3rd Week of August

Using Daily Charts for Analysis this weeks High and Low was very predictable, what was challenging was to determine on which days to trade trends.

I am using Larry Williams Blast Off indicator to tell me which days will most likely have large Ranges:

range1 = Math.Abs(Close[0]-Open[0]);
range2 = High[0]-Low[0];
Plot0.Set(range1/range2*100);

This formular gives you an osciallator what will tell you when the value is below 30 that the next day will have a large range (e.g. HUGE $$$ Profits) and if the value is above 66 the next day will be a choppy sideways day (avoid trading play golf instead :-)

To make the weekly summary short:

• Monday was the common trendcontinuation day, Tuesday and Thursday Range days because prior days had large ranges, Wednesday and Fridays started oversold on such day the Stochastics Strategy performs the best as you can see on attached screenshot.
  

So all in all my trading improved a lot this week, not only have I now sound rules when to trade which strategy, I also "re-discovered" with the ART Trading the entry method that has the lowest risk. Looking forward for next week to prove once again that my trading style will outperform ANYONE else :-)