My first thread n probably be my only thread , just to keep myself on the line n see my performance at the end of the week ...
About my system , its a derivation from the trend follower system (the wicker thread) , its got everything of the system except macd and cross indicator , and its on the 1m timeframe ( very much similar to rainbow system of linuxtroll's ) , i trade only gbp/jpy , the reason is my comfortability with it probably from watching the auslancos thread ...
my entries :
after a trend is established , i determine the pullback from laguerre and price action , and enter when laguerre crosses one of its line (0.15 for buy , 0.75 for sell)
stop loss :
like the trend follower , i keep the stoploss at the lowest point from past 5-10 mins
take profit : nearest resistance (pivot points hourly n daily) whichever is earlier , or any sign of reversal , depending on price action n laguerre
thats about it , i take 2-3 trades per day , i trade on a full time basis and rarely trade during us market (rather play ps2 at nite ) , planning to do this test till december end , oh yeah i trade 1 mini lot till then
About my system , its a derivation from the trend follower system (the wicker thread) , its got everything of the system except macd and cross indicator , and its on the 1m timeframe ( very much similar to rainbow system of linuxtroll's ) , i trade only gbp/jpy , the reason is my comfortability with it probably from watching the auslancos thread ...
my entries :
after a trend is established , i determine the pullback from laguerre and price action , and enter when laguerre crosses one of its line (0.15 for buy , 0.75 for sell)
stop loss :
like the trend follower , i keep the stoploss at the lowest point from past 5-10 mins
take profit : nearest resistance (pivot points hourly n daily) whichever is earlier , or any sign of reversal , depending on price action n laguerre
thats about it , i take 2-3 trades per day , i trade on a full time basis and rarely trade during us market (rather play ps2 at nite ) , planning to do this test till december end , oh yeah i trade 1 mini lot till then
To Live is the rarest thing in the world , Most people exist , that is all