DislikedWell, I don't use indicators, I don't watch the news (that frequently), I don't watch for correlations, yet, I'm still profitable and happy. Oh, and I only trade EUR/USD.
This system is great and if a S&R level will hold depends on the current market conditions and price action. Nevertheless, sometimes these levels will fail no matter what, but until your profits are greater than losses and you are at least 50% of the time correct, you have nothing to worry about.
Remember, if you have a $20.000 account and you risk 1,5% per trade (with a 40 pip SL) and you manage to get "only" 120 pips per week, thats 3.600 USD per month!
I don't know about you guys, but that's more than enough for me. It really is.Ignored
- Post #4,222
- Quote
- Oct 10, 2008 6:42am Oct 10, 2008 6:42am
- | Joined May 2008 | Status: www.locksmith24toronto.co m | 238 Posts
- Post #4,228
- Quote
- Oct 10, 2008 8:18am Oct 10, 2008 8:18am
May the fish in your stream of life always bite.
- Post #4,229
- Quote
- Oct 10, 2008 8:32am Oct 10, 2008 8:32am
- | Joined May 2008 | Status: www.locksmith24toronto.co m | 238 Posts
- Post #4,230
- Quote
- Oct 10, 2008 8:44am Oct 10, 2008 8:44am
- | Joined May 2008 | Status: www.locksmith24toronto.co m | 238 Posts
- Post #4,231
- Quote
- Oct 10, 2008 8:49am Oct 10, 2008 8:49am
- Joined Apr 2006 | Status: Member | 1,459 Posts
- Post #4,233
- Quote
- Oct 10, 2008 9:26am Oct 10, 2008 9:26am
- Joined Apr 2006 | Status: Member | 1,459 Posts
- Post #4,235
- Quote
- Oct 10, 2008 9:39am Oct 10, 2008 9:39am
- Joined Apr 2006 | Status: Member | 1,459 Posts
- Post #4,237
- Quote
- Oct 10, 2008 10:27am Oct 10, 2008 10:27am
- Joined Apr 2006 | Status: Member | 1,459 Posts
- Post #4,238
- Quote
- Oct 10, 2008 10:34am Oct 10, 2008 10:34am
- | Commercial Member | Joined Feb 2008 | 1,440 Posts
- Post #4,239
- Quote
- Oct 10, 2008 10:58am Oct 10, 2008 10:58am
- | Joined May 2008 | Status: www.locksmith24toronto.co m | 238 Posts
- Post #4,240
- Quote
- Oct 10, 2008 11:07am Oct 10, 2008 11:07am
- | Joined May 2008 | Status: www.locksmith24toronto.co m | 238 Posts