Nukem

A progression of bipolarism to paranoia?? You never knew whether he was trying to help or tear you down cause he'd do both in the same post, or so it seemed.

A progression of bipolarism to paranoia?? You never knew whether he was trying to help or tear you down cause he'd do both in the same post, or so it seemed.

http://i.imgur.com/yXIMC.png
 
First thing I've been doing is to try to determine if the market is trending strongly or ranging. I only use the 5M charts when the market seems very choppy. I have incorporated the bollinger bands to look for price extremes and when I identify an extreme I think it could be the beginning of either a stop hunt or the actual move (in strong trending markets that is usually not the case, we usually just get a straightaway which I am still having trouble identifying) . I wait for a price bar to close up or down depending on the direction, after touching or piercing an outer bollinger band and I also wait for the bar to turn blue or red depending on the direction using a Heiken ashi or whatever paintbar indi. I then place an order one or two pips above or below that bar. I am very aggressive with my stop on the first trade since it is very likely to be a stop hunt and I have a take profit target of 20 pips. After reaching the 20 pips or getting stopped out I start looking for the reverse, pretty much repeating the process but anticipating that this may be the trending MMM move so I switch to the 15M if price goes beyond 25 pips or so in profit. I set a take profit target at 40 or 50 pips for one contract and trail another to capture a bigger move.
 

Thanks for being so dis-respectful...
 
CJ

Putting this trading debate aside.
 
"I left a job that pays me a good six figure income to stay at home and be a care-giver to my wife."
 
 
If your wife is ill and you are the care-giver, I wish you both the very best, I been there and there is no way to know that feeling or the pain that the care-giver keeps inside when a love one is ill.

Thank you CONTRIBUTORS !
 
Why I find it important >> as I quote an article >>
 
In 1995, 40 years after his passing, William D. Gann is still talked about, written about, and studied avidly. It's an extraordinary testimonial to his work and one that even W.D. couldn't have predicted. Or could he? What lessons might there be in this remarkable man's life?
 
First is an affirmation of the American Dream. William Delbert Gann of Lufkin, Texas, started with nothing. He and his family had no money, no education, and no prospects. But less than 40-years after overhearing businessmen talk on railroad cars in Texas, W.D. Gann was known around the world.
 
Second, hard work pays. W. D. Gann rose early, worked late, and approached his business with great energy. Virtually all his education was self-administered. This teacher, writer, and prescient forecaster had a third-grade formal education. But he never stopped reading.
 
Third, unconventional thinking may have its merits. W.D. was intellectually curious to an extraordinary degree. He was unafraid of unorthodox ideas, whether in finance or in other areas of life. He wasn't always right--none of us are--but he dared to pursue a better idea.
 
Fourth, there may be something to that clean living business after all. A conservative Baptist, W.D. didn't smoke, drink, play cards, or dance. He was serious in demeanor and a conservative dresser, although he lightened up somewhat in his later years. He respected the value of a dollar and was prudent in his personal spending. Not every internationally acclaimed seer would continue to live in a modest house in Brooklyn.
 
Fifth, faith helps. W. D. Gann studied the Bible all his life. It was his Book of Books. His own last book, The Magic Word , published in 1950, strongly reflects this devotion.
 
And finally, the only lesson for traders I will venture to offer is W.D. Gann never stopped studying the market. Even after his forecasts happened, even after he achieved international acclaim. Although he believed in cycles, he also knew that markets are always changing and that decisions must be made based on today's conditions, not yesterday's.
 
W.D. might have rested on his laurels. But he kept studying and seeking greater understanding. If he couldn't afford to stop, can any trader afford to do so?
 
John L. Gann, Jr., is the grandson of William D. Gann. Most of the information in this article comes from W.D. Gann's son, the late John L. Gann, to whom this article is dedicated.

jmsaffron,
 
Not sure if I'm properly understanding how these charts work. This is actually the first trade I followed. Did you take the full 55 pip stop out or opt out sooner. I tried a couple of links you posted (#40) in the past and they aren't working. Looking for more explaination.

Guys, as long as you cant provide a verified myfxbook account with real live results of entropy on it over a longer period of time the whole discussion here whether its a good system or not is totally pointless. Money talks...

Spike,
The software won't help you. It costs $318 per month and you need to be connected to their servers before you can trade. It's not a stand alone product.

A perfect indicator does not exist. A near perfect indicator would be one that reacts real time with no lag. It would also be predictive as well as highly accurate. There are indicators and systems available that can do this to a degree, but learning good trading skills would tip the odds in your favor.

I watched the videos and while informative didn't give much to the individual that was wanting to trade the method, in my opinion. It seemed that he was advertising his software which will cost you on going $3800 a year plus the one time video training cost. According to MC you can trade without his PAT software successfully but his training was definitely geared towards using his wares.

I watched the videos and while informative didn't give much to the individual that was wanting to trade the method, in my opinion. It seemed that he was advertising his software which will cost you on going $3800 a year plus the one time video training cost. According to MC you can trade without his PAT software successfully but his training was definitely geared towards using his wares.

Mirrored:
 
http://mir.cr/1MNBDSJJ