[B]It is sad news that I have to say that I am starting to suffer from a higher level of depression, which I think is caused by living in this small town where I am. (I returned to Perth briefly the other day and wow, what a lift!!).[/B]
As such, I am trying to persevere but coming under a lot of strain. :eek: :
There is one thing that all readers can do for me…
When there is a question (chart or otherwise), please answer it so that I do not have to do it.
This takes an enormous strain off me (you have no idea how much!!) - and every answer I have seen so far from posters has been excellent and completely accurate.
It is only when there is a dispute or correction needed that I will intervene.
It is now time to look at a nice little shortcut to the DNA method.
That is, we can trade the most efficient part of the whole method, the BB walks all on their own if you wish.
We already have the best exit method - the PSAR/mid BB approach.
I now need to post the rules for entry of a BB walk - there are not many, but they are extremely specific, and if not rigidly adhered to, will see almost immediate failure.
We can then look at a multiple contract method for this whole idea.
[B]I envisage that this will be most likely my last work on this thread.[/B]
After this, we need to look at getting the PDF’s together.
There will be more than one of them because there is a limit to how much you can upload on this forum.
Since it is now ending July, I see that by September the development of the PDF’s needs to be underway.
Much editing will be required before the final work is produced.
But I intend to see this thread end on 15th November when I rest for the year.
The PDF’s will be in great need because we have an increasing number of beginners coming on this thread and wading thro 400 pages - too much.
I envisage the following…
1)Examination of a trend and use of the Bollinger bands in place of S/R lines.
2)Introduction of the BB bubble and sausages.
3)The CBL and how it is used.
4)The DNA method itself - the 4 types of price action.
5)How to trade the DNA method with the CBL and multiple contract entry.
6)The danger of the no trade areas and why they are so called.
7)The best of the trades - the squeezes.
8)The quality exit - the PSAR/mid BB approach.
9)Shortcuts - a quality entry method for BB walks and a multiple contract approach to go with it.
Several PDF’s will be needed to include all this material.
Once finished, they can be posted and this thread closed.
(as always I ask that it also be locked).
[B]As the time approaches for construction of the PDF’s, I will be calling on the skills of Merchantprince, DodgeV83, IronHeart, for the technical stuff, NForex for the graphics, Graviton for any further counsel, and any others who wish to contribute, since all are welcome to do so.
I myself will look after the written presentation, my teaching forte.[/B]