AMAZING Strategy!!!

I've been backtesting this system on EU...
Waiting for a candlestick confirmation after the daily low (I prefer not to take short opportunities since we're in an uptrend) I get 100 % profitable trades. Overwhelmingly, each one is a winner (only EU trades - remember that other pairs should be backtested before entering trades on them)!

I only trade bullish engulfing candles because it shows me that buyers step in to take price higher from the daily low...
Not every day theres an opportunity, but I seriously think about trading this system live =)

I know Merlin is a very cleaver guy,but seriously does this actually work,IF so can someone share results.
thanks

They cannot answer that question because nobody has posted any indicators for IQ.
Besides, what is the best timeframe to measure it?
Is it necessary to count support and resistance in?

I actually had an IQ indi for a while, unfortunately it also plotted moving averages for my IQ....After staying below average for a period of months I removed the indi's.

Being dumb is much easier than being dumb and knowing it.

I think it is time to write an EA for this. Can you share the code?

Hello Low, hello traders!
Low, would you mind sharing your iq indi?
Maybe I could apply it to my brain to know when its time to stay out of the market!

In the year 2525 when all the silly charts and EA's and the same 10,000 questions about The AMAZING Strategy!!! have all been asked and re-asked, posted and re-posted for the 10,000th time with the same answer (Read Post #1...) you will still have to have your very own "Aha!! moment...

Only THEN will you see it.

Fortunately the camera was rolling when the AMAZING Nickle!!! dropped for George while simply eating dinner of all things.... Hang in there Seekers, this could be You someday...

In rereading this thread that spans 6 years now, and in an effort to contribute to getting this thread Back On Track ((and even more importantly Keeping it there... Thank you again Twee...)) I realized there's nearly always been some significant MISSEDunderstanding (especially recently) about the part that Indictators play in the proper functioning of The AMAZING Strategy!!!

Folks keep getting all in a Dither over them for No Good Reason other than Merlin said to put a couple of the things on your 1hr chart in Post #1... specifically an RSI and a MACD.

That's cool but it appears the Problem is that nearly everyone who has defended or advocated the use of the things based on Post #1 have still Never Really Gotten It.. An oft repeated Reply to many Seekers by many Responders over Time here has simply been, still is, and will be...

"Read Post #1 till you get it..."

...which is significantly DIFFERENT than reading Post #1 and seeing what you Want to see, what you Think you saw, or even worse, what someone else Thought they saw...

Pay attention cuz here's the Thing... :nerd:

YES.... Merlin said "use 60 minute chart with the MACD and RSI on the chart." ((Of course he did... drives the Borkers nuts trying to trade it...))

No... He never said You should look at "them".

No... He never said You should actually use "them".

No... He never said what settings "they" should have. Like what Sense would it make anyway for NORMAL Indictators to have NORMAL settings on something like The AMAZING Strategy!!!??? That would be an Oxy-Moron

Yes... He has already confirmed all that.

What he did say was..... ((wait for it...)) "Watch the "chart" and look for {Price} to hit it's HOD or LOD..." Even then it required a confirmation signal on another TF (the 1m) and the confirmation was Price, not any Indictators.

Why would the Wizard do that? Well... I would Never try to explain anything a Wizard does but I do think it helps to direct Attention away from the simple Brilliance of the thing and helps to keep The Rash, The Hasty, and The Lazy at bay on the other side of the Moat.

One need only slow down, breathe deeply, remember to and clear one's Head(s) of all preconceived expectations and simply "Read Post #1" until one Gets It.

Once the AMAZING Nickel!!! actually drops and you finally "GET IT!!!"... at that moment your life Changes and No One can ever take your AMAZING Aha!!! moment away from you again, not your borker, not your forum buddies, not the forum trolls... no one.

Merlin hisself confirmed this on at least two occasions ((but I won't say where)) so for me at least it's already a settled issue. It's not hard to find and while you're looking, there's a few other nuggets laying on the ground in Plain Sight there to pick up which I'll leave for whosoever will. There's even a secret Keyword that has only been mentioned 6 times by other traders {{ once by yours truly }} that should put Everything To Rights for you if your Whirled is still tilting dangerously Off Axis from stumbling into this thread.

That's crazy when you think about it... one critical little word only mentioned a half dozen times out of almost 1200 posts and over 6 years. Yet it's right there in Post #1.

I have NO Worries here of debunking this whole Indictator 'Urban Legend' which has plagued this thread for 6 years but has been hiding in plain sight in Post #1 all along, been reposted dozens of times, and fought over to The Last Man Standing becuz people that use and see Indictators will simply use them whenever they see them. I mean... why else would they be there??? It's what people do... Borkers count on it. I've done it and so probably have you. Nothing AMAZING!!! about that.

Constipated Brains may require a second or even third flush. Worse case scenario... call the Roto Rooter guy.

Well over a thousand posts later, look how many people still get Discombobulated over the whole Indictator thing and head staightaways to the nearest Pub muttering to themselves with glazed eyeballs and cussing all wizards everywhere... Bless their hearts.

So to summarize and Clearify... regarding the actual USE of InDictators on The AMAZING Strategy!!! past, present, and especially Future...

((Read Post #1...))

This is a scan of my local newspaper.

Aha !!!

Still a JOKE ???

Ya! Still a Joke. Not Me. ....

Now, that is funny.

How did you do that?

Hello,
This is my first post after months of reading, learning and trying many sistems. Thanks to all of you who helped newbies like me. I'm still learning and trying to understand this amazing system. I found something similar and I need you experts to tell me if I am on a good direction.
EUR/USD
I am GMT+2. So my day starts at 12:00 am. I watch for the previous day's high and low; and today until at the same time if the high is the same like as yesterday I go short, else if today was a higher high than yesterday I go long.Same for yesterday's low. TP 20 pips.If yesterday's low was first today I will compare at that hour with the low.else I will compare with the high.
Sorry for my bad english and hope you to understand what am I saying.
Please give me some indications.
Thank you!
Emi

Dear Padawan.....

My sugestion is to read the first 2 pages again, that's all clear there... you may get the grip of the AMAZING... in fact the first post....that's all you need...

HT

Thank you HouseTrader.

I have read it many times. I understood that once the day started the first bid/ask that trades at 5 pm EST constitutes the high/low of the day. Every move after that will make either a new high or a new low.

1. I don't know how to determine if it is the high or low of the day or to wait for the next candle.

Is this a fix hour that depends on an yesterday's time or candle? or I must look just for current day at high/low that formed?

Please give some help. I'm trying hard every day 12 hours.

There is nothing similar...

There's only The AMAZING Strategy!!! and then all the rest of them.

I see that Merlin carried through on his threat to use his powers to clean this thread up

Hi,
Still a lot of confusion. Let's say the day is Day 1. You keep track of the days high and low til 4:59 Eastern Time. The new day is Day 2 at 5:00 Eastern Time.
Ron

No. Read post #1 again.

No. Where did you see it?

Need a little bit more help than page 1 and 2. Nobody wants to help and who is writing something is not good.