Although I have many years experience in equity trading, I'm new to Forex (since April 2006). During the past 5 months I've done a great deal of reading and have tried several of the more popular trading systems posted on forums. It's been a great learning experience. I've become a little distrustful of indicators, but in a rational way - yes, they all lag, but that doesn't mean that money can't be made with them if you understand what they're telling you.
The first thing that attracted me to the Mouteki approach was the fact that is based on actual price action. I did a bit of research into trend trading and quickly located the book on which the Mouteki approach is based. That, in addition to the material MoutekiTrader has posted, plus a few very minor changes of my own have enabled me to begin making respectable steady profits. In addition, I feel I have gained a new understanding of the Forex market through the analysis of price action.
September was my first month to end in black numbers and I am up 168 pips on three trades for the first week of October. As many have pointed out, any method is good if it works for you and this seems to work for me.
Lou G
The first thing that attracted me to the Mouteki approach was the fact that is based on actual price action. I did a bit of research into trend trading and quickly located the book on which the Mouteki approach is based. That, in addition to the material MoutekiTrader has posted, plus a few very minor changes of my own have enabled me to begin making respectable steady profits. In addition, I feel I have gained a new understanding of the Forex market through the analysis of price action.
September was my first month to end in black numbers and I am up 168 pips on three trades for the first week of October. As many have pointed out, any method is good if it works for you and this seems to work for me.
Lou G
Old Benjamin was right