truly ignorant question, but if the trend is our friend, how then would the Arrow system make money by missing the trend?

I am happy to hear of your offer to make the rules of the Arrow system freely available to everyone, but given that, what would be the point of adding it to the Private Forum? Would it not be unfair to your paying subscribers to make the rules free to all?

With kindest regards,

cici
Hi cici, and thanks for your questions. As to your first question, when prices are not trending on a given timeframe, they are usually ranging. Ranging means that price is bouncing up and down in a relatively narrow range between a support and a resistance level. When ranging like this, the market is undecided as to direction until it breaks out of the range and starts trending again, either up or down. The Arrow system is being designed to capture the price moves that occur within a range.

Please allow me to answer your second question this way:


"James16 Chart Thread" is to "James16 subforum in the PF"
as
"Lost in the Tunnel thread" is to "Knife subforum in the PF"
as
"Free Arrow Rules" will be to "Detailed support for Arrow in the PF"


In other words, the difference is in the level of support and one-on-one help.

This is all assuming of course that I am ever satisfied with the Arrow enough to release it. (pun intended)

Thanks for asking.

Dial
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  • #6
  • Dec 30, 2005 1:50am Dec 30, 2005 1:50am
Quoting Norbecker
I just have to ask, since no one else has. Would this new system have anything to do with the reason for the deletion of the BWILC threads? I do know you made a post that you did not know why they were deleted. Maybe I missed something, somewhere. But the threads seemed to be going pretty good. There was dialog about improvements and an open exchange of ideas and then............nada. Gone. Again I do not read all the new post here and do not mean to accuse you of anything. Just trying to figure out why those threads disappeared.

Thanks.
Hi Norbecker,

I don't see the connection you are seeing but, no, the Arrow system is completely unrelated to the deletion of the BWILC thread. That deletion is a result of a dialog between Merlin and Mr. du Toit. I too lament the deletion of the entire thread, but that was Merlin's call.

Thanks for asking

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #7
  • Dec 30, 2005 1:54am Dec 30, 2005 1:54am
Quoting ElectricSavant
Folks, Diallist is a scientist. His motives are clear. He obviousley wants to share here and in the PF.

I personally will get the info any way that I can get it!

Please excuse the interupption, as I may be biased. But I stand by my comments in this post.

Michael B.
Thank you Michael.
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  • #8
  • Dec 30, 2005 5:50am Dec 30, 2005 5:50am
Quoting diallist
Hi cici, and thanks for your questions. As to your first question, when prices are not trending on a given timeframe, they are usually ranging. Ranging means that price is bouncing up and down in a relatively narrow range between a support and a resistance level. When ranging like this, the market is undecided as to direction until it breaks out of the range and starts trending again, either up or down. The Arrow system is being designed to capture the price moves that occur within a range.
Thank you sir. Your explanation makes sense. My understanding had been that ranges, being full of whipsaws, were to be avoided. I look forward to seeing how the Arrow system gets around this problem.

Quoting diallist
Please allow me to answer your second question this way:


"James16 Chart Thread" is to "James16 subforum in the PF"
as
"Lost in the Tunnel thread" is to "Knife subforum in the PF"
as
"Free Arrow Rules" will be to "Detailed support for Arrow in the PF"


In other words, the difference is in the level of support and one-on-one help.
Again, I thank you sir. I do see now that the level of service is indeed the difference. I for one can appreciate the need for one-on-one attention for some people, myself included. I would also thank you that not only you, but Jim and Michael as well are willing to share valuable information at no charge to the public portion of this forum. You are magnanimous in my eyes when I view your team in that light. Especially yourself, since you are also moderating the Beginners Forum gratis. I apologize if I inadvertently implied unfair actions on your part towards your subscribers.

I must however note that Douglas has chosen to absent himself from the public forum. I cannot help but wonder why.

Quoting diallist
This is all assuming of course that I am ever satisfied with the Arrow enough to release it. (pun intended)
Pun understood, and appreciated.

Thank you again sir. You are indeed a gentleman.

cici
  • #9
  • Dec 30, 2005 9:39am Dec 30, 2005 9:39am
Quoting diallist
Hi Norbecker,

I don't see the connection you are seeing but, no, the Arrow system is completely unrelated to the deletion of the BWILC thread. That deletion is a result of a dialog between Merlin and Mr. du Toit. I too lament the deletion of the entire thread, but that was Merlin's call.

Thanks for asking

Dial
Thanks for the reply. Again, I did not mean to offend or sound offensive (sometimes hard for me to avoid ) but I just had to know why the threads were deleted. Since I did not see or missed any reason for the deletion I just had to figure something out.....assume. Now I understand perhaps the author did not want the details of his system/book being discussed in detail on a public forum.

Thanks again
Forex Trading: The hardest way to make easy money.
  • #10
  • Jan 3, 2006 12:28am Jan 3, 2006 12:28am
Now I don't know from those fancy schmancy arrow trading systems, but I do know the poem:

I shot an arrow into the air
Where it lit I knew not where

Then I herd the neighbor swear
Musta landed ober dere.....
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #11
  • Jan 3, 2006 12:30am Jan 3, 2006 12:30am
Quoting MrWhipple
Now I don't know from those fancy schmancy arrow trading systems, but I do know the poem:

I shot an arrow into the air
Where it lit I knew not where

Then I herd the neighbor swear
Musta landed ober dere.....
Hee hee! I was wondering how long it would be before someone took the bait.
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  • #12
  • Jan 3, 2006 1:25pm Jan 3, 2006 1:25pm
Actually I think that there is a longhair version out there some where, but I can't find it yet, ...... still looking.
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #13
  • Jan 3, 2006 1:30pm Jan 3, 2006 1:30pm
OK I found it I thought It was that Longfellow dude but wasn't sure. When I was younger I was a poet and didn't know it, but my feet showed it,... (wait for it)... they were longfellows.

http://www.poeticexpressions.co.uk/P...ass010_bnr.gif



I shot an arrow into the air, It fell to earth,

I knew not where;

For, so swiftly it flew, the sight

Could not follow it in its flight.

I breathed a song into the air,

It fell to earth, 1 knew not where;

For who has sight so keen and strong,

That it can follow the flight of song?

Long, long afterward, in an oak

I found the arrow, still unbroke;

And the song, from beginning to end,

I found again in the heart of a friend.



Henry Wadsworth Longfellow (1807 - 1882)

Nolite dormiens pungere ursum. -- Latan Proverb.
  • #14
  • Jan 3, 2006 1:31pm Jan 3, 2006 1:31pm
Poem lyrics of The Arrow And The Song by Henry Wadsworth Longfellow. I shot an arrow into the air,
It fell to earth, I knew not where;
For, so swiftly it flew, the sight
Could not follow it in its flight.

I breathed a song into the air,
It fell to earth, I knew not where;
For who has sight so keen and strong,
That it can follow the flight of song?

Long, long afterward, in an oak
I found the arrow, still unbroke;
And the song, from beginning to end,
I found again in the heart of a friend.
  • #15
  • Last Post: Jan 3, 2006 1:32pm Jan 3, 2006 1:32pm
beat me by about 10 seconds.
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