Joined Mar 2004
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Status: Valued Member
|413 Posts
Sometimes they just don't go anywhere. There are always too many of these kind of trading days. Now trading James16's price action you'd have made a tidy proft today if you were good at exits. http://www.forexfactory.com/fijirepo...e30%20EURO.jpg
Joined Mar 2004
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Status: Valued Member
|413 Posts
The graphic thread that follows are a selection of screen shots, most of which are very enlightening on the postiive side. A note of caution: There were just as many charts that do not show such stellar performance but there is nothing terribly new about indicators being wrong so I've kept the wrong examples to a minimum on this thread simply because they are not very astonishing. To me what bears the most interest for people is to see what happens when the software is right and to also note that it is right rather frequently.
What is also important for the reader to take note of that despite the excellent predictions I missed trades even when the market precisely hit both the high and low of the day within a a few pips. Because the system I used was a rather simplified version of what I'd most likely refine it to my entry orders all too often missed perfect trades by only a pip or two and the markets where my trades were activated went the opposite direction to take out my stop loss exits. It takes better historical analysis and more familiarity with the software itself than I had time for while evaluating Vantage Point.
In each screen the green lines only apply to the predicted high and low for the most recent day and not to previous days. Days are delineated by a vertical dotted line. The green lines apply only to the market action to the right of the last dotted line on the right. In the case where there is only a bar or two after the last dotted line that means the screen shot was taken after the close of the day in question and then the day the green lines apply to is the first full day shown to the right side of the screen.