Thanks Turbo and Lexy, it is great to hear the enthusiasm in your posts!
Turbo, of course you can talk with progammers about this! I want to emphasise that this is NOT my method, I am NOT promoting it and I did NOT even start this thread or bring the method to this site. But I DO trade it and I DO believe it is viable as either a stand-alone method or as a means of fine-tuning trade entries when “overlaid” on other trading systems.
I have a core “method” that has been my trading method for many, many years and I only came across this ribbon method earlier this year, but it immediately fitted like a glove over my own method and they fused together in total harmony and synergy. (The above chart that I posted only includes the ribbon part as that is what this thread is about).
Again, I emphasise this is NOT my method, nor do I wish to be its promoter here, I am just a trader. But if anyone is trying it then I am more than willing to help and comment on it.
Just out of interest, this is a comment made by the owner and promoter of the thread about this method where I came across it, and fell in love with it ( the method, not the owner :D):
“My recommendation again for traders “in the making” would be to study a particular strategy and just keep following it – follow all its rules, constantly, and consistently.
Just to give you an example of where I was ten years ago, and where I am now, just look at these 5 charts. I entered these trades yesterday, and they have made 3K in 24hrs on one standard lot. This can be done every few days, by every one of you.
Fellow traders, stay focussed, but more importantly, in my opinion, stay “OBSESSED”.”[/I]
I think that is a rather good recommendation!