Watching Nostradamus on The internet

Before you enter our site, please make sure your PC is configured correctly, and that you have the correct browser and settings to begin.

The site has been designed to be as 'minimal ' as possible, so that it loads and updates quickly, and users can see the relevant information quickly and clearly. Because of the use of Java applets, you will have problems in viewing our information if you do not setup your PC and browser correctly.Before you begin, we recommend setting your Display to 1024 x 768 in Control Panel, and that you use either Netscape Navigator version 4.7 or higher, or Microsoft Internet Explorer 5.0 or higher as your browser for best results. Please use the following instructions to identify and configure your browser settings ;-

Microsoft Internet Explorer 5.0

To identify which version you have, click on Help and then click on About internet explorer. If you do not have Internet Explorer 5.0, please click on this link to upgrade to this version.

To configure your browser please click on Settings, then Tools, then under Internet Options click on the General Tab. Under (Temporary Internet files) click on Settings-Then check radio button against Every visit to the page. Return to Internet Options and click on the Advanced Tab - next click Restore Defaults.....Click Apply -this will enable Java scripts

Netscape Communicator 4.7

To identify which version you have, click on Help and then on About Communicator. If you do not have Netscape Communicator 4.7, please click on this Link to upgrade to this version.To configure your browser please click on Settings, then Edit, then Preferences, then click on Advanced, then Cache.Click every time in "Document in cache is compared to document on network"

Entering the Nostradamus Client Area

Entry to the Client Area of the site is by password, and a free 14 day trial is available to any new user. Simply enter your details on the screen, and a member name and password will be displayed to enable you to begin.

After entering your member name and password, you will arrive at our menu screen.

Please note that in agreeing to use our system beyond this point, users accept that Nostradamus Systems Ltd takes no responsibility for the timeliness, accuracy, or liability for any risk position taken by any party based on the information shown on the site. Any action taken as a result of the information provided is entirely at the users own risk.

You may select any of the Instruments you have been permissioned for, or the latest Forex News. Our Systems Info details any problems that have occurred in the last 48 hours.

For each instrument, our page is made up as follows ;-

A five minute bar chart of the price action.

Nostradamus uses the bid side of the last updated market price of the instrument, taken from Reuters, to calculate charts, actual highs and lows, and our own COMPASS indicator. On the internet, we provide a 5 minute chart of the instrument - at the top of the chart in cyan are values for the time of the last update, the Open, High, Low and Last price of the instrument used to plot the current bar, and a current value for COMPASS in yellow, calculated from the Last price. All times on the system are always London times.

The yellow line on the chart is a historical plot of the COMPASS indicator, with a scale between 0 and 100 on the left axis. There is no intended significance to the yellow COMPASS line crossing the price action on the chart ; the COMPASS line is merely overlaid to save space on the chart.

We have marked in two relevant levels for COMPASS on the chart, the 80 level in red, and the 20 level in green, and these correspond to the red and green position areas on the COMPASS dial.

Limit minding system 

To enable the trader to monitor the market without the need to watch a screen all the time, we have introduced a system for monitoring the values of both COMPASS and the underlying instrument.

On the top corner of each graph is a button Labelled Alert Settings. When clicked the display below appears

Four fields can be monitored individually by sound, by a pop up window or both. The Level to check fields contain default values which prevent any limits being triggered. The current values of COMPASS and the instrument are displayed.

As an example, should you wish to warned by a pop up window once when COMPASS reaches 20, you should set the COMPASS high to 19, click the Play sound (which will remove the check in the box), click Alert every time (to remove it), then click on OK. The settings window will dissapear, and an alert box will appear when Compass reaches 20 or above.

The three buttons have the following meanings. Ok accepts the displayed settings and begins the minding process. Cancel ignores any changes made. Clear removes all checking.

Please be aware that once you have set up limit alerts, these will not be triggered if you are watching another currency pair.

We strongly advise you to experiment with the system before using it as a trading tool.

The prediction and track record window

 

Every instrument has a prediction and track record window that shows the most up-to-date predictions for the target high and low of that instrument for the chosen time periods. These are updated regularly within seconds of the close of the previous period, and show our prediction for the targets to come in the following time period indicated. Remember that predictions are a "snapshot" made at the beginning of a period, and that events may occur during a period to change the market.

On Foreign Exchange, 2 hour predictions begin at 00.00 London Time (LDN) on Sundays, and are updated every 2 hours until 20.00 LDN on Fridays. 8 hour predictions begin at 00.00 LDN on Sundays and are updated at 08.00 LDN and 16.00 LDN until 16.00 LDN on Fridays. Both these predictions are offset from the real opening time of the market on Mondays in New Zealand to allow the system to collect data on opening prices that may vary from the close on the previous week.

As these updates take place, the track record of our system is automatically updated to add the results from the previous period. We compare the actual high and actual low reached in the market with our prediction, and show our error rate in pips. The user has an appreciation of how well the system has performed in the recent past by comparing the actual highs and lows reached in the real market with the advance predictions made by the system. Please note that errors can be outside or inside the actual levels, but we do not differentiate between these in our error columns on the track record pages. All track record pages scroll to show the most recent time periods.

If you enlarge this window, you may need to hit the 'Refresh' button to reload the frame.

The COMPASS dial 

We give the trader a historical chart of the COMPASS indicator in order that he can see what COMPASS has been signaling in the recent past, and so be ready for the next signal in the future. The COMPASS reading updates on a regular basis, and must be watched constantly to get a true feeling for its signals. To give a quick and easy reading for COMPASS, we have added the COMPASS dial below the chart.
You may also launch additional COMPASS dial windows in different currency pairs by clicking on the blue link, and then drag them to any position on your screen.

When the pointer is in the blue RANGEBOUND zone the market will be moving sideways, and there is no clear directional momentum in the market, so our predicted high and low should be a very accurate range for that period. The COMPASS dial pointer will swing about within the RANGEBOUND section as the market moves up or down within the range.   .......................................Continue

 

If the market is building momentum for a move lower, the COMPASS dial pointer will begin to point down into the purple REVERSAL/SIGNAL zone, warning you that there could be a move lower beginning soon. Once momentum gets under way, it is quite likely that the lower side of our predicted range for the current period may be broken, so if you are short, you may choose not to buy back all of your position at our predicted low, or at all.   .......................................Continue

 

As the move lower in the market begins, the COMPASS dial pointer is now pointing firmly down into the red SHORT POSITION area, and you should stay short while it remains in this zone - COMPASS indicator may well go to 100 in a powerful move, but this is not the time to buy back, as this is when the most momentum is in the market move.     .......................................Continue

Once the move lower in the market begins to fade out, the COMPASS dial pointer will move back up out of SHORT POSITION, through REVERSAL/SIGNAL, and back into RANGEBOUND. The market move is over, and you should be closing out your short position. This kind of reversal signal is also the earliest buy signal.      .......................................Continue

 

Watch for the COMPASS pointer which may up towards the REVERSAL /SIGNAL area for a warning that an upmove is about to begin.       .......................................Continue

 

If the market reverses strongly the COMPASS dial pointer will move quickly up through the REVERSAL/SIGNAL, indicating a move higher is about to begin. Those of you who bought at the first buy signal will have bought at good levels in the market. You may choose to buy more, or buy for the first time, if the COMPASS dial pointer crosses REVERSAL/SIGNAL and moves into LONG POSITION.     .......................................Continue

When the upmove is strong, the COMPASS dial pointer will stay in the green LONG POSITION, and you should keep your long position until the pointer moves back down into REVERSAL SIGNAL.         .......................................Continue

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As the momentum of the upmove is lost, the COMPASS dial pointer will move back down into the REVERSAL/SIGNAL zone, and you should be out of your long position. This kind of reversal signal is also an early sell signal, and you may consider selling here.       .......................................Continue

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With the market leveling out, the COMPASS dial pointer is moving back down into the RANGEBOUND zone, and you should be out of your long position, and you may even have sold.         .......................................Continue

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Putting it all together to trade the system

Existing user quotes……………..

" When I am trading with Nostradamus, the first thing I look for is what COMPASS has done in relation to the market in the recent past……so I will look at the chart window to get a feel for what has happened………if there has been a good move lower in the market, and COMPASS has been consistently high, say above 80 for a long while, and is still high, it may be too late for me to join in this particular move, so I am looking for the next signal from the COMPASS dial for my cue ; if COMPASS falls below 70-80 area, the dial pointer will pass up through REVERSAL/SIGNAL, and that is my first signal to buy as we may get a retracement or even the earliest sign of a rally. At that point I will already have looked at the track record window to see how accurate the system has been before, and then be looking at the current prediction to see what it has for the coming period. Once I am in my long position, I am watching the dial carefully ; if the pointer goes back down into SHORT POSITION I will be squaring up ; if it moves up through RANGEBOUND I am watching for it to go through the other REVERSAL/SIGNAL area and into LONG POSITION to confirm I am correct to be long. If we are close to the predicted high for the period and I am long, I am going to sell out and take my profit on my whole position ; but if the COMPASS dial is showing LONG POSITION I am only going to cut half my position and run the rest until the pointer goes back down through REVERSAL/SIGNAL, which often gives me a higher level to sell."

" I went short when COMPASS crossed above 80 and went into SHORT POSITION and the market was falling fast so I was very happy ; but I hadn't really followed COMPASS for very long and so when it went to 100 I thought that was the highest reading possible and that I should close out my position. I bought back and the market fell another two big figures, and COMPASS stayed at 100 the whole time ! - I could have made a fortune but I bought back far too early."

" When COMPASS goes to 100, I don't buy back in that second, but I am watching very carefully afterwards because I know once the momentum has been lost, COMPASS can fall back down again quickly - in these situations I find it's probably better to get out sooner rather than later, before the price moves back up, so mostly I buy back before COMPASS drops down under the 80 level and into REVERSAL/SIGNAL again. There have been a few times when the move has continued and I have missed the last bit, but generally I am happy to lock in some profits by then."

" The market and the COMPASS dial was really rangebound all day, with COMPASS between 33 and 65, with the pointer in the blue RANGEBOUND section, and I kept selling close to the Nostradamus predicted highs and buying back near the predicted lows. I was looking at the track record and buying or selling close to the predictions plus or minus the average error rates over the last few periods. But at 4 pm they predicted a higher range with more room on the topside, so I this time I bought within 2 pips of the predicted low and sat with it, with COMPASS drifting up into the REVERSAL/SIGNAL area. Once the dial pointer went into LONG POSITION it was obvious the market was going to break its previous highs- you could feel the market momentum building for a rally. I didn't even think about selling out at the predicted high this time, and when COMPASS went to 05 I thought we would go on higher still ; in the end the move ran out of steam and I sold out when the COMPASS dial pointer went back down through REVERSAL/SIGNAL. I didn't catch the exact top of the market, but I sold out higher than the predicted high even then."

" I started using the system when USD/JPY was coming down from 122. I wanted to be short on the day, but when I came in and looked at the chart, COMPASS had crossed back above 20 ages ago in the Far East, and had then drifted sideways, so I missed the first sell signal and the better levels to sell. In the end I waited and watched the dial, and as soon as the pointer went down through REVERSAL/SIGNAL and into SHORT POISITION, I sold , and then kept short. I promised myself I would square up if the pointer moved back up into RANGEBOUND, but it never did the whole day. I bought back in stages on the way down, but I could have held on all the way because COMPASS never climbed out of SHORT POSITION all the way down. In fact that whole week it apparently never went back under 71! I don't tend to hold positions overnight so I was never going to capture the whole move, but on the days when it was really crashing, I was always short and quite comfortable to stay short."

" I was watching COMPASS at exactly 10 am and was short EUR/USD with the COMPASS dial firmly in the red SHORT POSITION zone, I was getting readings of 88, then 91, then 92, then 90 - the market was coming down, but the momentum seemed to be fading out; suddenly it went back up through REVERSAL/SIGNAL and into the blue RANGEBOUND section and the market started turning higher again so I got out quickly. It was a good indication that the move was over. I like the system because it suits my short term trading ideas, but keeps me in if I decide to keep the positions a bit longer."

" I tend to have a general idea of what I want to do in the market, and then use COMPASS to support or destroy my theory. If I wanted to buy on dips and the COMPASS dial was pointing to SHORT POSITION I would probably hold off and watch for it to point at REVERSAL/SIGNAL. Some of my best positions have come from times when we have had a move and the momentum has faded away, and I tend to be a bit of a contrarian player anyway. When the retracement comes, the COMPASS dial pointer gives you a good signal on when to buy, and you can set a close stop-loss based on COMPASS or the recent error rate added to the latest prediction. This is how I make money with it."

" You have to get comfortable with it and be disciplined to watch it all the time. The first week I had it I only looked at COMPASS occasionally. Now as soon as I open the system, I look at the chart at the top to see what COMPASS has done, and then go through the track records. Then I maximise the COMPASS dial to get the bigger version up, then adjust the browser window to that it is in the top left quarter of my screen - then if I want to look at another internet page I open Internet Explorer again so I can watch that separately, and I never lose the COMPASS dial from my screen. It's not a substitute for having your own idea, but if you have the right position when the market moves, it is good at keeping you in. I still sometimes get impatient and close out too soon, but in general it has helped me hold on to my winners that little bit longer."