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Old 02-23-2008, 12:51 PM
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dpaterso dpaterso is offline
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Sorry,

I must have been typing my repsonse to you while you were posting your chart so I only saw your chart now.

Like I said: it's easy to see it now BUT even when using Stochs you must remember that you are now seeing a range that has been forming for some time now. Put it this way: chop off about fourteen days from BOTH indicators and you then really have no way of telling whether the pair is becoming 'rangebound' or not. Wilder's CSI on the other hand may also not tell you this but WILL attempt to 'put you onto' instruments that, when compared to all the other tradeable instruments at that moment in time, have a far higher chance of NOT being 'rangebound' when compared to each other. In other words: the CSI is giving you the instruments which, at a given moment in time, have far more movement in one direction or another than other instruments and he says to only trade the top nine or ten on the CSI scale (I assume margin and risk tolerance permitting) which is TOTALLY different from trading everything and anything where you have an entry signal according to the SI System (which is what I, up until now, have been doing).
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