Quote:
Originally Posted by ThrowingCopper
First off, we started off using an EMA of 1. LOL.. You need more than one sample in order to calculate an average of anything. As the thread went on we got some threads on this topic. "X marks the spot"..LOL.
Still more time passes and people start loosing. According to the original system:
I have RSI (14), Slow Stocs (14, 3) and CCI (20) up too, this is just my preference, i use it to try and predict when a cross-candle will appear.....for this system i don't really need them.
However, now the system starts growing more complex and is changing. The latest is some combo with Bollinger Bands. As people report more losses, the system will start changing yet again…lets see, something like this: “Ok, I am calculating the BB widths by taking my shoe size and dividing by my body weight- forgot to mention that.” Some of the sheep will continue to follow and finally it will die…like so many of these other threads.
I don’t know why people do these sort of things beyond the need for attention.
easy money, getting drunk tonight my peeps ....LOL!!!
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Well, thanks for your input.
The BB were introduced to help ppl define tops and bottoms. If you read the entire thread you may see where i was coming from.
I am not gonna rush to the defence of this system, if you don't like it, don't use it.
I am happy with it, it makes me money .....and that was the point of showing others how to do it.
If you have any experience in Forex you will know that each person has their own style and preferences in trading, just like everything else, what is good for the Goose may not be good for the Gander.
I make roughly 150-600 pips a week with this system...depending on market movement.
Why don't you take the time to share with everyone your system......as it is obviously so much better than everyone elses.
We all eagerly await your reply.