agreed.
but no harm in gaining further knowledge which might be used for tweaking my system.
posted previous post only as the thread starter had said that he will share it when satisfied with the system.
Hello Mr Hunt,
I am like a Doctor or a Layer who practice's till he retires. So in other words my system is still not perfect and I am still practicing.
But nevertheless let me tell you, I don't follow any system, if you have read the threads properly it says that it's a combination of many things, like Elliot Waves, Fibonacci Ratio, Gann levels, Gann Turning Days, I also keep a tab on Moon phases (This may sound weird, but traders of NYSE, Nasdaq exchanges have history of following Moon and Ocean Tides and have been successful in predicting the rise / fall in their market) Moon phases do help specially when they fall during Gann Turning Days.
- Elliot Waves are easy to calc as it follows certain rules and guidelines.
- Fibonacci ratio are applied on Swings, Daily or Weekly depends on the trader.
- Gann levels are difficult to calc but Gann Turning days are fixed for the whole year.
- Moon phases are also fixed.
Combination of Elliot Waves and Fibonacci ratio gives us our target accuracy 95% of the time.
And I do use charts for picture presentation, to know what the indicators are saying. Although indicators are supplementary but they do give a fair idea once you know how to read them.
Reading a picture is a bit difficult initially even if you follow all the guidelines.
So keep practicing but forget to earn even while you learn.
Thank You for the interest that you have shown to learn.
Bye