Good (Saturday) morning all!!!
WOW: WHAT A WEEK!!! (Anyone else 'enjoy' the 'stock tsunami')???
Well:
Stocks:
OTHER than the Nasdaq (for very OBVIOUS) reasons I STILL have NOT SAR signals on any of MY stocks so I'm still 'good to go'. Also: I've been watching this stuff for long enough to know that by Monday or Tuesday next week the fall this week will be nothing but a distant memory!!! For that reason I won't SAR on the Nasdaq EVEN ALTHOUGH I've got a close contrary to the VS SAR (an example of seeing the 'bigger picture' and 'knowing the market you're trading').
J.: I KNOW that this weeks moves on stocks has possibly taken a year or two off of your life but 'hang in there' i.e. this business has a habit of giving you those years back in spades when you least expect it!!!
Forex:
Well: not a 'grand start' to our new VSC(1) either unfortunately although AGAIN: NOBODY should be even close to a SAR signal UNLESS you're long EUR/CAD in which case you do INDEED have a signal to place a SAR order on Sunday night. Now to be honest: I'm pleased I have this signal because I can now demonstrate the merit of using 'logical orders' at Delta IF my SAR order gets executed next week.
Other than that: there are some new signals for this coming week. Check them out.
NOW:
For those of you who are able and interested in 'experimentation':
I've been thinking (always dangerous???):
WHY are we using a 7 day ATR in the calculation of the VS SAR's and yet with EVERYTHING else we use a 14 day ATR??? Now BEFORE you 'jump in' and tell me that it's because 'the old man' says to do this because you want a faster reaction time read on!!! To start with: I've removed the smoothing from the ATR calculation ANYWAY for reasons previously given so IT therefore is ALREADY reacting a lot faster. Then: as with ANYTHING AND EVERTHING in this business the shorter the period of ANYTHING AND EVERYTHING the more likely you are to get false signals and / or 'whipsaws'. In addition to THAT: I'm of the opinion that the whole REASON that the VS works so well is BECAUSE it does not 'jump around like a cat on a hot tin roof' so why not make it react SLOWER NOT FASTER??? Remember: we're ALREADY locking in profits with VSC(1) or VSC(2) so any SUPPOSED benefit of using a 7 day ATR in the calculation is negated ANYWAY. Lastly: I believe that the reason the VS is 'top of the pops' is NOT because of where it GETS you 'in' but rather the way it KEEPS you 'in' so again: why not let it KEEP you 'in' as long as possible!!!
Anyway: go and experiment. I've already changed the ATR(7)'s in the 'VSFinalPrev' and 'VSFinalPrevEntry' 'indicators' to ATR(14)'s (which I'll send out over the weekend) and by looking at the charts what I see is that this change gets you 'in' slightly EARLIER if you can believe that BUT it ALSO keeps you in the trade LONGER. Take a look.
(I'd LOVE to continue this post but I've now just spilled an entire can of Red Bull ALL OVER my keyboard and desk so it's 'cleanup time' AGAIN i.e. I did this last week AS WELL)!!!
Later.
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