I am the fella trader next door who got the ability to make money in this market, and I think with my help you can too if you are not profitable already.
To me being profitable is not just enough, but rather to be profitable consistently!… Consistent enough to produce each Day, Week, Month, Quarter and the Year. In this thread I will show you how to become exactly that if you follow me to the teeth.
I will simply lay out a simple Trading Plan and all you got to do is to follow it, to eventually Master it, and to eventually make Money… sound good!!... I hope so.
Ok… let’s roll…
As you see above the name of the thread is “Price Accordingly”… in other word, getting in at the right or cheaper price by Selling on the top and Buying at the bottom so if things don’t go as planned there will be enough room to maneuver to whether settle for the minimum profit or lose reasonably or for minimum. Now, to “Price Accordingly”, we all know that it cannot be done precisely or accurately at all the times, but with some well planning and mastering of that plan the success ratio can be increased for an a EDGE which could lead to eventual Profitability and Consistency.
In this thread Price Action is the cornerstone of what we do… we will have couple of indicators to go along as well, only to set us up for clearer vision, earlier preparation and the use of clearer guidelines and rules to build around, in order to SEE and not miss signals and to REACT in a timely manner to either reject or accept.
We will for first and most focus on reco-ing the type of market PA at hand before pressing the push button each time. Once that’s out of the way we focus on making a fit play according to that market condition. So two types of recognition is required before a position taking…
1) Market condition.
2) Appropriate play according to that market condition at hand.
In this plan we will be able to take advantage of most PA conditions, whether is Ranging, Trending or rough/chop Trending or volatile. The largest part of an successful Trader relies on his ability to Adjust and Adapt to different market conditions, and we all good and well know that market is superb at throwing your way tons of different shapes and looks as it could swing away in any direction at will, so to operate in such a Constant Changing Environment one must possess the two qualities mentioned above in my humble opinion in order to have any chance of survival. With that said, I am not offering a hard firm system here but rather a way of seeing the market in its true sense based on frame work that we will operate on.
To give you all a hint… I look to take apart and squeeze the most profit I can each and every day out of 5 different major pairs under my watch all in one TF (5M). I look for Over-Bought and Over-Sold PA in the 5M TF and the art of the work is in two areas…
1) To be Present for most if not all valid opportunities.
2) Filter the NO good signals… ability to accept and reject.
A solid trader is the one that reco’s his signal on a blink and then to only reject or take action on it on a blink with no extra feelings attached what so ever… stone cold. I set myself open to the kind Trader that I could be… I go in with an open mentality each day and starts for me as like a Scalper and it could lead to finish like a swing or long-termer or whatever that suites accordingly based on what I see,feel in the NOW moment and how I handle and display my skill ability.
I’ll show everything that I preach LIVE… I will Live Play my own real trades and explain from beginning to end of one position taking so you can fully understand and absorb the reasoning behind each and every situation play under the heat of real money, in effort that eventually you will soon do it on your own as well.
If the above lectures of mine sound interesting to you and I see enough interested people, I will continue further and lay out the plan and more importantly go to work showing live examples.
Talk at you later.
I just added the templates and all the indicators I use for this system per your request.
xx tma.tpl 13 KB | 606 downloads | Uploaded Feb 21, 2013 12:27pm
!TMA True v2.mq4 8 KB | 761 downloads | Uploaded Feb 21, 2013 12:27pm
Clock_v1_2.mq4 16 KB | 553 downloads | Uploaded Feb 21, 2013 12:27pm
MACD_ColorHist_Alert (2).ex4 14 KB | 609 downloads | Uploaded Feb 21, 2013 12:27pm
TMA Called.ex4 10 KB | 661 downloads | Uploaded Feb 21, 2013 12:27pm
Price-Magnified.mq4 2 KB | 557 downloads | Uploaded Feb 21, 2013 12:28pm
PivotsD_v5.mq4 32 KB | 582 downloads | Uploaded Feb 21, 2013 12:28pm
Survive & PreservePlz refer to post 2954 pg.197