TRADING FORK EXTREMES – 3 month Setups.

[Summerset]

Originally Posted by bukumirac

Hi Summerset,
I started with backtesting, but my uppinion about is,that every backtesting works, with any indicator and that is a fact for most new traders to feed the market with funds in a moment.......- I was specialy aatracted with Your analisys and hope in future I can do simmilar
Thanks and best regards,
Bule

Hi Bule,
The important thing to note in yr back testing, is that U will be back testing the intraday S/R platforms to hold / break relative to yr entry order. U are not back testing your limit order as an entry in itself as a value.

This means that U must back test the entry parameters (LSMA, CCi identifier, & Divergence) Not at the precise moment that yr pre-calculated order would have filled. But take their readings 3-4 hrs after order filling.Then U will have an >85% correct decision to hold or bailout of filled position.

This is very TRUE & Successful. And if U practice it & fine tune on it. I am sure that U will be doing much more than my analysis in future.

Will look forward to hearing of yr back test results, and progress / findings.

[bukumirac]

Thank You again Summerset,

Will report, aldough I have litle problems to incorporate MT4 in my trading
but trying and will success soon.

Best regards and nice trading!,

Bule

[Summerset]

Eurodollar Fork Analogy updated with this week's momentum forecast

[Summerset]

Euroyen's Fork Analogy updated with the week's momentum

[Summerset]

Open lower & slippage hit our trailing stops for Eurodollar on Asian Open.
The analogy & recommendations however remain the same as attached.
The stoping out, will allow for adding an Analogy for Sterlingdollar (shortly), and trading it, as its believed to have closed above an important resistance level since begining December.

[Summerset]

Charts attached.

Momentum studies indicate buying <9400 & above --> a Test of 2.0>, as commented on Charts

[Summerset]

Detailed fork Analogy & setup for coming trades attached.

[Summerset]

Update on Fork Analogies & Momentum for long term traded pairs