V. 8:14 (580-583): MYSTERY CHARTS - GIVEAWAY MYSTERY CHARTS
Product Description
MYSTERY CHARTS
GIVEAWAY MYSTERY CHARTS
Yes, I suppose I gave away the June chart when I said it was a currency spread ( Figure 1). On the other hand, it turned out there were a lot of currency traders! Picking a winner this time was tough. There were no wrong entries and the quality of the trading was strong.
Given the straight-line trend of the Deutschemark/yen spread, it wasn't hard to come up with straightforward trading and good results. I usually give big points to simple solutions, but this time around I had to hand the award to a unique approach by Raymond Marten of Baie d'Urfe, Quebec (Figure 2). The only demerits I gave him were his vagueness in exiting the trades. Let me add that the very close second, was Malcom Biddle of Sydney, Australia, who was more conservative (trading for a bank). Seeing an overextended move well defined on his indicators, he held off from the final runup and projected a trendline that turned in a beautiful reversal signal. Unfortunately, his graphs cannot be reproduced here—they're in non-repro blue and orange, which comes out printed as blank and black! Instead, I offer a similarly detailed analysis by Bob Skarsten (of Wilton, NY) using everything from Elliott wave to MACD histograms.
GIVEAWAY MYSTERY CHARTS
Yes, I suppose I gave away the June chart when I said it was a currency spread ( Figure 1). On the other hand, it turned out there were a lot of currency traders! Picking a winner this time was tough. There were no wrong entries and the quality of the trading was strong.
Given the straight-line trend of the Deutschemark/yen spread, it wasn't hard to come up with straightforward trading and good results. I usually give big points to simple solutions, but this time around I had to hand the award to a unique approach by Raymond Marten of Baie d'Urfe, Quebec (Figure 2). The only demerits I gave him were his vagueness in exiting the trades. Let me add that the very close second, was Malcom Biddle of Sydney, Australia, who was more conservative (trading for a bank). Seeing an overextended move well defined on his indicators, he held off from the final runup and projected a trendline that turned in a beautiful reversal signal. Unfortunately, his graphs cannot be reproduced here—they're in non-repro blue and orange, which comes out printed as blank and black! Instead, I offer a similarly detailed analysis by Bob Skarsten (of Wilton, NY) using everything from Elliott wave to MACD histograms.
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