cookerburra
Newbie
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Thankyou all. It all seems so obvious!!! Happy trading.
fudgestain
Well-known member
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Simply Marvellous, Angel! ..cookerburra said:
.. oh Wonderfully Moving, Angel .. can we do it again?
Trading System Works
Quite honestly I have been using this system on a demo account even before I read that post. There are many other articles (at least one other) that I know of that tries to trading the 15, 10 and 5 minute charts following the MACD histogram, CCI, RSI, and Slow Stochastic %D with exponential charting methods to highlight swings.
No surprise here that if the news is relatively neutral, you can quite accurately predict 15-20 pip swings at a time. Once all of the indicators align themselves just place the order with your stop set at a marginal 25 pips the other way.
I highly recommend trying these methods using the candle charts on a demo account and see for yourself rather than relying on the opinion of someone else.
Like the guide indicates, timing is everything. That is more important than whatever method you use.
Best of luck to all of you.
Quite honestly I have been using this system on a demo account even before I read that post. There are many other articles (at least one other) that I know of that tries to trading the 15, 10 and 5 minute charts following the MACD histogram, CCI, RSI, and Slow Stochastic %D with exponential charting methods to highlight swings.
No surprise here that if the news is relatively neutral, you can quite accurately predict 15-20 pip swings at a time. Once all of the indicators align themselves just place the order with your stop set at a marginal 25 pips the other way.
I highly recommend trying these methods using the candle charts on a demo account and see for yourself rather than relying on the opinion of someone else.
Like the guide indicates, timing is everything. That is more important than whatever method you use.
Best of luck to all of you.
kosai said:
I must agree your reply kosai it all depends on trading style etc and timing ....timeframes etc so i dont like indicators beacause of timeframes to many anyway i do ok without any indicators i like the biggeer timeframe on for example lower timeframes (sup/res) and only focusing on reversal patterns and trendline breaks. That gives me a quick decision making strategy so its a kind of fun with trading many diferent ways to se the art of trading most important is profit i wish all happytrading
Glenten
Baruch said:
Selv tak
If your platform dont have room for many indicators roger that but to be very very honest dont chase the holy grail u will not find it if you is chasing the holygrail chase it but the holygrail is You but personally i have not find it yet even that i do ok in livetrading im stil to scared sommetimes. to trust your self is the holy grail in my opinion Happy trading
Unfortunately no trader or system makes profits one hundred per cent of the time. All systems can be shown to lose money some times if not all of the time. A bad system is only bad while it is not making money when it works it is the best system in the world.You are not trying to beat the market but try to be in sync with it..
Glenten said:Selv tak
Happy trading
I don't believe in trading systems, and I don't like those holy grails vendors (like Soultrader and his buddies), which always are trying to rip off newbie traders.
But I think this free system is as good as any which you must buy for a lot of money.
philhackett
Active member
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It isn't the Holy Grail. It is just an oportunistic site designed to make money for the owner. If you are going to trade Forex keep it simple.
Many fund managers simply use two ema cross-overs as follows.
Put Bollinger Bands on your chart to give a clear view of trading activity. If the bands are narrow, stand aside until they start to blow open and then follow the ema's as follows. Put an ema set at 8 and an ema set at 34 on your chart and simply trade the cross-over in the direction of the market, waiting for the second candle to develop after the Xover to confirm that it is not a minor retracement. Trading UK hours you will do well using this simple system. Just enter and leave when the cross-overs occur.
Go to eSignal university and read Joe Dinapolis method if you feekl that you need some indicators ton your chart too. This an easy to back test system.
Phil
Many fund managers simply use two ema cross-overs as follows.
Put Bollinger Bands on your chart to give a clear view of trading activity. If the bands are narrow, stand aside until they start to blow open and then follow the ema's as follows. Put an ema set at 8 and an ema set at 34 on your chart and simply trade the cross-over in the direction of the market, waiting for the second candle to develop after the Xover to confirm that it is not a minor retracement. Trading UK hours you will do well using this simple system. Just enter and leave when the cross-overs occur.
Go to eSignal university and read Joe Dinapolis method if you feekl that you need some indicators ton your chart too. This an easy to back test system.
Phil
Baruch said:
Pip Stalker
Newbie
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Yes! Where does it say it is free? It sounds like an intro offer to me , probably with automatic withdrawl from your account thereafter. If so, you will learn nothing untill you pay eventually, then it will probably just be a signal service. Am I wrong about this?Baruch said:
