I've been participating and reading with interest, but I think it's a lot to wrap one's brain around. Perhaps that's why there's not much response. The statistical nature of this approach is not visual by nature. Trendlines, indicators, etc are easy to visualize and hence discussed more frequently on message boards. I've had to re-read from the beginning 4 times now to get the concepts straight. I think I have the basic idea down enough to actually paper trade.
Yes, you should not have to reread four times. I reread two or three times and I still was not able to understand the process. I think because of all the confussing terminology. I am very interested in the concept. I would like someone to explain the process using less confusing terminology if they would please. Thanks very much NUTSNEAL
good im glad i have people listening let me know you guys are alive out there and if you have any questions about anything please feel free to ask about anything i wanna be as clear as possible. as ive been just kinda going through the basic concept and how the basic concept can be traded off the bat ... i dont like examples from past charts with rearview explanations or theory that is never traded for profit or those trades never shown. i wanna make sure everyone gets a good foundation for the more intense stuff. so ask away ill take the time to explain.
which part are you not yet quite understanding? concept? preparation/spreadsheet/research? or application?
nukethewhales31 Would you please define the terms you are using and then give another example. I still don't understand the process and I doubt that I am alone. It does look like a very interesting concept from what I can make of it. Thanks NUTSNEAL
sure ill go through one from the beginning but as there is nothing going on in the EU/USD ill have to post a historical trade not live.
we'll use this chart this is EUR/USD from jan 4th - jan 8th were gonna prep up for the next candle not shown on the chart.