I have been trading forex for over 5 years. I started on forex factory right here in 2006.
Let me tell you, it has been a ride. I have purchased almost every the trading system and indicators that are in the market today. If you see it on the internet on or eBay. I may have tries it.
I became a systemoholic.
back then If you told me you have the best trading system. I want to buy it.
The funny thing, I lost everything I have and almost have a divorce over forex.
How did I recover?
- I realize the simple truth is that Indicators, EA and other people’s system are all garbage and does not work.
- I realize the only system you need is to know when to buy and when to sell.
I start playing a game call “Buy Low & Sell High"
I know a lot of you heard that terms before and never want to apply this to forex. I can tell you this is all you need to trade forex.
Let's start with Buy Low
Suppose EURUSD is trending upstream. In my book, all I am looking for is to go long at the right time.
Some clever traders will tell you to wait for brake out of some resistance level before you enter.
I say they are wrong. You need to enter way before the breakout.
In the following posts, I will start talking about what I consider Buy Low and What I consider Sell High.
Please, do not post any comments yet. Wait for me to finish with my crazy strategy and then you can start stonning mo me to death. Please, be aware that English is not my native Language so you might see some errors. I am doing my best.