Does anyone know about Stephen Pierce?
More importantly does anyone know about his seemingly new system:
Profinacci
http://www.profinacci.com/
If you check the site read how it works then you'd agree that this system sounds really good (as expected someone selling a product;))...
It would be more accurate to say that it sounds Too Good To Be True! :eek:
The only reason why i'm interested in it is because i was trying to accomplish the same thing but using so rom formulas in Excel (this is before knowing or hearing about this system)... I "analyse" the charts tweak my formulas so that i end up with a good "system" or "strategy" (dont know if u ppl would call it that)...
I have been successful consistently (more deep profits less not so deep losses) for the Eur/Jpy p but I lost that formula while changing it to suit other currencies :(.
Well the formula isn't actually gone but just lost among hundreds of copies of the formula that i created to test other currencies...
eg.
I started out with something like this:
cval
| 131.66
|
| 2
| E/J
|
hi
| 131.83
|
| LOTS
| 10
|
lo
| 131.53
|
| Spread:
| 0.04
|
diff
| 0.30
|
| PIP Val:
| $10.00
|
Entry
| 131.59
| 131.63
| pip
| P/L
|
L1
| 131.89
| 1
| 0.30
| 300.00
|
L2
| 132.19
| 2
| 0.60
| 600.00
|
L3
| 132.49
| 3
| 0.90
| 900.00
|
S1
| 131.49
| 3
| -0.10
| -100.00
|
S2
| 131.44
| 2
| -0.15
| -150.00
|
S3
| 131.29
| 1
| -0.30
| -300.00
|
Then that moved to this
cval
| 131.66
|
| G/J3-1
|
|
hi
| 131.83
|
| LOTS
| 1
|
lo
| 131.53
|
| Spread:
| 0.1
|
diff
| 0.30
| 0.08
| PIP Val:
| $9.37
|
Entry
| 131.63
| 131.73
| pip
| P/L
|
Limit 1
| 131.88
| 0.50
| 0.15
| 140.55
|
Stop 1
| 131.61
| 2.50
| -0.12
| -112.44
|
Limit 2
| 132.00
| 0.90
| 0.27
| 252.99
|
Stop 2
| 131.53
| 1.50
| -0.20
| -187.40
|
Limit 3
| 132.26
| 1.75
| 0.53
| 491.93
|
Stop 3
| 131.49
| 1.25
| -0.24
| -224.88
|
then to this:
|
|
| G/J3-5
|
|
hi
| 131.83
|
| LOTS
| 1
|
lo
| 131.53
|
| Spread:
| 0.1
|
diff
| 0.30
| 0.08
| PIP Val:
| $9.37
|
Entry 1
| 131.73
| 131.83
| PIP
| P/L
|
Limit 1
| 132.03
| 1.00
| 0.30
| 281.10
|
Stop 1
| 131.58
| 1.00
| -0.15
| -140.55
|
Entry 2
| 131.63
| 131.73
| PIP
| P/L
|
Limit 2
| 131.93
| 1.00
| 0.30
| 281.10
|
Stop 2
| 131.48
| 1.00
| -0.15
| -140.55
|
Entry 3
| 131.53
| 131.63
| PIP
| P/L
|
Limit 3
| 131.83
| 1.00
| 0.30
| 281.10
|
Stop 3
| 131.38
| 1.00
| -0.15
| -140.55
|
Now i cant find the one that worked originally (bear in mind i have A LOT of these all over my spreadsheet)...
In any case do you guys do anything similar to what I do or what this software claims? Or is this guys software a money making venture?
http://www.profinacci.com/