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[Summerset]

The system currently in use (as of pp.47) originated from the Fork X Action - Reaction lines system, that used CCi patterns as a direction trigger at fork extremes & the closest Action Reaction lines above or below such extremes.

It was determined that the most and Only effective fork to be used was one with its median running through the Wave-1 top --> Wave-4 bottom line of a begining or starting motive wave (that should have been previously isolated from a correct Elliot count).

Utter relience on such a "1-->4" line stems from the Elliot premise that "A wave-4 must try to test the top of wave-1". And so continually motive starts sre found to recur & fractual out in larger motive impulses that originate by bouncing off that 1-->4 line in the longer term.

A lot of detailed work was next covered in determining and confirming precise CCi patterns that signal the breakout of specific Elliot waves. Within this approach CCi patterns signalling breakout of the following, can now be readilly spotted and taken:-

1- A confirmation of a wave-2 conclusion.
2- Breakout of wave-3s.
3- Distinguish the breakout of a wave-4 apart from the regular wave-3 corrections that are normally bought in.
4- Determin the precise conclusion of a wave-B top out in either an ending 3 or 5.
5- Confirmation of a "C" bottom in a grand ABC correction of higher degree.

When such CCi recognition patterns are taken down to be used on smaller 1/2hr --> 5min frames, It becomes possible to locate the precise bottom of a wave fractual that makes up a larger wave, and then use that bottom to make a precise trade entry of long to intermediate term potential.


Such trade entries are made using a custom designed trigger indicator, that couples indicator breakouts on the 30 min frame with divergence on 5min frame as a dual confirmation for trade entry, allowing practical implementation of a minimal 40-45pt stop size. And utilizing the max lot size possible related to an acceptable 2-3% risk on overall account equity.

Furthermore, the implanting on the position at the very fractual start of a larger impulse, capitalizes on profits by regularly pyramiding and compounding further on as the wave progresses.

The Strategy is called WSi (Wave Segregation Index)


I am applying the methodology to forex pairs only, due to personal accumulative experience. But would be really interested to see it applied to futures & commodities, by others. And would give assistance towards this end.


No trades will be posted here.


But the methodology applied will become eminent through the regular weekly updated posts covering fork analogies for different forex pairs.

Interested traders in the money management applied, and exact trades taken, can refer to the web site under my profile.

Critiques & technical deliberations are also welcome, & will be attended to. Lengthy ones would be addressed conviently on weekends when markets are closed.

Wishing Everyone Sustained & Prolonged Health And Wealth.

[Summerset]

The Analogy remains the same since last week. When downloading the PDF, scroll down to start from Momentum reading updates.

[Summerset]

The Analogy again remains the same since last week. When downloading the PDF, scroll down to start from Momentum reading updates.

[Summerset]

Happy to annonce that the portfolio made best running system so far this month on the collective2 homepage

http://www.collective2.com

making estimated $47962 so far.

Praised be the LORD.

Hope every one is making money too.

Traders can get the entries from the C2 site or site under my profile - if interested. Its absolutely FREE till year's end.

Very Sorry to ADVERTISE.

[Summerset]

The Analogy principally remains unchanged. When downloading the PDF, scroll down to the Momentum reading updates.

[Summerset]

The sterlingyen shorts <224.05-223.96>, could be about to culminate into profits as a "local limited" H&S 4hr formation appears to be forming (chart below).

Targets are limited however until 222.40.

The overall bias remains bullish to re-load at 78% AR (222)

To trade the H&S shorts can be tried from current levels up till 224.30 with SL > 224.75

[bukumirac]

Hi Summerset,

Great analisys! both GBP and EUR long term!
Wery interest in Your future posts.

Bule

[Summerset]

Originally Posted by bukumirac

Hi Summerset,

Great analisys! both GBP and EUR long term!
Wery interest in Your future posts.

Bule

Thanks for the Compliments

[Summerset]

Though there is an H&S, and CCi is negative on both daily & 4hr. We are cautious with the shorts, and will begin to look for signs of reversal to long as of <222.20-40>, Reasons outlined in PDF updated below.

We keep in mind that we are selling in a long term uptrend.

[bukumirac]

You'r welcome,
I am trading with fork, also, but on 2h,1h and 30min. I am interested in CCI that You applyed.What is fuul name of indicator?

Thanks, Bule

[Summerset]

Hi Bule,

I use woodie's CCi indicators.

I have attached a zip file with them. If U unzip the file & paste it under C/windows/programs/strategybuilderSB4/experts/indicators. Then U can use them all on strategybuilder or Metatrader charts.

Of the attached lot I only use Double CCi indicator, (its called double cause of the normal CCi & turbo CCi together), & CCi patterns (identifier) = ( the green & red circles that U see on charts). When they compound together, then U know U have a powerful trend signal.

If U will be trading the 1hr & 30 min Charts then U will need the LSMA (to identify short term trends) & the Sidewinder ( to know if the CCi will break the zero line or reject).

I don't use these, because U have to stay glued to yr screen & watch. But I have zipped them with the file for you.

I have also attached a pdf by Ken Woodie on how to read his signals. I think U probably already have it if U are working with CCi.

U can also get tons of edu material on Woodie's CCi from woodie's site itself- www.woodiecciclub.com

Let me know if U need anything else.

Wish U All the Best of Trades.

[bukumirac]

Wow man,
I don't now what to say!THANK YOU WERY MUCH!!
These days I started a litlle with MT4, used to work with VT for a year.
For me (tradicionalist) is wery hard to switch, specialy with CMS acc.
But on VT I draw fork with fibo levels, and MT have 3 points,nothing else.
Ok,dont want to bother You further.
Once again, thank You and happy trading!!

Bule

[bukumirac]

Hi, Summerset

Me again. I put Woody in MT4, and working.
Please if You can tell me how much can you trust the indic.?
Indicator values forming with price, AFTER price.
The story of indicator set up is nice, but will it work?
Please inform,

Bule



p.s.I am aware that is part of personality to accept some new way of trading.

[Summerset]

Eurodollar & Euroyen Fork analogies & Trade updates for coming week starting 27-11 attached in PDF form.

"Trading Fork Extremes" portfolio is still making most profitable monthly system on the collective2 home page.

Profitable trading to all.

[Summerset]

Originally Posted by bukumirac

Hi, Summerset

Me again. I put Woody in MT4, and working.
Please if You can tell me how much can you trust the indic.?
Indicator values forming with price, AFTER price.
The story of indicator set up is nice, but will it work?
Please inform,

Bule

p.s.I am aware that is part of personality to accept some new way of trading.

It depends on 2 principals:-

A- Backtesting.
B- The type of Trader U are. (Long term or Short term).

BACKTESTING:-

In order to master an indicator, U must back test it very very thoroughly, in trending and consolidation markets.

This statement is KEY to success, and can never - E V E R- be understated, however much time U spend on the backtesting. Else, believe me, U can not be taking yr trading seriously enough.

TIME FRAME:-

If you will be trading short term (Intraday trading), U need to Backtest the LSMA, together with the CCi identifier (CCi paterns), & divergences of CCi graph with price.

If U will be trading long term, U need to test compounding the CCi signals on one time frame together with taking concurrent divergences on two different time frames.

EXAMPLES:-

If U will be intraday trading. U need to be calcuculating the intarday supports & resistances. As these will be yr entry points.

If U were live trading, U could easily sight these by eye balling the 1/2 or 1hr graph. Or by reading general subscribtion service reports on different pairs. (They don't have to be paid).

In back testing U can easily eyeball 2 specific support & 2 specific resistance zones on any intraday 1hr or 1/2 hr chart- during one single day time frame.
These values are actually the daily S1, S2, & R1, R2, that are theoretically calculated by the pivot point formula.

Now what U need to back test is the following.

If U will be buying S1&S2, & Selling R1&R2:-
1- locate such levels on past days.
2- Check the color reading the LSMA gives U there.
3- Check if the CCi identifier is compounding signals or accumilating signals at such levels.
4- check if there is a pro-trade divergence between CCi graph & price. This point is very important. To full understand it, pls go to http://www.fx-portfolios.com/intraday_signals. then hit the icon on "position trading"

U then need to work out an Excel spread sheet, where U input all the trades that U would have taken at such levels in the past using the above criteria. How many pips they would have made or lost.

By fine tunning the back testing, (using the above 4 constraints in consolidatory & trending markets). I can almost gurrantee U that U will have reached a very profitable entry & exit intraday system.

U cut out the overtrading by trading only the NY session. Or usilng a station with price sound alarms / alerts when prices reach pivot levels.

U then demo trade yr results / rules generated from them for one quarter (3 month) at least.

Then through consistancy U will have built the decipline required to trade live
=========================

If U will be trading longterm:-

U need to backtest a verified longterm fork aganist CCi extremes on daily & 4hr frames. Take & back test the CCi signals that erupt when concurrent divergences are showing on both frames.

For longterm trading, we have a specific E-book manual, that explains in detailed examples, how to implement the above thesis. http://www.fx-portfolios.com/trading_system_book. then hit "Trading the Fork e-book" icon

Like U say in yr post "I am aware that is part of personality to accept some new way of trading". This is very true. And I would like to add to it that it is really the back testing that dictates the neccessary changes U need to make in how to read the Charts, - and ultimately on how to interpret them- how to view their development & yr trading personality.

That is why its of supreme overall importance to do the back testing, followed by demo testing by yourself. Books & mentors are only there to guide U throughout the process.