|
It was losses for me as well during the 2 or 3 days last week. But it was one or two very profitable orders so it is ok (on jpy for example). During the 1-2 last weeks not all the pairs were tradable. Besides please not that NonLagMA big and AbsoluteStrenght indicators are just the filters only and the price may move anytime anywhere because the main indicator is the price itself. Of course it is very informative indicators especially AbsoluteStrenght indicator.
And we have Fibo-Pivot to reduce the losses.
I said in some post that we can not use this system every week.
I always look at Ichimoku D1 chart (attached). It was for EURUSD for example the following:
- price went into cloud (not trading);
- then price went out of the cloud for some time but no any buy signal on Ichimoku D1: white line crossed the price once only but white line was in horizontal way).
What does it mean?
If the price is in cloud so it is flat if the cloud is thin, or it is choppy market if the cloud is wide. Anyway it is very dangerous to trade if the price is in the cloud.
When white line is crossing the price in almost horizontal way (on closed bar) so it is flat and not strong signal. It is not trading days as well.
Anybody can estimate the dangerous market and non-trading days/weeks. It is not difficult.
Most difficult situation was on GBPUSD (see image attached) and USDCHF. We could trade USDJPY (see image attached) because it was uptrend but the border of the cloud is resistance line and this border came down (resistance line) so it was not easy as well.
Because ASCTrend system is working well when the trend is established already and it is our resporsibility to know when to use this system.
Last edited by newdigital; 07-16-2006 at 10:52 AM.
|