Thank you NA.
Asymmetric information, also known as “information failure,” occurs when one party to an economic transaction possesses greater material knowledge than the other party
Isn’t that what I’ve always said 
Finally!
I think I’m finally getting my act together!
I mentioned above about trading in wrong direction
without DiNapoli on AUDCAD
I closed the Short trade for a modest loss and have gone Long
Just look at how Price Action syncs so perfectly with
Stoch and DiNapoli, and note how we have hit prior Support on
Weekly plus ADX showing decisive end of downtrend. Cheers DP,
when it works well its gold dust!
This screenshot is a work of art. it should be hung in the Louvre
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Not at all, I suggested it to you because it would improve your results over the standard Stochastic…
BTW… You’re welcome…
I develop (code) sharper tools than the DiNapoli for my trading… Just not fit for public consumption.
Cheers
Plenty of Stoch crosses at the moment, not interested in them per se
concentrating on PA, Weekly Support and Resistance and Trendlines,
and Engulfing Patterns as per my very first post
but Stoch crosses are a powerful confirmation when everything
else is in place
Wos about WOS?
Not forgotten about WOS. Here we see 223 pips of WOS
to next area of Resistance
We are at a significant level of Support, not the very strongest
but again, the ADX exhaustion is very compelling!
When I see the beauty of the ADX sharp downturn, and the Stoch cross
sharp upturn screaming out Reversal, I’m inclined to rent out an entire Wing
of the Louvre
The more observant may have noticed my blind spot
on EURGBP above
I just closed this trade. Obviously we need a break of Trendline
That can be the problem with getting fixated on one thing and missing
the obvious in the process
We have our break of Trendline plus Bearish cross
of ADX
The danger is that it is so compelling you begin to
believe you cannot fail
You absolutely can!
but note the prior Bullish cross of ADX for a 500 pip
move, and now a converse bearish cross at weekly
resistance its hard not to be optimistic
Are you on psychedelics or something???
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Thanks, I’m on MT5, so this doesn’t work for me unfortunately. I did find a version of the indicator on there, but it doesn’t work right, or actually do anything at all.
Are you referring to the coloured lines? This isn’t my
usual Strat 2 template. just added ADX for added
confirmation
or maybe everything I think I’m seeing is hallucinatory?
Quite possibly
Does your standard Stochastic work? If no, check with your broker.
If yes, you could try re uploading Dinapoli making sure to allow Dll Imports.
If not, find another DiNapoli for MT5
The Dino Dinasaur Stochastic below should work
Place your Stop the other side of the manipulation!
‘
’
DP seems to have called it right. I do seem to
have become a tad delusional of late
I have reversed some of my positions, yes
the very screenshots I thought should be
hung in the Louvre
EURGBP will surely come down, but maybe
not just yet
There is so much to be said for ‘Scout trading’,
so often we don’t get it right on the first trade
but our real money keeps us focused on the
pair and we get to see that the 'obvious’
reversal was a retracement, and vice versa
Its never really obvious what price is doing, and even
when we think it is, it still manages to make a monkey
out of us
We need flexibility and to be as robotically humble
as a GPS, who routinely concedes it got it wrong
’recalculating’.
The only success I have had is when I have been
able to get into that mindset, close where I got it
wrong, and even reverse with a larger position
size if PA dictates.
There is everything to be said for quickly admitting
you were wrong and reversing if PA is now strongly
indicating this.
Things are a bit precarious at the moment.
Holiday season may be a factor, price is like
a cork at sea, bobbing up and down but not
going anywhere.
Another big mistake I am making, I’ve seen it with
at least three traders, I get so enthusiastic about their
strategy/indicator, I drop everything and try to emulate them
It doesn’t work. it doesn’t matter why it doesn’t work. it just doesn’t
I think most, if not all these guys are a valuable resource, but by flitting
from one approach to another you become ‘Jack of all trades but master
of none’
I think most my trades are in with a good chance now, except one or
two very dodgy ones
the EURGBP worst of all! Someone pointed out it was at a very
significant level and must come down, and I just went stupid -
I went short and lost so then I went long and lost. I think I might
have gone long again
The original premise is quite correct, and if you are in for the
long haul you should do well - hopefully
but none of this had anything to do with my strategies
I need to be far more blinkered and trust my own judgement
or else scrap my own strategies and follow these guys
religiously like a signal service
It won’t help me and I don;t think thats what they would
recommend I do
Anything new needs to be rigorously tested and slowly
incorporated into my approach
Have you spun some of your charts backwards to see how each strategy performs as you click bar by bar forward? Or simply zoom out to see how you’re strategy looks on the candles as they lay on the chart?
Maybe get back to the basic basic basic. Price goes up, price goes down, the question is how far will it go and how much of that move Can you capture with minimal risk.
It may sound too simple or silly but I’ve just done with my strategies. It’s made an incredible difference for me. I was always jumping the gun trying to anticipate the move losing without a stop in a big way.
KC
yes, ‘jumping the gun’ strikes a chord here
I’ve already lost a lot on GBPAUD up and down,
there are long and short signals on different strategies
but zooming right out on Weekly naked chart is revealing
it may not win, but we are clearly bouncing up
of the lower trendline, in an obvious uptrend
Similarly, scrolling out on naked weekly tells me I
might have accidentally got it right in going short
getting back to this infamous EURGBP
Zooming out on Daily it really does look like
its finally going to drop, after a break of trendline,
followed by retest, and now moving down past the original
break
