Brilliant Charts system preview and announcement

I'm happy to announce my best and final trading system, that I've been working on for a few years. My goal is to release a complete, coherent trading system, that handles trend, momentum, news, correlation, volume, timing and money management, a system with a clear set of rules that helps you stay ahead of the game and even tells you when NOT to trade and what is the best pair to trade based on trend and range.

Any future upgrade will be included as an add-on module to Brilliant Charts. I am not sure about the release date yet, but it won't be long. Meanwhile, I would appreciate some comments/feedback, if you are interested in this.

The current modules are:

- BumaSoft Nostradamus (advanced forecasting module)
- BumaSoft Sign of Strength & Sign of Weakness indicators
- BumaSoft Planetary SQ9 tailored for multiple timeframes and with automatic GMT detection
- BumaSoft No Trading Days module (handles news events and tells you not to trade on FOMC, NFP, Bank Holidays relevant to the current pair etc.)
- BumaSoft Currency Strength Board
- BumaSoft Strength Oscillator (shows the strength of the base vs. quote currency)

After the first version is stable, the system will be forward tested on my live account.

So, how does that work Buma? Some neural network?

Hi, ilovepippin'!

No, I don't believe in neural networks. It's based on timing and the old adage that Gann used to believe in: "history repeats itself". Can't disclose the algorithm, but I can say it doesn't use neural networks.

PS: I haven't forgotten the Natural Cycle updates you sugested. I quit my job recently, so I will take care of these soon.

Happy trades!

Hmmm something like this then:

Couldn't have said it better

JPY Bank Holiday today and, according to Brilliant Charts, our best picks for today ar EURNZD, GBPNZD and NZDCHF. The NZD is very strong.

I thought I'd perform a scalp "stress" test on my Brilliant Charts system. Three quick trades on the 1 min EURUSD chart yielded 23 pips:

Another quick 20 scalping the brilliant charts

More progress with the Brilliant Charts, with this new and helpful tool, the Dashboard:



Don't forget to sign up for free at TopLessons, if you want to be the first to find out about the upcoming release and get a discounted offer.

Cheers!

Can you tell us a little on how this system works?
Where did you enter and why, and where did you exit and why?

Thanks.

Hi,

Entries and exits are on the chart. First one was a breakeven short (only because price tested the entry price before falling back down), then a long scalp followed by a short scalp.

Reasons for first short:

- price just shy below one key brilliant charts level, the 1DH;
- price hitting a key VWAP line (red line);
- this happened at the start of a new hourly cycle on the 1 minute chart;

Nevertheless, this was countertrend, which is why I was more agressive with securing my stop loss, which is why I got out breakeven instead of positive pips. But that's bound to happen sometimes

Reasons for long entry:

- price hitting planetary SQ9 level;
- price just shy above a key VWAP line (green line);
- timing was not perfect, which is why I took an early exit, anticipating the short on the next hourly cycle.

Reasons for the next short entry:

- price testing a key time level as resistance (dotted light blue);
- price hitting descending trendline (if you join the latest significant highs, you get a trendline where price hits);
- this happened at the start of a new hourly and 4 hour cycle.

The currency strength indication wasn't helping much in this case, since we had small ranges and the USD and EUR were almost of equal strength overall.

There's a bit more to it, but I hope that helped.

Cheers!

Well, it did take longer than expected, but here we are. The Brilliant Charts page is ready and the system is beautiful. You can read full details on Top Lessons In Forex, including screenshots and videos (more coming up next week).

Happy trading, everyone!

Here are a couple of videos showing some live trades using Brilliant Charts trade setups:

1. The Agressive TTS Setup (Time & Trend Snap)
2. The LP Setup (Late Party)

I am working hard on the user guide and video documentation. Please check out the Top Lessons website regularly for new information.

Enjoy your trading!

Check out a new video demo of the Big Bang Setup, based on:

- frequent tests on a key level, with smaller and smaller rejections;
- overall trend supports the breakout (pricec above/below daily VWAP, above/below 1DH/1DL, above/below the open of the day, in line with currency strength oscillator etc.);
- preferrably, the Fourrier Forecast should back the trade;
- significant amount of space up to the next key level.

Full description and video here: http://toplessons.in/forex/blog/bril...breakout-trade

Hi, guys,

Just thought I'd share an interesting article (I think) with you. It will no doubt help some and maybe irritate others

http://toplessons.in/forex/blog/budd...oison-delusion

Enjoy your trades!

Just released some significant updates to the Brilliant Charts users. More information on the Top Lessons website.

Our Nostradamus Forecast seems to be pointing to a bigger retracement to the upside on the EURUSD. We are also at a significant Daily support level (1.2750 - 1.2760). Take caution with your trading today, as we have the US Presidential Elections. The market is waiting for the results.

Enjoy!

Retracement to the upside came as expected, on Obama's second win

Hi, traders,

I'm sharing one free cool tool I coded today, to help you stay on the right side of the market while you trade. It's called the Brilliant Trend Monitor and it's part of the Brilliant Charts package. You can download it here, without having to register or give any info in exchange: Brilliant Trend Monitor indicator

Also, make sure to read this article I wrote about trend, bias and how to gauge the probability for a support/resistance level to hold or break: Bias and market structure 101

This will be highly useful no matter what system you're using to trade.

Hope you all have a fantastic week!

Hi again,

Here's a cool EURUSD daily template you can use to see where the major areas of supply and demand are for this currency pair, based on market geometry. It's attached to this post. Enjoy!