Weekly Review - Risk on Risk off does anyone know which way we are going ??? :-)

This week I decided to try and record the weekly review - so have a look here:

New update looking long now

3 members like this

Comment by JT on May 12, 2012 at 5:50pm: Thank you Lisa - I had fun doig it :-)

Comment by SuB Zer0 {FX} on May 12, 2012 at 6:11pm: Repainting indicators ? Seriously ? You must be new to trading Jet lol :P Let me explain how the repainting indicators work on your charts for example a good reason why I don't use any indicators on a chart. You have a set of variables and when those variables are reached lets say -200 on CCI for a given time period you will get a dot so lets say that dot or line or whatever the indicator draws on your chart with the instrument being at x price 1.3000 then it goes to 1.2900 and the bar closes it moves that dot to the low but then it goes to 1.2800 and then the dot moves again to the low. So how do you use that if the dot started at 1.2800. Well this will cause most newbie traders to just add until it turns which what if it does not turn till 1000 pips or points below because the dot will always be right it will keep drawing till the low is made "hence called repainting" then when it finally goes up the dot stays at the lows lol... Repainting indicators imo unless used on small time frames with ATR methods are for Newbie traders waiting to over leverage and blow their accounts. Unless you trade intraday and have a method for them be aware of the dangers of a repainting indicator ;)

Comment by JT on May 12, 2012 at 6:26pm: 7 years is a short time in some ways - but long enough to ignore someone like you who does not have a clue how I do what I do - I don't criticize what you do I would appreciate the same respect.

That being said the finer points as to when and how to enter are a BIG part of what you don't understand (repaint lmfao armature) - if you watched the vid though it CLEARLY works once we have multiple time frames confirmed in one direction the vid proves the trend continues for GOOD LONG TIME - but thank you for the opportunity to prove what people don't understand they criticize

Comment by SuB Zer0 {FX} on May 12, 2012 at 7:54pm: Sorry Jet Fx but "BOOOO!" You are my new Guru :)

Comment by raj patel on May 12, 2012 at 8:09pm: Jet Good Show but please be careful of picking the tops and bottoms based on this indicator it will show many bottoms and tops before what you see in a historical chart as top and bottom. you could end up buying many times or selling many times based on this type of indicator thinking it is the top or the bottom. I am a coder and i Know how this is done take it on face value

Comment by JT on May 12, 2012 at 8:33pm: Thank you raj yes i agree - but it is a rule based system - there is a right time to enter - I understand what Sub is saying about semas but he's wrong they do not repaint they are in the process of painting till they "lock" - that's what gives most people (including me in the beginning) the hardest time and why they say it does not work - any indie is useless without knowing how to use it and believe me this is the easiest thing I have ever done that took me forever to figure out :-)

Comment by raj patel on May 12, 2012 at 9:13pm: Jet all i am saying is that this type indicator will have many bottoms by being GREEN bar and yet the price will continue to fall till it hits the bottom so you buy the first green signal and then price drops again and it shows green again and buy again and the price again and again you may be out by 100 pips by then so in reality it does not pick THE BOTTOM first time if you are happy with this then so be it My consern is for you not loosing money mate i dont care about the indicator i have tested hundreds of this type of indicators in my time and found them to repainting

Remeber no one will sell you an indicator if its holy grail and 100 % they rather keep it for them selves to print money.

Comment by Peter jcp on May 12, 2012 at 9:28pm: Hi Jet and Raj - just on that point Raj have you ever been able to rewrite a Chaos Fractal to only paint after say 23 minutes - or another time limit according to your requirements ?

( the Doc's old 30 min rule on highs and lows - but that was fairly general )

Comment by raj patel on May 12, 2012 at 9:47pm: Peter,

if the 30min rule was coded in logic then it would repaint as its not asolute to the time but if it was observe at 30 min for a logical answer then the result is defer till next observation and that is 2 hours for a signal to trade that is not repainting because a commitment is not made as the rule did not meet the criteria of commitment. coded logic will tender a result as it has no futher intelligence to alter the outcome thus indicators of any nature will always repaint if a logic AND is the sum of 2 integers to an out put of 1. Binary computations remain logical as long as the sum derived for it are logical.

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