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watcher

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Posts posted by watcher

  1. Re: McDaddy Trading course -Price Behavior

     

    Could not make KMPlayer either. The description of this product does not list m4b files. When I tried several ways to use the player it did not recognize the files.

     

    Have you actually played these files with this player? Trying to figure out why others can play these files on Windows7 and I cannot.

     

    Will try the adobe product next.

     

    Actually is the method worth the trouble?

     

    Thanks.

  2. Re: Forex Profitmonster manual system

     

    Thanks for this. It saves me spending any money on iy. I really do not see it as a profitable way to trade. I did not do a detailed analysis because after looking at several trades the seemed no point...This gets you in way too late in most cases. By the time there is an exit signal any gain has bee lost. If there is a big move it will take a few PIPs.

     

    Thanks for the upload. Not for me, but at least I know.

  3. Re: Black Dog System FULL

     

    After looking at the Black Dog for a couple hours (short time, I know) it seems to me that there are not a lot of SES signals and a lot of good moves are missed.

     

    I think a couple of the other entry signals may produce more profits. If the market takes out a previous high or low (in agreement with the latest Black Dog, that seems to be a decent entry point. Basically this is trading Ross Hooks in the direction of the last Black Dog,

     

    The method I like the best, right now, is his hi/lo entry method. On the charts I have looked at, this seems to be pretty decent. I have looked at exiting if the price exceeds the previous bar against the trade. I really am not comfortable with the price moving against me whether I have a profit, or not. It does not appear that the position of the MACD has much importance. I did always use the latest Black Dog to determine direction.

  4. Re: Forex Bible System

     

    a777

    I do not think there are any indicators or a template included. The tools are all pretty basic.

     

    The odd thing is that he is selling this as a forex system and TRIN, TICK and volume are all stock market tools. Even gaps are primarily a stock chart analysis tool.

     

    The only other indicators he uses are moving averages and their interpretation along with candlestick charting. I saw a couple interesting ideas, but think that it would be hard to emulate his trading.

     

    Would not buy the system.

     

     

    A few days ago I made the above statement about the bible system. It was not correct. I bought the system from someone. The problem is that whatever they gave me, it was not the bible system. My comment was based on what I received.

     

    After looking at the real Bible system I cannot see that it is any thing special. Like a lot of methods, at first glance the buy/sell point look good. When you look at where the actual entry is and the actual exit, they are actually pretty poor.

     

    This is not a system that I will waste any more time with. I will also try to get my money back from the bogus seller.

     

    Sorry about my earlier odd post.

  5. Re: ForexGrail-The Incredible New Trading System

     

    The instructions and charts for this method make it appear to be a decent system. I do have a problem with line charts.

     

    Until the bar is finished the line continues to move to reflect the last trade. It seems possible that the price can move through the 50SMA triggering an entry, then move back through the 50 SMA. This leaves you with a trade that is not triggered at the end of the bar.

     

    Even though he says the method works on all time frames, maybe he sticks with the 5 min because the moves are smaller and the price may be less likely to exceed the 50 SMA by 6 PIPs and reverse.

     

    I like the simplicity of this but the end of the line is continually re-painting. This creates a problem for me.

     

    Has anyone tried this and determined its value?

  6. Re: Black Dog System FULL

     

    Right, or wrong, I would have tended to stay away from this last signal on the EUR/GBP. The bar after the signal bar was pretty long. After a bar like that the market often retraces or goes into a trading range. This in addition to the requirement for a very distant stop loss would concern me.

     

    Another consideration. The way I read page 30 of the instructions entry is made only on a take out of the low/high of the bar that meets all of the conditions. The high, or low, in this case, must be exceeded by 2 or 3 pips. I do not think this was done in the above example. The way I read the instructions, this short would not be taken.

     

    For the charts I have been watching, It appears to me that The alternate entry methods may be better. I have found very few red or blue arrows that that qualify based on the MACD.

     

    I am still undecided about this method. The seller insists that he makes money using Black Dog. I believe he does. If he does I should be able to make it work also.

  7. Re: Forex Bible System

     

    a777

    I do not think there are any indicators or a template included. The tools are all pretty basic.

     

    The odd thing is that he is selling this as a forex system and TRIN, TICK and volume are all stock market tools. Even gaps are primarily a stock chart analysis tool.

     

    The only other indicators he uses are moving averages and their interpretation along with candlestick charting. I saw a couple interesting ideas, but think that it would be hard to emulate his trading.

     

    Would not buy the system.

  8. Re: Automated System or Manual System?

     

    In the log run I doubt that an E.A> can work. It is just make able to adjust when the changes. I have tried several E.A.'s, some even worked for a time. When the win/loss ratio change I suspended use.

     

    The market can only go up. down or sideways. How many indicators do you need to see what is happening? Only a few or none. probably the best systems use no indicators and are manual. See Joe Ross.

  9. Re: Forex Bible System

     

    The chart is actually not the FOREX Bible system. The chart is of the Daniel Private system.

     

    This is a separate system that is provided by Daniel Robinson, the seller of forex bible system.

     

    The Bible system is pretty basic. Probably things you have seen before. Still it is more interesting than many others. Daniel has some different insights for reading some of the basic indicators.

     

    Have not looked at the private system. The chart looks good, but I want to see what it does in congestion.

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