No, no voodoo and not many signals if you're looking for the right thing.
On the DMPlus - I find it much easier to see that signal with a very thick line
(Size 4) for the ADX Above (green). If that line is not present, for instance it's
absent during chop, there is absolutely no valid setup. But you need to make the
line wide so you can see it. On the 6S today, that thick green line was absent
about 75% of the time-so no trades when you can't see it. That thick ADX Above
line is sloping UP when there's a short or long trade. Then it's just a question
if the DI or ADX Below is also tracking the ADX Above and turning up above it for
either a long or short, respectively. Of course, all the other rules apply. The thing
about it is that it's sometimes delayed and you might have been able to get in
earlier with the Force Index, but if you have both indicators in unison and all other
rules apply, it's 100% good.
About the principal's office, there's more power in two. So we'll hippity hop over
there together. Here's a chart with one setup, for example. The arrow points to the entry. You couldn't take that trade any earlier b/c the FI was off.
The following user says Thank You to plethora for this post:
Actually I got a couple more signals then you did. The reason why I went through the entire post last weekend and picked up all additional considerations I could find, is because I wanted to filter the signals of the DMplus Signals indicator. I put in a little time on it a couple of nights ago and added some of those filters. I keep asking the people who trade the system with those phenomenal win rates for their input, because maybe the reason for their success might be identified, (if they are willing to divulge it), and perhaps quantified.
Here is the way the same chart you showed looks with some of the additional rules on the indicator. The dots are the original indicator signals, the triangles are the filtered signals, the letters are the codes identifying which filter negated the original indicator signal. With indicators of this nature the better your filters are, the better signals you will get... If people are willing to share their discretionary filters (voodoo) If people were more willing to share their charts like this, just showing all their trades, with or even without their reasoning, we would all learn enough to be getting 105% win rates
The following 3 users say Thank You to monpere for this post:
Most people following this thread are familiar with the indicator. It identifies the setup1 and/or setup2 signals long and short with green and purple dots respectively, and identifies the entry price for each signal with the purple or green lines above/below the candles. I squeezed down the chart to capture more candles in the image.
What is the name of that indicator, please?
You're telling me there's an indicator that identifies whether the trade is Method 1 or 2?
And it signals Long or Short?
And it tells you the entry price?
I want some of that voodoo too? ROFL
Where's the crossing guard?
Are you referring to the automated system?
I haven't even peeked at that thread.
I'm keeping my charts as close as possible to what I imagine Perry's charts look like. I just haven't seen one of his charts in a while and would like to for a reality check.