Hi guys,
I did what [B]Mike[/B] suggested last time. I made likes so you guys see I read the post and like them, only cannot answer at the time. Now I made the time. Mike, you answered only for the riddle from Peter. Now my cartoon knowledge is also improved.
[B]Philip[/B], thanks a lot. I wrote down the points. I like for the early phase of the test the entry and exit. It makes it simple for the test, later on we can use other techniques. Now it is enough. Sorry, we move so fast, did you write something about entry also or only hightlighted the two possible exit scenarios until now?
And I also remember what was the other thing in the afternoon what I forgot. It wasn’t a question. I wanted to thank you for your work vocation (not 100% that is the right word). In this thread everyone has his place but you just give me always a huge help and backup. I really believe in the crossover system, highlighted the idea and thought it can work out. Others were busy with course (this is very acceptable!) but you came in, were positive about the idea, helped, brought new ideas and did not let the action “die”. I think the biggest problem is with innovative ideas that no one looks into it, it is not tested and after a time it is forgotten although the work was in it and it might have changed everything. I was/am busy at these times but you did not forget about it, you made the test and continue the work. I am confident with the thread and new ideas because I know even if I am busy or forget something, you are always there to help out. Also when I cannot push the issue further on, you step ahead like it is an intuition and get into the action to push the issue further on. This is great and thanks again!!! Your post was great, I wanted it with steps so I can do exactly the same way the test as you. I go back now and read all post, check in the beginning of the week timingcharts too, and start working on it. I see huge potentials. As you also said, if we do the work we should work now on efficiency. I also think we should continue the testing, looking at maximum drawdowns, optimal lot sizes, entries, exits etc. and when we found it, work will be quite easy and the gain comes. We can name the compact system something like the “MikePhilipRookiePetermaForExchange System”. If flows turn up again we can add his name into it.
Although you explained the system great, I still have 2 question that I need to know. When you wrote down the steps I saw right away the point I did not get the last time. It is the “1 minute trader”. I do not know if it is a charting program, a term, a special forex expression or what exactly. So I do not know what you mean under that and if I can do this step at all. The other thing was about your excel steps. The question is if you calculate and evaluate the values one by one or do you use equations in excel that you just put the position numbers in and it calculates everything? This is very important because the work you do looks huge. If I do it with all alone it takes me I guess at least a day to get the thing first, but later on it would still be 3-4 hours at least every weekend. So I am interested if you do it all the work or you are great at excel. Again, google drive would be good or to know your formulas.
[B]Peter[/B], thanks for the explanation, I guess we are expecting the high quality content you always give to us. Everything was exact, the page numbers included. I like that you wrote it on OI because for me it is just the toughtest part in the book. Philip made a concern, I do it too. Not to question your knowledge but I think we cannot forget in this case something. I am interested about next Friday’s report too. However I am quite sure on OI rise, no matter what. The thing is, the book was looking for the OI examples as great game changers as I remember with the very low readings. I do think we might have a very special case and no game changing at all. This case was “The Vote”. I call it with this name because participants just wanted to get out their money from the uncertain UK. It does not necessary tells us I think a game change, they did not want to be in risk. I can expect the trend going on, both longs and shorts will be adding for both specs and commercials next week and The Vote ended with a “No”. Do not think that I do not find your answer relevant, I give it at least the same as possibility as for my version. I just thought mentioning it, because I think in this case the descrease of OI was dependent on a very special event. We will see what happens.
Maybe you guys are surprised how am I in the thread. I really do not have time but luckily I have internet where I am. The weekend is really tough but I decided after I found net (I am not an iPhone or high level mobile freak so I do not have internet there) that I just sleep less and work with you guys.
Ok guys, I have some thoughts on NZD that I also want to discuss with you, I post it soon.