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In a previous post, I made reference to my desire to have a volume indicator to supplement Perry's system. I also stated that I was using a commercially acquired one. Well, I sort of felt guilty about saying that in this forum so I started looking around on Big Mike's. It just so happened that Big Mike himself had recently developed one called Volume Graph and it is available for download. It "looks" a little different from the one I am using, but it conveys the same information. And the best part, it's free. I am attaching a scrrenshot. TechSmith | Screencast.com, online video sharing, 2010-10-16_1059
I am learning Perrys's method, so far I found the most obscure part is " EMA5 has gone down(or up) at least 2 bars", since EMA is line, not bar, it is really hard to locate the SETUP bar. from Perrys's chart, most bars have body above EMA20. is that true?
on the other hand, if one bar is crossing exactly at EMA5 turning point, should we count it in? should we include counter-trend bar in those 2 bars?
If you trade currency futures yes. Otherwise if you mean the spot currency market no, since you have no volume information. I already typed this in one of the posts of this thread.
