Scalping eur/gbp with a proprietary neural net

Over the last month or so I've had very consistent results scalping eur/gbp.

What is it?
But its from a neural net app called Nostradamus (accessable from a browser via Java applet) that I get the precise profit targets. Basically it spits out its predicted levels. Based on the predicted levels I then manually decide which way to place the trade. Common sense to me.. all you have to do is go short or long towards a price level thats the farthest from the current price action. With all of the craziness in the euro there are times when i avoid it. But mostly, its a pretty mechanical strategy... I like to place the trades during afternoon NY or start of Asian session. This is just one a few ways to trade the system.

The program has several thousand users around the world and has been used for over 15 years.




Most find the compass tool the most effective indicator. Obviously red means it has a strong probability of continuing to go down and opposite for green. The compass value is the quantitative value generated and the one the be watched.

You can also use the yellow line price cross-over as a trigger. When it crosses price, this is usually the time to get in on the appropriate side of the trade, as it is inverted to the price direction.



To me this is what currency trading is all about. Not trying to hit a grand slam everyweek, but getting singles everyday. When you are trading 20/30 regular lots getting those consistent 10 and 15 pip moves will make you very rich.

Will be posting more on how I use the system before the new year since things are so slow, not a good time to trade.

I will also be starting a Skype room once things get going. Thank you.

Precise levels are mainly on the major pairs, but on the crosses you do still get the yellow inverted line signals, compass and a high low level line.

As for my background, I trade several different types of forex systems. There is of course, several ways to skin the forex. I usually abhor paying for any trading product because so much is available for free. But for me, this is the one exception because I can justify the results directly with precise profit targets that usually get hit or very close to it.

I pay attention to the stock markets quite a bit and the VIX (You can get this free using a demo from Broco). This helps to guage volatility and helps justify entry and stop levels. Obviously, if the Dow futures are soaring higher and I'm near a 2 hour predicted low, it would not make sense to go short. If the eur/usd o gbp/usd is going bonkers higher or lower this always needs to be noticed and appropriately applied into your strategy for the session.

totally forgot about nostradamus i had a demo a few years back and now i have tried again,but like i expected i did not get it this time.
i am interested in it still so i will check ur thread often to see how it goes with your trading and what your standpoint is on nostradamus
pls keep us posted and good pippin to ya

Hey actually disregard my last post. I will shortly have a URL that I can provide to you which will allow you to register for a new 2 week trial. Please wait a couple of days and this will be provided to you.

looking forward to your link thanks

Please register here

http://www.financialpredictions.com/dineshprasad/

http://www.nostradamus.co.uk/cps/anc.htm

The markets have evolved, with electronic pricing making it harder to get a 'feel' of the timing and extent of market movements. Such 'chaotic' markets are frustrating to trade, and traders are struggling to achieve targets.

Traditional technical analysis is universally available, and a large number of traders are now watching a limited number of indicators, creating a self fulfilling pattern of false breakouts and corrective moves caused by a buildup of similar positions.

At Nostradamus we will give you a new edge over the market by using neural networks to select the best indicators to predict into the near term future, based on a detailed examination of their performance in the past. We have the ability to test millions of combinations of indicators, indicators on indicators, and optimized parameters within those indicators.

In doing this, we are not aiming to replace the human trader, or create a 'black box' system, but rather to offer an extra tool that will give an unbiased view to help or confirm your own decisions on opening or closing risk positions.

Given this, I do use Nostradamus with other indicators. What some people don't understand at first is this isn't meant to replace the way you already trade. What you see within the APP is a 5 min. chart. However the high-low resistance lines are calculated on multiple timeframes. If you trade the shorter timeframes, I'd say 15 mins or less you can basically trade off the compass. Even for longer term range traders too, the information will filter your entry to make sure you don't get wiggled out of a position shortly after entry when its likely to turn in your favor.

Anyway, I like Ichimoku along with confirmations like MACD, stochastics, Laguerre and Fisher Transforms. Using this WITH Nostradamus has really turrned on my profitable trades. Entries can be very obvious to us all when manually trading. This will give you the confidence you need to let your winners fully capitulate.

Watch this space for updates on a Skype Chatroom for Nostradamus!!

im trying to get another free trail again ...thnx

Great let me know if you have any problems.

once again igot denied...pitty coz i would like to try nostradamus again

try another email address