hey all
i'm getting a few PM's about if i trade the 3 ducks ....
well to be truthful no.......
my posts were just showing that :-
1) its a good system and I recommend people looking at it - especially someone who is inexperienced and looking for a robust MA based system that has solid rules and proinciples
2) the FXcorrelator is a multipurpose indicator that can be used to show market dynamics very very effectively
look through the thread and contact me if necessary........I have offered up my 80/20 system as a core system for traders to learn the ropes
but when you have worked with me long enough and seen my ideas and approach you will see there are many ways to use the Tool to get success !
There are 3 "things" in Trading ...
I call it
THE TRADING TRINITY
1) the Market
2) The system
3) the Trader
1) is always right and the other 2 are
always work in progress...ALWAYS....if you want to be the best you can be
and yes the real real problem with being a newbie (in fact most people in truth) is that a lot of the time if you are losing money in trading you are not sure if its you or your system that is the problem...(2 or 3 )
so what do you do ?
you keep changing both dont you.... !
so dont sweat it tooo much.... we are all in that place sometimes
thats why you will see me recommend the following approach to newbies
1) pick a (Free) system that seems to do ok....anything ...go to the big threads here and find one with a lot of views ...that means they are followed and have stood the test of time.........if in doubt use a ma based method...perhaps with a little price action rules to keep it really simple
i'm happy to put one out there if you want ....
then trade it until you are an expert at the processes of being a good Trader (number 3 in the list).....and you cant blame the system as its stood the test of time !
but it loses sometimes NVP..even a lot.....
SO DO ALL SYSTEMS !
you cannot perfect yourself and your processes (3) as a newbie without a solid system.....once you are a solid and proficient trader then start persuing that holy grail (haha !)
believe it or not a very very proficient trader can do ok even on an average system.....because they always do the right things at the right time :smart:
N