New indicator due to be launched

[bugsley]

A new indicator is due for launch this Friday afternoon after many years in development. It's progress was put on hold a few years ago due to social and media pressures preventing it's development.

There is no doubt that this indicator could have a major impact in some areas of directional trading. The Head of Technical Indicators Inc. of New York, Dr Frank Orex is quoted as saying " This new indicator can, at times, give extreme signals in certain circumstances, although we have been monitoring its progress and potential impact on markets with considerable interest"

The official launch will be mid afternoon Friday 8th.April and there is expected to be considerable media interest, even outside of currency circles. Dr Orex continued "It is not very often that we get to see the official launch of an indicator which can have such a major impact" and added "it is a real priviledge to see history in the making. I doubt there will be many traders who have exprienced a Friday on the currency markets such as we will see this week"

When pressed for further information on the nature of this new indicator, the only comment from Dr Orex was that it's significance to trading would be second only to the Camilla pivot indicator. Rumours are circulating in the market that it will be called the Charles indicator, but only time will tell.

Copyright : Lily (The Dog) - Cnotta.com - 2005

[socrates]

hehe
I like the name, Dr F Orex

[Trevman]

so where do we get this indicator, or at least find out more about it? is it free or another 'holy grail'?

[rollingstone]

Whatever the indicator is it still won't have the power to change the market behaviour.

If a pair gives a false move up then drops like a stone no indicator will keep you out of the false move and put you in the real one.

The starts of both moves in many cases look identical, and any indicator however good it is, is still only reacting to what the pair has done.

[mart_hart]

This indicator is really old hat now, and had been used with the Camilla for a lot of years, I don’t think Fridays release will be anything special.

I use 2 as a cross and have had a pair of Charlies on my chart for some time now.

Be wary of Dr F. Orex he has lead many people astray with promises of wealth only to leave them broke and disappointed.

Martin

[garyh]

The rumor I heard is it's just a recalculation of the MACD using proprietary calculations for the MA's that are actually just copies of Jurik's stolen by a disgruntled employee. I also heard that Dr F. Orex's real research studies are in the field of weight loss, particularly in the buttocks regions (or where ever keep your wallet).

Gary

[bugsley]

Well I don't think we should be too hasty in condemning it.
I hadn't understood that it had been used so much with the Camilla.
Martin, are you absolutely sure this is the real Charlie or could it be some lookalike with a different Title that's doing the rounds as so often happens?
Let's wait till Friday and see if it rings a bell with anyone.

Regards

Bugsley

[mart_hart]

Must admit, think I have a clone.

The one due out Friday (or maybe Sat)

Is a Proper Charlie.

Martin