"Skills pay the bill's!"
Who is your favourite trading author? (books) 30 replies
What is your favourite basic indicator??? 43 replies
What is your favourite EA? 2 replies
Whats your favourite Trading Book/Movie/Show? 15 replies
What is your favourite Fx Report & Analysis provider? 2 replies
Quoting bagovinoDislikedAlso,
Con you post that RSI/EMA cross indicator???
Thanks Again!!!
BagoIgnored
Quoting TheRumpledOneDislikedIndicators are for suckers!
Trading is simple.
Just draw a horizontal line on the chart.
If the candle is green, go long at the line.
If the candle is red, go short at the line.
It IS that simple.
You only lose if you are too slow or too greedy!
Yes, I have written and posted hundreds of indicators on TradeStation, eSignal, yahoo, StockFetcher and Kreslik. I do that because I can program. I do it for free. I don't sell indicators. Some people want you to buy their indicators. To me, if the indicators were any good, they would use them to make money and give the code away for free just like I do!
I hate to see people pay for indicators and then lose money using those indicators.
Indicators are great for analyzing the market when the market is closed. But when the game is on, they just confuse you.
A horizontal line is simple.
I simple buy/sell at the x.xx00, x.xx25, x.xx50 and x.xx75 levels based on candle color. So long as I am not greedy and not slow, I make pips!
I use 1 min, 5 min, 60 min and daily charts.
It really is simple!!Ignored
Quoting summitfxDislikedGotta love the EUR/JPY for baggin' pips tonight- must be quick and nimbleIgnored
Quoting summitfxDislikedAs a full-time trader (8 years), I was trained as a COES Bandit. This invloved sniper trading. We basically traded high flying stocks like AOL in the late ninties and used the futures (Spooz and Nooz) to determine the entry points. Trades would last anywhere form 30 seconds to 15 minutes. It was rapid fire in and out. At the end of the trading day you were totally exhausted and hopefully in the green. Today, I still have the need to "push" the button and make the trade. I also have an account that I trade only daily and 4 hour charts (swing trades) Through various methodologies on the FF, I have settled into a profitable scalp trade routine. My favorite session is pre London session (12pm mtn time) and the London session (1am). It's a very simple trigger of lines crossing lines. I turn off all monitors but 1 and focus soley on the enlarged chart and block out all noise. I don't care about others opinions of where they think the currency is headed etc. Focus and react. If you use 2 lots or $20 pip profits, you only need 5-10 pips to make $100-$200 per trade. It's rapid fire and you only take the trades on the cross. As you get better, you can filter out trades and only go with the prevailing trend etc.. On a decent day, I can easily make $500-1000 per day with very little effort. Below is the chart. Candlesticks with an 8p RSI and 8MA in one window. It's self explanatory but it's fun and profitable. Sweep your profits into longer term trades that suits you best. Here it is- feel free to give it a go~Ignored
Quoting c1roDislikedIs anyone here know how to read the Silver Trend Signal?
Thanks!!Ignored