It's confusing, bottom of p14 in the ebook re purple/grey

Enter the Tardis
Post Reply
junenguyen
Posts: 4
Joined: 05 Sep 2011, 16:37
14

It's confusing, bottom of p14 in the ebook re purple/grey

Unread post by junenguyen »

In the ebook, at bottome of page 14, please clarify about trading with purple and grey line. It writes "As long as we are trading into any one purple or grey line, we are trading against the higher time frame's trend. Never trade against the purple line BUT IF THERE IS still some room for price to move, it's ok to trade toward the grey line (REALLY?). It could serve as a good target (HOW?)"
User avatar
snowman
Posts: 77
Joined: 21 Aug 2011, 15:55
14

Re: It's confusing, bottom of p14 in the ebook re purple/gre

Unread post by snowman »

In the ebook, at bottome of page 14, please clarify about trading with purple and grey line. It writes "As long as we are trading into any one purple or grey line, we are trading against the higher time frame's trend. Never trade against the purple line BUT IF THERE IS still some room for price to move, it's ok to trade toward the grey line (REALLY?). It could serve as a good target (HOW?)"



Hi June

Imran does not recommend for people new to the system to take these type of trades, only to trade away from the purple line. He has also said to remove the grey line as it was proving more of a problem than help to people.

This is the best way I have heared what Imran is saying put. Your taking your dog for a walk in the park, now Imagine the SMA as a path and price as your dog, you have your dog on one of those extending leads. The dog will wonder all over but ultimitly he will always return to the path. The theroy behind using the right MA is it will bonce of the MA. Hence if the price gets to far away it will return to the MA before continuing in the same direction. The 50 SMA is a common one people use on a 15m chart.

Hope this helps
David
User avatar
John Wimberley
Free Member
Free Member
Posts: 92
Joined: 11 Aug 2011, 15:04
14

Re: It's confusing, bottom of p14 in the ebook re purple/gre

Unread post by John Wimberley »

Grey line does refer to a much higher time frame. As we primarily trade M1, we really don't care that much what the H1 or H4 is doing... We can take 20 or 30 pips on an M1 setup, where such a move on H1 and H4 hardly registers a change.
As such we are asking everyone to ignore the grey line. It can be turned off under Aimstigator's input tab.
Trade what you see, not what you think

John Wimberley
Post Reply