Hey guys I was reading all the post and I wanted to add my input if it is okay....
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dear ufgators, i had tried to pm you but since i'm a new member i wasnt able to do that. i am trying hard to become a full time trader since more than 3 months and read lots of books and forums. now i'm trading e/u 15min breakouts intraday and gold for long term. i see that you have some long experience in this business and would be glad if you reveal your system a bit more. i dont have enough capital so besides i'm demo trading for a few weeks to take it to a fx company and maybe i can find a fund to manage. so if its not problem can you explain your system with more details please. thanks..
dear ufgators, i had tried to pm you but since i'm a new member i wasnt able to do that. i am trying hard to become a full time trader since more than 3 months and read lots of books and forums. now i'm trading e/u 15min breakouts intraday and gold for long term. i see that you have some long experience in this business and would be glad if you reveal your system a bit more. i dont have enough capital so besides i'm demo trading for a few weeks to take it to a fx company and maybe i can find a fund to manage. so if its not problem can you explain...
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No problem...becoming a full time trader isn't hard but does take patience. Don't try to become a trader over night. Take your time and learn this business. If you take your time and learn it correctly then it will pay off huge for you later. I am not going to post my strategies here because it just takes too long to put them all on here. But you can go to my website and download them. Don't worry, I am not going to try to sell you anything or make you subscribe to anything. It really is 100% free. Just go to www.markettradersinfo.com to see my strategies. My website is not complete so all of them are not on their yet but you can see some of them. My favorite is probably the Daily Inside Breakout Strategy which I do have posted on their. I have a few more left and also I am getting ready to add live webinars and also chat sections where everyone can log in and make trade recommendations for the newbies. If you have any questions feel free to ask. Also, if their is anything you would like to see added to the website feel free to make any kind of recommendation for it as well. I will do my best to help anyone willing to learn. With your current situation I would not recommend funding your account right now and just trade with a demo. I recommend you go through my strategies and find out which one fits your style the best and trade with it.
Also, we are in December and after the 21st through the 1st of January I would recommend you not trade with a live account if you are doing so. It's just not a good time to trade.
For those of you who have checked out my new website, I have added a chat section where traders can log on and have live trade calls anytime you want. I will be adding webinars here soon. You do not have to create an account to chat, just enter your name and hit login.
For those of you who have checked out my new website, I have added a chat section where traders can log on and have live trade calls anytime you want. I will be adding webinars here soon. You do not have to create an account to chat, just enter your name and hit login.
. It really is 100% free. Just go to www.markettradersinfo.com to see my strategies. My website is not complete so all of them are not on their yet but you can see some of them. My favorite is probably the Daily Inside Breakout Strategy which I do have posted on their.
Thanks for the offer ufgators - I am also relatively new to trading. I totally agree with your philosophy on trading. Patience is King. I have that on top of my whiteboard. Read Trading in the Zone - really packs it in that trading successfully is about unemotional action.
I would love to examine your systems (but the web site link is not working). I trade with a trading room called LTG Goldrock and so far I am unimpressed but I am learning so I am sticking with it for now.
I do trade some strategies I have picked up along the way and modified to suit my own style but my success is too random. Mostly I have lost following the LTG trades and made PIPs on my own. I like the London break out trades on multiple pairs. I also like the Phoenix trade on market Monday open.
I am currently testing the breakout method from Nitty Gritty but am sick of the sales pressure.
As I am based in Sydney Australia I trade the Asian markets and European opens. I try to get the NY close too but have to work so not too often.
I trade most of the JPY crosses and AUD Crosses. Love the NZD/EUR concept. I tend to take note of correlation between pairs and sometimes I can follow a trio of pairs and one leads giving me an advanced exit. Fun but again a bit too random.
I look forward to seeing your web site. And thanks again for your contributions.
I have been trading for 2 years. Trading trendline breaks has become my primary trading strategy. Consider breakouts or trading sequences with technical patterns such as triangles and diamonds.
A well established trendline will be broken after 3 touches. That is an imminent fact, the problem is whether there will be a good follow through. This could be managed using stop and reverse orders, measured objective target, understanding the main move of the pair, timing your entry, meausring the range of the pair.
Btw, an arbitary target makes no technical sense really. Same as with your SL.
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Joined Jan 2010
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Status: Forex Enthusiast
|43 Posts
I personally love to trade breakout due to its profit and simplicity. However there are some thing that you have to take note when trading breakouts.
The number one killer of breakout trade is fake out which is the sudden movement of the price breaking out of a pattern leading you to think that a successful breakout has occurred. Once you enter a trade, you will find the price moving back into the pattern stopping out your position.
Once good way to overcome this problem is through the use of indicators like the oscillator or MACD which can help you to confirm the breakout before you enter a trade.
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Joined Jan 2008
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Status: Why Complicate things?
|69 Posts
An aggressive trader will trade the breakout as soon as it occurs and hope for it to take off. a conservative trader, and many pro's, will wait for the break out to occur, then wait for a pull back to the original break out location, then wait for price action to confirm continuation, then enter the direction of the original break out. another great trading strategy is the failed break out. many people use a break out itself as a signal, but you can also use a failed break out as a stategy and go the other way.
An aggressive trader will trade the breakout as soon as it occurs and hope for it to take off. a conservative trader, and many pro's, will wait for the break out to occur, then wait for a pull back to the original break out location, then wait for price action to confirm continuation, then enter the direction of the original break out. another great trading strategy is the failed break out. many people use a break out itself as a signal, but you can also use a failed break out as a stategy and go the other way.
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I really like Your statement...I totally agree with this, I paid with a lot pip today due to my impatient...
