Indicators:
Attached as a zip file to this post, almost all indicators that I use so you do not need to search all over FF for them, even if they are posted redundant times.
Trading Method:
Purely price action based, you need to really learn this stuff. Do not, I repeat do not depend on indicators, indicators are there only for reference, not for actual trading.
By the time an indicator confirms a trend, it has already moved several pips, pips which you could have collected.
So concentrate more on reading the price action in play, Most importantly, do not try to forecast the future, try to read what is going to happen immediately on your charts.
Do not go about posting trade levels at random, give a definite logic behind them, on FF you will see many people posting target levels at random and backing away when things go wrong, avoid this.
Chart Setup:
Never, I repeat never try to learn from others, work hard and develop your own trading system, this way you will learn the ropes of trading forex faster than you think possible, because you will be knowing the reason behind every action you take, every indicator you choose.
When you copy a trade system from someone you are totally dependent on the other person for guidance.
Thread Rules:
- Anything which does not relate to forex should not be posted on this thread, it will be dealt with severely.
- Does not matter what your gender is, or what is your skill level, I will help all.
I will keep updating this first post as and when necessary.
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Attached File(s)
Archive.zip
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Uploaded Sep 16, 2009 10:20am