posted the system on "trading systems" forum
Lot of viewers, couple of responses.
Not much interest generated.
But at least I put the system out there. I feel I paid back some..
The very short scalps are going great.
Only a few per day but they are solid trades. No losses.
Now I am going to develop in practice the longer term trades.
Oh boy.
It's the next logical step. But I sure don't want to get out of sync with the rhythm set up for the scalps.
Two separate accounts should help keep them separate. But it is the psychology of it. I will need to be able to switch gears from one mode to another.
Have had very good results with demos for longer term trades. But that is demo. Real money means riding out drawdown in real $$$. Nerves issue...
The same template should be fine for the longer term traders just viewing the higher time frames.
Open two positions, close one for respectable gains and let the other position run for capturing greater gains, in free trade. That's the plan.
Must be willing to tolerate drawdown. Get the main trend right.
Equities are correcting so short EURUSD ought to be good for quite some time. The monthly shows 200ema at around 1.23. 61% fib from top is about 1.34 and there is a possible continuation triangle developing and the dragon could be testing the limits of it over the next several months maybe into next year...
Lot of viewers, couple of responses.
Not much interest generated.
But at least I put the system out there. I feel I paid back some..
The very short scalps are going great.
Only a few per day but they are solid trades. No losses.
Now I am going to develop in practice the longer term trades.
Oh boy.
It's the next logical step. But I sure don't want to get out of sync with the rhythm set up for the scalps.
Two separate accounts should help keep them separate. But it is the psychology of it. I will need to be able to switch gears from one mode to another.
Have had very good results with demos for longer term trades. But that is demo. Real money means riding out drawdown in real $$$. Nerves issue...
The same template should be fine for the longer term traders just viewing the higher time frames.
Open two positions, close one for respectable gains and let the other position run for capturing greater gains, in free trade. That's the plan.
Must be willing to tolerate drawdown. Get the main trend right.
Equities are correcting so short EURUSD ought to be good for quite some time. The monthly shows 200ema at around 1.23. 61% fib from top is about 1.34 and there is a possible continuation triangle developing and the dragon could be testing the limits of it over the next several months maybe into next year...