Thanks to the process of self-publishing a book explaining my approach to Forex trading, I finished validating all my settings last week and have nothing else to do now other than entering positions when everything is aligned and exiting when it makes sense to do so. (I'm currently short USDJPY from around 109.97, with a tentative take-profit target near 109.16.) I therefore popped back in here out of curiosity to see what was going on, but it looks like IAlwaysWin hasn't been here since May 12th. So, what happened to, "…on Tuesday I'll post a few live signals on this thread"? On May 9th he wrote that he would be buying EURUSD 8's, 5's & 3's, with the Euro-U.S. dollar opening the next day (on May 10th) at 1.2159, and then dropping down to 1.2050 by May 13th. My numbers suggested buying EURUSD the next day, May 14th, after it cleared my "buy zone" between 1.2054 to 1.2078 (see Post #54 in this same thread). The pair is now up to 1.2197. So, I was expecting to see something new posted here from IAlwaysWin, given how he has cracked the "real Holy Grail." But, it looks to me like he's contributed nothing new since May 12th. (I see he has another thread titled “MTF Holy Grail Forex Strategy” along with one titled “Perfect BO Signals for 1 Month – Is this the Holy Grail?”) Though I don't quite agree with Ponmo, I sort of get where he's comeing from… For me at least, there is no one single Holy Grail. To me, it's more like what I get from the Shadow Trader, Peter Reznicek. There are any number of factors, or data points, impacting on price, with the Holy Grail being the ability to figure out the correlation between them. It's all about interpreting what's happening at the moment based on market generated information, which I interpret as technical analysis. (I don't trust what Reznicek calls non-market generated information, provided I'm not mistaken in assuming what he's talking about are the fundamentals.) It comes down to what James Dalton called "ruling reason," or the current ethos, zeitgeist, feel, and/or tone presently driving the market. Reznicek writes that it "can be something as simple as 'the market wants to tag this particular psychological level,' or more nuanced like underlying Fed policy or heightened sensitivity to news events." Yet, like I said, I don't trust all that stuff. For me, ruling reason simply comes down to the mathematics—it's the numbers—the correlation between the market generated information mentioned earlier, the summation of all those correlating data points, plain and simple. That's how you crack the Holy Grail from my experience. But, then again...that's just me.
I forgot to paste this image in my previous post. This is where you wrote that this time was going to be different...
I find IAlwaysWin’s threads to be mildly fascinating because I share the enthusiasm I detect in his comments related to unlocking "secrets" which lead to success in the Forex market, not to mention the positivity that characterizes his attitude regarding whether this is even really possible (unlike so many of the naysayers that troll this forum). Twice I have looked forward to getting a glimpse into how he does it—if he has actually made this a reality—but both this time and the last time I have not seen the subsequent posts that would have led me to believe he is really on to something (though maybe his is). In any event, as I near the end of my own journey, I wanted to compare what I've found to what IAlwaysWin typed in this thread's original post. Whereas he stated that "the power is in the price range the market is trying to avoid," the way I trade is just the opposite: The power is in the price range to which the market confines itself… However, I do in fact agree that it essentially comes down to calling tops and bottoms, which is what price ranges equip a trader with the power to do. But, it's not by using numerology, which I understand to be the occult significance of numbers. (I hope that was just a joke!) Rather, it's based on mathematical odds and statistical probability—on numbers pulled from historical price patterns, from support and resistance levels, and from the parameters of associated waves and cycles rather than "positions pulled from the ether." And while I got to where I am by using custom indicators, now that I'm here, I have zeroed in on a set of standard indicators that are able at this point to take over the job just fine, thank you very much. So then, I've seen with my own eyes how it is indeed possible to do what IAlwaysWin has repeatedly written about. Nonetheless, up to this point, I just haven't seen quite enough evidence to convince me that he himself is actually doing it. (I'm looking forward to seeing you make me eat my words though, bro.).
On second thought, this is not exactly true, because while the indicators I use in the main chart window are standard more often than not, those that I use in the lower panel (which are technically optional) tend to be proprietary indicators that I have coded myself.
Perhaps I spoke too soon in that there does not seem to be any standard indicator that can replace the one I coded below, which is emerging as one of the most valuable among all those I am currently using...
For me, the Holy Grail looks like this at the micro level... ...like this at the intermediate level... ...and like this in the grand scheme of things...
Three years later, this is what it looks like today... Hopefully, you're out there somewhere enjoying your life (IAlwaysWin) as a "filthy rich" investor. That's NOT where I am, but I'm nonetheless pleased with my progress this year, and am anticipating "great things" in the not-too-distant future—God willing. May the force be with you, wherever you are. Live long and prosper!