Indian_Batman wrote: Mon Aug 19, 2019 3:50 am
Sir,
Can you outline the strategy for entering and exiting the trade, I have gone through all the previous reply but doesn't find any
Otherwise it lead to subjectivity and reduce the efficiency of this gri8 system.
It is not a buy or sell signal type of a system... As there's no system (in my retail trader standpoint) that works every time. Then with Technical and Fundamental aspect... there are too many variables needs to consider... Such as behavioral or psychological aspect of a trader, the capital invested... etc.
How I used the system:
1) generate my well-informed sentimental or speculative bias (fundamental analysis, data/information gathering, current market sentiment or speculation)
2) identify confluences in a technical manner (now using this system)
a) identify price inflection points
b) identify the current trend or using the volume profile to verify the current state of the auction process (google or youtube it)
c) identify the current range... to gauge my position size
d) identify where do you think is the best entry (it requires greater experience in using tools like this system)
Here are some of the information you may need to study: (use google and youtube to search for everything you can identify with this system)
─ Using Volume Profile and VWAP
─ Jperl VWAP or Market Statistics
─ MIDAS trading system
─ Heiken Ashi APB
─ APB & PAC (Price Action Channel)
─ Neural Network
─ MA crossings
─ Using the TDI
─ Using the D.O,T,.S. Method
─ Using Pivot Fibs
...
...
...
etc.
If I put everything there for noobs to understand this system, It will be a humongous effort from my end with just a free system that I collated, fused, modified and made for free. One needs to work or put some extra effort..., be passionate and do some research and study of their own.
If one can't still see the obvious with this system... just move on to find another system as this system requires greater experience. And that's how it is, a dynamic system wherein one needs to generate an optimal strategy from their own understanding/prerogative in using this system.
Since Frank Sinatra sings in his own way, my charts sing... ♪ I did it, My... Way... ♬ ; )─