Internal Strength Trading

[dusant]

It is a pretty late reaction to continue this thread, but I've now managed to apply and fine tune my algorithms to the hourly charts. Here is an example of the candlestrength system applied to EUR-USD. Click on this link to view the chart.
You too can create such a chart at my website. You would need to have your own data in csv format to generate this chart.
Your comments would be greatly appreciated.

Dusant
Chief Architect
http://www.candlestrength.com/

[dusant]

Click on this link for the latest update on my series of EUR-USD hourly charts.

As always, q's would be explained as clearly as I can. Your comments also would be greatly appreciated.

Dusant
Chief Architect
http://www.candlestrength.com/

[Tekunda]

Dusant, I have visited your page and it seems that your company is offering its trading recos for free as long as you are a registered member.
Is this true? If yes, why? Everybody needs to make money and if your system is a great as it seems to be, there would be nothing wrong charging a certain price tag for your recommendations.
Could you please elaborate what the business plan for your company is supposed to look like in the future?

[Tekunda]

Dusant, one more word please.

On your mychart.com website your buy annd sell points are called CS and SH etc. whereas on your website candlestrength.com the symbols are called differently, which is LX, LE, SX, SE. Please explain why?
And a final question: One chart at mycharts.com also depicts an MACD histogram plus indicator. Why? To show how lagging the MACD is, or to confirm your charts.
I wonder why such a lagging indicator as the MACD is being used with your charts.

[dusant]

Tekunda and others.

Thank you for your detailed queries.

We are changing all our displays to "B", "S", "SH" and "CS", because our site is being visited by novice traders who do not understand technical analysis. They want simpler terms to be displayed.

We have, therefore, also dispensed with the need of displaying charts to those users who wish to only see the trading suggestions.

I have shown the MACD, to clearly display the difference between conventional signals and my signals. My signals are very much earlier than conventional TA methods.

My site is under beta testing, and therefore, we are not charging any money for registration. Our business plan is very simple. Once we are sure that all bugs are ironed out, and all our services are in place, we will be charging a monthly/quarterly/annual fee.

Another reason for keeping it free at this point is that learned and experienced traders who visit fora like this, can test it to convince themselves that it's a profitable and tradeable system.

The monthly registration is going to flexible, depending on what the user wants. It's being pegged at around US$ 30.00 a month. For forex it would be slightly higher. The announcement page for our services also would be up soon.

We plan to keep our registrations free, for people who wish to test our trading strategy, by disabling the last one month's of signals.

Thank you once again for the interest shown in candlestrength.com

Dusant
Chief Architect
http://www.candlestrength.com/

[Tekunda]

Dusant, thanks for your prompt reply. On you chart above I can see blue and red dots, very similar to the dots made by the Parabolic SAR intrument.
Are these dots created by your software, or are these dots made by the PAR SAR, which would be pretty identical to your buy and sell points. In that case it would of course make no sense running your service, if your computed sell and buy points could be achived by the simple PAR SAR method also.

[dusant]

Tedunka,
Yes they are intended to look like the Par SAR, but they are at least one, and sometimes two bars ahead of SAR, which is actually the cutting edge, between my math and the SAR.

As I said, compare and satify, and then only, subscribe.

Dusant
Chief Architect
http://www.candlestrength.com/

[dusant]

As a footnote, may I add that its is not a Parabolic Sar. Its a trend indicator. Computed by my software.

Once again I thank you for the interest shown by you in my website. And I consider it a priviledge to answer questions raised by interested people.

Dusant
Chief Architect
http://www.candlestrength.com/