Trade 2: you are flat and have a buy signal just below a BRN. Not a great idea. In fact, you see how the market does not really clear the 1.3800 BRN and it is actually pushed down after 2 – 3 attempts. At 2a the signal is refreshed and you actually ...

The "You can't be serious" system

Stage 2. Let's put some psychological levels on the charts and see what happens. image Now, let’s look at trade 1. You enter short at about 1.3745, say. In between 2 BRN, good enough. Nothing happens for a while and then there is a spike down that ...

The "You can't be serious" system

So, signals 4, 5 and 7 are not actually triggered, in an always in strategy you should not reverse and the system waits for the next valid signal. I have made some quick calculations on this chart. The “stupid” mechanical strategy would have lost ...

The "You can't be serious" system

Let’s get our hands dirty and lose more readers. Ready for binge thread porn? Ex3m6 (surely a nerd even more than I am, with that nickname! Kidding: thank you for posting and asking!) posted 2 charts. Let’s take the GBPUSD 4 h charts. I ...

The "You can't be serious" system

Oh, mon dieux, de nouveau! People, I hope you appreciate the unmatchable level of sophistication this thread is achieving! Rarely a thread has been more international, providing multilingual services, and not just any language! French, adding that ...

The "You can't be serious" system

How does all this help? Potentially in many ways, let’s focus on one, for now. Let’s go back to the “not so good” chart that I showed in post 63 (what???63?? already??? Time flies when you have fun!!) image Let’s focus on the long side. ...

The "You can't be serious" system

I will follow up on point 3 above: Other levels that you can “easily” identify from your chart (the emphasis is on “easily”.) This is where we start introducing discretion, and where all the problems linked with it start. 1) Pivots and BRN are quite ...

The "You can't be serious" system

Exactly. Always check if they are relevant, though. I am not using any specific tool because a guru told me to. I read, understand and above check if it actually the case. Monthly Pivot may not be as effective as daily. Make your own observations.

The "You can't be serious" system

It does not matter. I am deliberately omitting time frames, because it applies on everything. There are differences in approach if your are using daily or weekly charts, of course (Daily pivots will be a silly thought), or you may be away from any ...

The "You can't be serious" system

Here are some examples of Pivot points and other psychological levels. UC image GY image EA image Impressive, right? I know, I know, pleasepleaseplease, I know this is ridiculously oversimplified and I have read the literature on these things. ...

The "You can't be serious" system

Enough about clarification and disclaimers. Let’s look at some charts. Here is the basic, always in strategy, as we defined it so far, at work. These are the money shots, the charts I would be using if I wanted to sell the strategy for $$$$$. DAX ...

The "You can't be serious" system

Now, where do we go from here? Learning from politicians, big companies and institutions, after apologising for any misunderstanding and inconvenience this may have caused, I could go on as usual. After my deep insight, however, I think I ...

The "You can't be serious" system

I love this! 1) Le celte, how masochistic can you be, keeping reading stuff that gets on your nerves on a thread that has ...

The "You can't be serious" system

After a session with my therapist, he suggested to re-iterate the message in a clearer way, but also do some soul searching (the cheeky b.....!) Let’s get back to basics (I am sure at least one reader will love this!) I was thinking about a thread ...

The "You can't be serious" system

To use a millennials' expression, Oh… my…. God! What have I started? Now I understand what some people warned me about when I was considering opening this thread! It's extremely interesting from a sociological point of view but daunting and ...

The "You can't be serious" system

Oh mon dieux! I am really confused on what to do with you. I like peculiar characters and I welcome constructive criticism, but I am not sure you qualify to be in either category. But I always like to help distressed people, so I will try to be more ...

The "You can't be serious" system

Thank you for your indicator. I am a sucker for volume analysis and…..ah, this is a juicy bite for me to launch on another long lecture!!! I won’t! I would just say that volume would add another dimension to the issue. I am trying to illustrate a ...

The "You can't be serious" system

One "secret" (bwhuahuahua!) revealed. The MAbuffhist indicator is nothing else than a histogram representation of the slope of a moving average. (smart stuff, OD, almost there!) It changes colour when the slope (or direction) of a MA goes from ...

The "You can't be serious" system

Wow! I was not expecting such a response! From dogs to cats and everything in between! We even have another "camp anagram"! Thank you all for your feedback and support.

The "You can't be serious" system

Thank you very much AlienDog. If it continues like this I should rename the system : the canine system, or the geriatric dog system! Thank you Kiwi_trader. I like Sierrachart. I used it in the past. I hope you will find this thread interesting. ...

The "You can't be serious" system