Day Trading & Forex Forum

The Dutch Clown

Pacito,

The Gann chapter is an introduction if you do not fully understand yet work with the tools that help you make a proffit.... work on new things, trade with the help of proven technology that works for you.... again take a closer look at chapter 8 since the signals pay out... I scored over 6 index points with that trade already and the target still has to come... maybe the attached graph will help you.... see chapter 8...

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Pacito

Clown,
don't be afraid. I did understand you yesterday. So everything is still under control. I teared chapter 8 apart. I did all sorts of math in my wall Street files. I must say that it's a feeling if you can conquer the whole world. Yet it can sometimes go wrong. I'm very interested in the signs when things can go wrong, described as reshifting of the cycle. Still I want to do my own math just to see if its possible to foresee a big change, and be there at the moment it starts.
Thanks
Pacito

The Dutch Clown

Dear Pacito,

You will have to read the last bit of the chapter in which the author indicates the reliability of the signals..... again it is not the whole picture.... forget about the big swings.... focus on the reliability.... better 6,65 index points in two day's with a high reliability than huge future with poor reliability.... just through a number of FTI's in and make Euri 200 x 6,65 (minus some change in cost) x number of FTI........take the money and run... in the pocket... or at the bank is better in my view... even better is spending it....

The signals happen frequently.... I scored two in the last two weeks and well what can I say... the EOD graph allows a bit higher index but the intraday target has been met... so I closed winnings.... the intraday RSI is quite OB so there is bound to happen something soon...

Pacito

Dear Clown,
I agree. I closed my options just before closing. This could be the end of a zig-zag. Comparing to the Dax we seem overenthousiastic. We are close to a bottom of July 01, a bottom of March 06, fibonacci 68, the upper bollinger line and there seems to be a bearish divergence with the RSI coming up.
I did my homework, I even put the Cardwell EMA 45 and MA 9 into the RSI. Pattern compatible with the chart on page 262 (fig 10-19).
Stay on gard,
Pacito

The Dutch Clown

dear Pacito,

You must have an other book or just want to verify mine... page 262 in my book is blank... chapter 10 is on elliott wave...

Now the intraday movement of the oscillator is disproportional and we all know what that means by now... is remains to be seen how disproportional it will become and calcutate new reversal targets if and when...

Pacito

Dear Clown,
As it happens, in my book page 262 is also a blank.
Sorry, it was a little dark. Page 202(fig 10-19)

Pacito

The Dutch Clown

dear Pacito,

No problemo.... your reference to to fig was clear enough...

In the mean time the disproprotional movement in the oscillator has formed an other Reversal signal (again) the index is well below the 2 x 1 line(upwards one) and follows the 2 x 1 line downwards from the 452,51 pivot..... looking for more clue's now to enter a trade....

Nice and easy... just an other swimming pool...

The Dutch Clown

Well what can I say... so let me just show you where my entry point was.... the target well, read the book and do the math... it's going to be an other 6 points trade again....

Have a nice weekend...

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