Good (Saturday) morning all.
Hey 'Father Ted':
NOW I understand!!! I took a look. Very nice!!! I've never heard of them though (not that I'm an expert by any means). They do seem very 'different' or 'designer' (not finding the right word here)!!! I've got to tell you: the powered versions are 'intruiging' and those interiors!!! WOW!!! I have to say though: I'm more your 'Supercar / Learjet' kinda guy!!! I've also 'got my eye' on the odd office tower or two with a Wall Street address (there should be some 'buy one and get one free' promotions coming soon)!!!
Oh well: back to the land of dreams!!!
I was just going through some charts (as usual) this morning and it has AGAIN struck me how 'well' the RTS Levels (Pivot Levels) 'hold' on the weekly timeframe. Even with these 'wild gyrations' in the markets of late the weekly RTS Levels (Pivot Levels) have 'held' (the S&P and the Nasdaq closed RIGHT ON our LSTOP3 or Pivot Level S3 yesterday while during the week they 'sailed through' the daily RTS Levels (Pivot Levels) as if they were not even there)!!! And if you take a look at the SIS on the weekly timeframe as well: 'very few to none' false signals or whipsaws!!! Just and obvservation. Of course: the BIG problem with trading the longer timeframe (even IF you could 'muster up' the patience) is that if you're WRONG on a trade the loss could be HUGE by the time you get a signal to stop and reverse or whatever. The 'flipside' of course is that if you're RIGHT on a trade: the profits can be HUMUNGOUS!!!
I see we're also now AGAIN starting to get some 'promising looking' (possible) VSC(1) entry signals on quite a few forex pairs and, what I'm hoping, is that the signals are NOW being generated AFTER the huge pullbacks in price. Take a look at GBP/JPY and GBP/USD for example. It sure looks like we're going to get a 'confluence' of signals from the VSC(1) and the SIS. Something interesting that I noticed as well: when we got the FIRST VSC(1) entry signals on those two pairs, AC was green BUT it was already ABOVE the zero line and, as we know, these trades only broke even (at best) whereas NOW AC (as well as AO) is BELOW the zero line. Could this be important??? Could this be the VSC(1) / SIS 'magic bullet'??? I know I've mentioned this before and I seem to remember that someone said that you miss too many trades BUT did anyone actually see what happened to those trades??? Did those trades that were taken (and not missed) because AC was green but was ABOVE the zero line actually (eventually) close out at a profit??? I'm not saying I've gone back and analysed trades like that but maybe it's something to look at. I mean: take a look at AUD/USD as another example. We got our VSC(1) entry signal a few days back but look at what happened to the trade (and while you're looking at that please also note where AC was at the time and look NOW where AC is)!!! 'Food for thought'!!!
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