Thanks to the process of self-publishing a book explaining my approach to Forex trading, I finished validating all my settings last week and have nothing else to do now other than entering positions when everything is aligned and exiting when it makes sense to do so. (I'm currently short USDJPY from around 109.97, with a tentative take-profit target near 109.16.)
I therefore popped back in here out of curiosity to see what was going on, but it looks like IAlwaysWin hasn't been here since May 12th. So, what happened to, "…on Tuesday I'll post a few live signals on this thread"?
On May 9th he wrote that he would be buying EURUSD 8's, 5's & 3's, with the Euro-U.S. dollar opening the next day (on May 10th) at 1.2159, and then dropping down to 1.2050 by May 13th.
My numbers suggested buying EURUSD the next day, May 14th, after it cleared my "buy zone" between 1.2054 to 1.2078 (see Post #54 in this same thread). The pair is now up to 1.2197.
So, I was expecting to see something new posted here from IAlwaysWin, given how he has cracked the "real Holy Grail." But, it looks to me like he's contributed nothing new since May 12th. (I see he has another thread titled “MTF Holy Grail Forex Strategy” along with one titled “Perfect BO Signals for 1 Month – Is this the Holy Grail?”)
Though I don't quite agree with Ponmo, I sort of get where he's comeing from…
For me at least, there is no one single Holy Grail. To me, it's more like what I get from the Shadow Trader, Peter Reznicek. There are any number of factors, or data points, impacting on price, with the Holy Grail being the ability to figure out the correlation between them.
It's all about interpreting what's happening at the moment based on market generated information, which I interpret as technical analysis. (I don't trust what Reznicek calls non-market generated information, provided I'm not mistaken in assuming what he's talking about are the fundamentals.)
It comes down to what James Dalton called "ruling reason," or the current ethos, zeitgeist, feel, and/or tone presently driving the market. Reznicek writes that it "can be something as simple as 'the market wants to tag this particular psychological level,' or more nuanced like underlying Fed policy or heightened sensitivity to news events."
Yet, like I said, I don't trust all that stuff. For me, ruling reason simply comes down to the mathematics—it's the numbers—the correlation between the market generated information mentioned earlier, the summation of all those correlating data points, plain and simple.
That's how you crack the Holy Grail from my experience. But, then again...that's just me.
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