So, where does all this leave us? Sometimes we have too much information and we may create “our own noise.” Sitting in front of charts is much more painful and it may not be worth its while. Perhaps we are not as clever as we think we are. Perhaps ...

The "You can't be serious" system

DOW: image DAX: image Gold: image

The "You can't be serious" system

Not bad, considering that you could achieve this with “zero effort” and virtually no brain power and agony! What if we applied the PA “magic” instead? This would have been a very frustrating day for our "superior ...

The "You can't be serious" system

Equity indices: image image Gold: image

The "You can't be serious" system

This was an interesting day and a good opportunity for some more observations. Let’s stick to 15m, for some continuity. Let's start with the SMS. What happened to our portfolio? NOTE: let me remind you taht we can use any instrument we want. I have ...

The "You can't be serious" system

"And with regards to the trade feedback, I was surprised you seemed to be able to read minds." Nitethinker, I can’t read minds, unfortunately. It’s just that I have been in this ...

The "You can't be serious" system

That "ugly" USDCAD chart made me uneasy! To finish the day on a good note, and also to reply to a question I usually get (although not necessarily on this forum) I leave you with an example of what could ...

The "You can't be serious" system

USDCAD Nitethinker, I must say I am really impressed with this trade! A look at that chart makes me sick! This is what a trend follower/breakouter does not want to see. I would have bailed out at BE long before the attempt to PP and BRN. I admire ...

The "You can't be serious" system

Hey, Nitethinker, good stuff! I really have nothing to add to your analysis. Nothing more to teach you, I am afraid! I would not worry about too many charts. As they say, a chart is worth more than 1,000 words (10,000 words in my ...

The "You can't be serious" system

Let's go to your second pair: EURJPY This would have been one of the easiest trades today on 15M, right? One single trade, long from London open till basically now, for at least 61 points! That’s the moneyshot for today! Right? ...

The "You can't be serious" system

Nitethinker, you always produce good points for discussion. Thank you. The idea of using multiple time frames is a well known and well tested one. The problem is that it may be confusing as it could give contrasting signals. This is a nightmare for ...

The "You can't be serious" system

Going back to your actual question, on the tighter SL placement, I am not sure I understand, but that is because it depends on what kind of risk management you use. This is a good opportunity to talk a bit about risk and trade management. I ...

The "You can't be serious" system

Nite, on your second post (the chart of 1H SMS EA), you highlight an excellent point that I will never be tired to stress. Sometimes our "superior knowledge and analytical skills" will perform worse than the mechanical ...

The "You can't be serious" system

Hi Nite, thank you very much for your great posts! Excellent analysis on your charts. I think I would have done exactly the same, based on hisots and PA. I like the idea of taking profit at that level. First you have a reference (last high); it is ...

The "You can't be serious" system

Gold image The moneyshot! Some of you may remember that in previous posts I showed how Gold was not performing very well with this system. What about now? Short from Monday to Friday! OK, a bit of luck with the “not ...

The "You can't be serious" system

DAX and Dow image image Indices, with their higher volatility, their spikes and their crazy sensitivity to any kind of news are trickier customers. However, the rewards could be quite handsome. Again, these 2 are supposed to be quite correlated, ...

The "You can't be serious" system

EA image The thing to note here is how different the chart looks compared to the previous 2 (3) FX pairs. This confirms the lower correlation and helps smoothing the overall returns.

The "You can't be serious" system

USDCAD image Another example of “unlucky” entry. This would probably hurt more: short just 2 hours before and triggered by a tiny a bunch of points. Notice again the poor performance in sideways markets.

The "You can't be serious" system

Let’s start with cable: image I would like to point out a couple of things here. First a reminder: some times you may see what looks like a signal from the histograms but no trade. That is because in order to activate the trade, the signal has to ...

The "You can't be serious" system

Let’s start from the end: results. I have kept note of the trades that the SMS would have taken over the past week, trading 24 hours a day (hey it should be your computer doing all the work, so relax!) from 8am London time on Monday to ...

The "You can't be serious" system