The Thief of Wall Street
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
Day Trading system - Simple system to make money 51 replies
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Trapping System: Way to Fully-Automated Trading System 47 replies
Disliked{quote} It proved to be a real good buying zone. Closed all positions 1.3140 is tricky.Ignored
Disliked{quote} 15M chart indicates 1.2950 a possibility if it breaks the current level of 1.3075. Coming back to Trading System, many of you noticed how pa responded to the buying zone of 1.2800. This zone is very much visible on Daily Timeframe if you like to check left side of your char (the historical moves). It's not that pa will always respond to these levels, but strong possibility of at least a good bounce. It is upto you how you make use of this observation. {image}Ignored
Disliked{quote} So far we have tried to prove the following three elements using live trades on a demo account: 1. Risk should never be over 1%, no matter what 2. Try to avoid market noise. Study chart and set sls away from normal market noise. Every timeframe, no matter how big that is, has market noise. Our job is to do our best. We cannot avoid a spike taking us in surprise. Very short sls are good only for scalping trades. 3. Study left side of a daily chart to identify buying / selling zones. If nothing, expect a good bounce at these levels. The next...Ignored
Disliked{quote} Closed all will comment later in the day what we learned from recent tradesIgnored
DislikedWow, a very nice thread. After reading all the posts, I realized that it summarizes all the wisdom that has been posted in FF so far. My vouch goes to you, Chicky!Ignored