Thanks coolncalm! And thank you & all the rest for your work on this. Will be following closelycoolncalm wrote:Today seems to be another good day for 10.2A CTS on some euro pairs (EU, EG, EJ), as they seem determined to go beyond what was achieved yesterday, having now broken free of pivot resistances on a 2nd attempt and gone past BE trigger points. Not sure how long the rally will last, though, as the channels are still downward (they are all range trades); we'll see...
For those who may still not have grasped the thinking behind the system, here's an analogy; hope it helps:
10.2A CTS basically treats price like a rolling ping-pong ball and makes absolutely no attempt whatsoever to predict where it may go next (its a random walk), but focuses instead on the ball's properties and its fairly predictable behaviour under certain conditions. For example, if a ball losing momentum hits a glass floor/ ceiling at a relatively low weakening speed, it should bounce backwards off the glass. As a ball will need sufficient distance between it and the glass to gather enough momentum to break through it, as long as the ball's speed has already weakened and it is now very close to the glass, hitting it hard will only lead to a higher bounce and not breakage. So by knowing the ball's momentum record and how close it is to a glass barrier (S&Rs - pivots, higher TF highs/lows), the most probable behaviour of the ball at certain points based on its properties should be estimable, tradeable even. At other times, its anyone's (often wrong) guess.
10.2A CTS leads seamlessly into NB10.2A in the ball analogy with the scenario that if a ball having bounced, has now been hit very hard while at a sufficient distance from its next glass target, it will break through the glass and go far (trend) with little resistance.
