Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Next - I will try setting Entry Orders at the anticipated OmegaWave Intersection. This should provide me with more entry precision on faster moving markets. I will still manually control the Stop and the Limit, however.
I'll also be trying a different Trigger level for the OmegaWave itself. Looking at the historical data taken from the indicator, I wonder if the added risk of entering at a lower Omega-Abs level such as Minimum Omega-Absolute, can be offset by a larger number of trades that have higher profit range opportunities.
1900, now on deck.
Can you help answer these questions from other members on NexusFi?
I'm down to about $95 buck in the Education Fund. So, I'm going to have pick up the pace quite a bit. But, of course - this is how I've done it for 11 years.
Notes: So, on this one, I'm using roughly 50% of Minimum Omega-Absolute at the entry level. If this runs to MnO, its a free 20 pips. If it runs to MxO, its a nice 48.9, as MxO is still 73.9 pips. MnO was struck and the structure of the trade was good. However, the added risk to the trade by accelerating the entry, caused too much draw. Since the OmegaWave is in its compression phase, the Omega-Absolute range gets squeezed and that places a premium on the Timing of the entry. So, I like the structure, but I will have to find a better early entry rule, if I intend to use these before the OmegaWave Intersection. Got the Minimum Omega-Absolute strike, but too much draw consumed the profits.
Closed
3472.8
BE
Omega-Absolute turned into Blue Bars, indicating a Wave in compression phase. This makes the weak move in Omega-Absolute to its Minimum level (Purple Solid Line) clearer. Not surprising given the late hour in the trading session.
I'll continue to play with the early entry into OmegaWave trades by making adjustments to the ratio of Omega-Abs consumed before entry, to the Minimum Omega-Abs Value. I believe there will be a sweet spot found somewhere between that range of volatility on the H1 bar under normal market conditions.
If Photobucket doesn't work well then try imgur . com for the image hosting, it is by far the best and largest site now. It beat tinypic, photobucket and all those other sites in a matter of months because it doesn't suck like them. In fact it is in the top 50 (correction: 100) most visited sites now according to alexa.
Overall, I can't place to much weight on the negative side of OmegaWave today, given all the tweaking midstream that I was doing with it. I'll be doing some more tweaking tomorrow on the entry as well, trying to maximize profits while minimizing risk, which is always a difficult thing to do. It is either going to come down to sticking with the standard OmegaWave Intercept entry protocol, or using an earlier entry while assuming the responsibility of added draw risk in return for a higher profit range. The standard entry worked well on all OmegaWave signals today, once again - though I did not trade most of them due to making tweaks and being held hostage by residual Fed new yesterday. However, I expect to see better entry opportunities tomorrow.
Looking forward to Friday at 1200 hrs GMT and the task of recovering a paltry 302.8 pips.
"But for now, he explained, 'we are not claiming things, we want just to be helped by the community in understanding our crazy result - because it is crazy'. 'And of course the consequences can be very serious.'"
While I would suspect that 15 thousand runs are sufficient to cause concern, I would also expect that additional independent research projects would be undertaken at times that also took into account the amount of high energy solar radiation from sun flares that propagate back to and penetrate the earth's surface. If the muon's are changing at the target, then we need to know whether or not the changes are normative or abnormally derived.
My initial guess would be interference from CME in the M to Xn classification, but that's a shot in the "dark".
Otherwise, if we are going faster than light photons, then that does seem to change a lot (the understatement of the century).
Yes indeed! Now with the rest of your reply I understand very little of what you said. As you can probably already tell by my writing style. But I will blame that on my young age for now hehe.
Have you reached your original revenue goal yet? The one where you were about 7.5% the way in 2006 I believe.
1200 OmegaWave
Long
3466.8
3501.6 (dynamic target)
+18.3 pips
Notes:
MnO struck at 0900. No MxO strike prior to 1200. Optimal entry was at OmegaWave Intersection and that was 3461.7. I missed that due to being about 20 minutes late to work today. One thing I've noticed for certain is that the Timing of the OmegaWave entry has to be precise. Failed Timing on the entry seems to result in significant draw.
Here's where I run into an unsolved problem. My dynamic target is greater than the number of pips yielded during the hour in which the signal was derived. I'm supposed to exit the trade at the end of the hour, or when the target is struck within the hour. So, for now - I'll exit on the hour and look for the next OmegaWave in the next hour, until I can do more study to find the nexus between unmet dynamic targets across contiguous hours.
I don't yet have a targeting algorithm for the OmegaWave yet as I mentioned earlier in the thread. So, I expect those to be rather sloppy. The certification process does not require targeting as a metric because its already a part of the larger system. As long as I get good launches to every signal, that's enough for me to certify. I'll deal with the targeting at a later stage.
Looks like 3501.6 was a good target in hindsight, but it would not come within the hour of the signal, which is another problem I'm going to have to work through at a later time.
1300
OmegaWave (option 2)
Short
3458 (dynamic)
3429.1 (MxO)
Removed
Note:
*** All entries and all targets are dynamic and subject to change right up until they are executed. I cannot post those minute details on-time in such a forum as this ***
Long Entry option has been adjusted and triggered.
Short Entry option has been removed.
MnO has not been struck during this hour, and there are only 15 min remaining. So, either this hour's Omega-Abs gets really compressed during the middle of a Daily Omega-Abs expansion cycle, or price is about to have a small scale explosion for about 20-30 pips.