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Dear Michael,
I really liked your analogy of the waves.
I day trade CFD with 500:1 leverage. Wow! I’m still alive and profitable. My “Seascape” system draws on my experience learning to surf in Malibu. As a surfer the “Waves” are what you see. In trading these are the candlesticks, various moving averages and Bollinger Bands. The “Currents” are what you cannot see but when in the water standing on the sand you feel them. Tide going out? Current heading me towards the rocks? In trading the “Currents” are the things you cannot see clearly. But you sense them when price doesn’t move up much but MACD, OsMA, Stochastics, RSI, A/D, OBV, MFI, Volume histogram, ADX, etc. give the game away – big money is quietly accumulating. Price is likely to move up.
Sorry, but I never subscribed to your service – but I credit you with turning me into a profitable trader. Your emails and podcasts drilled a hole in my head. Thanks!
If you ever come to the French Riviera, I owe you a significant lunch.
Best,
Robin
500:1? Ouch!
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