Hello,
Thanks for response and compliments and they are much appreciated.
I don't know if you're new here or not or if you know my WHOLE story but if you're interested and have the time then read the 'Parabolic SAR - that's all!!!' thread and 'all will be revealed'!!! The point is that I have a trading system that really actually works and I am failing IT not the other way round and I HAVE TO STOP THIS FROM HAPPENING!!! NOW!!!
I was in fact referring the the CSI (or 'Commodity Selection Index') in my previous post BUT you are quite right i.e. even the ASI is showing you that GBP/CHF has been stuck in a range for while. Remember though that the ASI is showing you what's BEEN happening not what IS happening so it's easy to see NOW that GBP/CHF is 'rangebound' but this would not have been that evident a week or two ago from the ASI. The CSI on the other hand already had a very low value a week or two ago when compared to all the other tradeable instruments so, according to Wilder and the CSI, I would not have / should not have been taking entries on this instrument at the time i.e. there were MANY other instruments (forex pairs, indices as always, commodities, metals, and oil) that had a MUCH higher CSI number (a good example being something like EUR/SEK) at the time (and still do) and it is on THESE instruments where the profit lies not on something 'stuck in the mud' and that's why I say: the CSI is the 'key to the kingdom' with Wilder's systems without a doubt. It is for this reason I'm sure that the last paragraph in the book (which is the last paragraph in the CSI section strangely enough) is in BOLD but I cannot understand why there is / was not more emphasis put on the CSI (or maybe there is / was but I did not perceive it as such). Even 'my favourite': the Dow has a low CSI rating at the moment for obvious reasons i.e. LOADS of volatility but ZERO directional movement whereas (for example) the Brazilian Bovespa has LOADS of volatility AND directional movement.
Anyway, be that as it may, you can have a 1000% successful trading system or method but if you can't follow it through it will STILL NOT WORK FOR YOU!!! (Hey, that rhymes, can I have it???)!!!
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