Hello again,
Now Craig:
Even after THIS short time of us 'knowing' each you TO should now that I know YOU'RE only 'kidding around' WITH ME and visa versa!!!
Now BACK TO AUD/NZD!!! LOL!!!
(Before I start JUST REMEMBER ONE THING everyone: I MAY have coded these systems and I MAY be making money out of them using my 'versions' BUT it DOES NOT necessarily mean that I am understanding them 'perfectly' so do please understand that I 'just post' what I see and I could be wrong AND IF I AM I'd appreciate someone 'jumping in' and letting me know. THIS is what the point of starting this thread was in the first place)!!!
The reason I go back to 9 July 2008 is because I'm looking at the ASI NOT the price. In other words: the last SIGNIFICANT LSP (as a matter of fact there are no 'insignificant' LSP's on the ASI for this pair in this range) was formed on 9 July 2008 (remember that if you look TODAY you're seeing an LSP BEING FORMED i.e. last night there WAS no LSP BUT the ASI had closed FOR THE FIRST TIME below the previous (SIGNIFICANT???) HSP that was formed on 9 July 2008). Comments???
Having said ALL of that though:
This is where the (my) confusion is STILL ever present:
Take a look at Figs. 8.6, 8.7, 8.8, and 8.9 (pages 97 - 98).
The way I look at those diagrams we're being told that your entry orders are AT THE EXACT POINT where the ASI PASSED the previous (SIGNIFICANT???) HSP or LSP. Right??? In other words according to these diagrams the ONLY WAY you get 'get in' at the entry points indicated would be if you had already placed your orders the day after the previous (SIGNIFICANT???) HSP or LSP had formed. In other words: NOWHERE on these two pages does it say anything about waiting for the CLOSE of the ASI above or below the previous (let's forget about SIGNIFICANT??? here i.e. I'm tired of typing it but you know what I mean) HSP or LSP. Nor does it say anything about 'for the first time the ASI exceeded (passed) the previous HSP or LSP'.
This is 'significant' (DAMN!!!) BECAUSE:
Now turn to the work sheet example on page 103.
'Day 10' SPECIFALLY (another DAMN!!!) says: '... On Day 10, the ASI exceeded 104 for the first time. We therefore entered an order on Day 11 ...'.
Now my point is this:
Take a look at the associated chart.
Yes I agree that on 'Day 10' the ASI DID INDEED exceed 104 for the first time and I can see where the order was placed on 'Day 11'. NO PROBLEM SO FAR EXCEPT FOR THIS: WHAT IF the price had gone WAY PAST the high on 'Day 11'??? At that point the ASI WOULD STILL have 'exceeded 104 for the first time'. However: there is no way that if that had happened you would have been able to 'get in' at '46.05' UNLESS you had ALREADY PLACED YOUR ORDER on 'Day 7' i.e. the day after the HSP was formed!!! Do you see the difference??? Do you see the 'issue' here??? Which is it??? Do you place your order the moment a previous HSP or LSP has been (completely???) formed and is clearly visible OR do you place your order THE MOMENT the ASI exceeds (passes???) the previous HSP or LSP OR do you wait for the ASI to CLOSE above or below the previous HSP or LSP and ONLY THEN place your order???
Take a look see!!! I'm DYING to get and answer on this because I believe this is where the 'issues' with this system lie.
|