Hello to everyone on the FF Forums, Obviously you can tell this is my very first post, however Ive been lurking around the forums for a long time and for what it's worth, i wanted to share with others out there who are struggling or cant find the right "system" to trade profitable. I have tried indicators to no end, I have tested, back tested, simulated tested.. everything i could do to try and find a "right" system to trade on the winning side, I had some winning trades with some decent Indicators and trading systems but still nothing great. I must have spent hundreds of hours looking at charts with systems and indicators, still my trading results were OK. I struggled and thought, this is crazy, being profitable trading felt almost impossible but i refused to give up (competetive by nature due to athletic backround). Then it hit me. The Best system, is no system. Just raw price charting. I used to work for a large bank doing systems support on the trading floor downtown and i remember this one floor trader i used to help with his Workstation applications, I asked him what "system" or what Indicator he thought was useful to trading and he was nice enough to give me some tips, He said "Trading is simple, All the information you need is right on the chart, Period" Thinking back to that, i deleted all indicators on my chart and right on, all you ever need is to see what price is currently doing and formations of chart patterns. My trading became profitable and i no longer was wondering if indicators were giving me correct signals. The biggest problem i had was Lag, By the time i got a "signal" the move was almost over and resulted in me entering and price reversing on me soon after. I can tell you right now, Trading a blank chart is a breath of fresh air and the patterns are simple and clear. Some examples of recent trades i took were incredibly simple. N/J and the E/A. Just Support, Resistance and Trendlines.
This is my Experience Trading, I started off trading EQT market but came into forex a while ago (I find FX Market much better than the Stock Market).
Anyway, Save yourself a headache, Give this a thought and may relieve you of searching for the right system or indicator for hours and hours. All you need is Price.
This is my Experience Trading, I started off trading EQT market but came into forex a while ago (I find FX Market much better than the Stock Market).
Anyway, Save yourself a headache, Give this a thought and may relieve you of searching for the right system or indicator for hours and hours. All you need is Price.
"The market doesn't beat them, they beat themselves" - J. Livermore