I have been a member of FF for more than 4 years. I have learnt a lot from all other members of the forum. I thank you all for your generosity and patience with members like me. Not that i post much, but i read a lot from you all.
This method of trading is nothing new as I am sure it might have been posted somewhere in the forum in the time past. What is new is that i have remodelled it to my own way of trading and it is working marvelously for me. If it could be beneficiary to other members of the forum, all the best.
I have called this "the meandering system" after the meandering of a river.
Indicators used are very simple
This method of trading is nothing new as I am sure it might have been posted somewhere in the forum in the time past. What is new is that i have remodelled it to my own way of trading and it is working marvelously for me. If it could be beneficiary to other members of the forum, all the best.
I have called this "the meandering system" after the meandering of a river.
Indicators used are very simple
- 10 SMA apply to High. (White color)
- 8 SMA apply to Low. (Yellow color)
- Trendlines
- Auto Pivot
- Round Numbers
- Average True Range
- Trend Silver with Alert
- Candlesticks
To Buy
- SilverTrend signal will alert
- SMA 10 (White) above SMA 8 (Yellow)
- Candlestick closes above the white tunnel. (SMA10)
- I watch the daily pivot point and 50% fibo level
To Sell
- SilverTrend signal will alert
- SMA 10 (White) above SMA 8 (Yellow)
- Candlestick closes below/underneath the yellow tunnel. (SMA 8)
- I watch the daily pivot point and 50% fibo level
To take Profit
- I personally use the pivot points, or round numbers or the trendlines support and ressitance.
Money Management
- Do not trade with the money you cannot affort to loose
- 2% of your account maximum
Disclaimer
Please use your discretion to trade this system. Past performance does not guarantee it's effectiveness. I am not liable for any loss you may incure as Forex trading could be very unpredictable.
Polapip - Patience is a virtue
Attached File(s)
To succeed in Forex, you need to work hard, persevere, and never give up.