in whatever economic circumstances, there will be a need to invest money somewhere somehow to generate return.
a good moo river trading system should invest in the high probability low risk high return (HPLRHR) trades around the world, identified by the moo river watch system
at the moment, my trading is still too rigid in sticking to the ftse100 only.
over time, I might need to change that to adapt to market conditions.
07:28am, 8th April 2009: I will try to incorporate the candles sticks, chart patterns as well as ewt into the moo river watch, though at the moment, my knowledge about all these three is limited.
always look at both possibilities, rather than looking for arguments or evidence which support the current trend, particularly in terms of momentum moo rivers.
06:33am, 21st March 2009: I have started to use parabolic SAR to count the waves in the moo rivers.
15:28pm 15th March 2009:I have added the momentum indicator and eldray indictor to my moo river watch list and see how it tells things.
15:58pm, 4th March 2009: the sequential nature of events, waves, moo rivers is something that has been explored by my brain today. The more I look at my charts, the more I begin to understand what an ending wave often turns itself into a dual role of a starting wave, hence a crossing in a downstream moo river leads to a crossing in an upstream moo river. Hence, we always notice the missing Wave 5 in Elliott Wave terms, because the final wave has been morphed into the new Wave 1, playing its dual role, which tends to confuse the eyes.
10:58am 4th March 2009: the sequential nature of the different time zones is becoming clear to my mind, it should play a key part in moo river watch. For example, downstream moo river on weekly with upstream moo river on daily, the latter is merely a crossing in the weekly moo river. It is a chicken and egg sequential consequence, though hen lays the egg, egg becomes a different hen and lays another egg and so on and so forth. While the initial egg is determined by the hen that lays it, the development of the egg later could change into a different hen altogether.
06:26am on 6th February 2009: I have further improved my understanding of stoc, rsi and macd and the combined use of the three indicators, which will enable to further improve me as a moo rive system trader.
22:28pm, 30th January 2009: When I have time, I will take a look at Delta Turning Points Theory as well, as I always finid it intriguing that some analysts can actually give a time frame for their analyses, e.g., this bull run will continue for the next 14 days.
21:23pm, 24th January 2009:a recent additional to moo river watch is the observation of the behaviour of the RSI. Will give it a go and see how it helps to improve the moo river watch.
19:35pm, 10th Janaury, 2009: The moo rivers never stop and one can never get into the same moo river twice, so must be my systems development. Increasingly, I am seeing a big value in incorporating the ELliott Wave Theory within the Moo River Trading System. I still need to study EWT in further details. But by combining my simplistic EWT, I am enjoying the waves in between the moo banks. More interestingly, it will help us to identify trend trade days and scalping days, which are two completely different types of trading days, where one has to have a different trading style and plan for each.
For the Moo river trading system, I am already watching moo rivers across chart, macd, stoc and rsi. But I have included a watch on VIX as well this week, thanks to my bear friend Stubear from down under. I am also going to incorporate more watch on the tangling of different MA lines on the chart to give us more accurate timing.
The Moo River Trading System is a system under constant development, but it has been tested to the extreme to last year's volatility, where I not only survived, but also made some handsome profits. But there is better days to come yet for Moo River Traders.
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