hornblower said:
I see that on Monday gbp /usd was a sell, and now today you are neutral . not a buy ?
so no buy signal has been received
Monday euro /jap was a buy and now today Tuesday a sell
so Monday night you received a sell signal interesting , this is only day 2 of posting , have you back tested it ? and if so for how long and what results?
thanks for your input and your posts
The original excel file is a default file produced last week that is why no date was put on the file. Below is a more comprehensive explanation of how to intepret the excel file :
When Direction Column shows Long it means you open only Buy trades or buy dips or close any short positions.
When Direction Column shows Short it means you open only Sell trades or sell rallies or close any Long positions.
When Direction Column shows Consolidation it means don’t open any trades as correction is underway and direction is not defined
When Trade Column shows Buy it means you have to Open a buy trade or close any short positions.
When Trade Column shows Sell it means you have to Open a Sell trade or close any Long positions.
When Trade Column is Neutral it means you have to take any of the following actions:
Don’t open any positions or close half position if in trade already and move stop to lock in some profits or reduce potential loss, also be ready to close positions in case Trade column changes to opposite trade
Finally the Trade Column only changes in the following sequences
Buy => Neutral => Buy or
Buy => Neutral => Sell or
Sell => Neutral => Sell or
Sell => Neutral => Buy
The Excel file shows the direction and trade to take at the time of analysis. I have tested it and would like to show results going forward which is why I am posting here. It Works best for position trading or swing trading, although daytraders can trade in direction shown in excel file. You are welcome to see the results in the coming months
