Hi guys,
Its so nice you are already taking a lot of them, I will for sure edit the first post in order to have indicators, template and a brief explanation. Just an observation, this system as you have seen is not a set and forget, does not even have a fixed target or stoploss as you have all experienced, there are some false signals we need to avoid and I will help you with that as we are scalping guys in a very small timeframe. The scanner will help us to save time watching the charts instead of being glued to them, but will not by any mean replace a traders plan or abilities, once the scanner signals a trade you still have to decide if it is fulfilling the requirements or not, just a comment so you don't rely totally on it.
Tonight we had many signals I am sure you guys saw them, all of them clean breakouts. I will let the guys finish their scanner and their instructions, those things sometimes take time and refinement and later will continue with the explanation of how to avoid the losses, Meanwhile post your entries, targets, please explain your plan, please write about the pivots, have not seen anyone mention them, your reasons to take the trade.
Vickypumpkin welcome I totally understand what you want, will edit the first post but I want to tell you this is not an easy system for newbies, it contains realtime tools, based on Fibonacci numbers and uses a lot of filters, still have only explained like 3\4 parts of the system, But with some practice and analyzing the reasons behind the system you will soon be able to trade it, remember this is not a set and forget system, no fixed instructions will make it work either, not even the scanner will substitute your trading skills.
Patience and discipline are the keys in trading, knowledge is behind any trader, I also encourage you to read books, like Trading in the Zone, Reminicenses of an operator, Candlesticks, etc
The knowledge cannot come purely from the forum or one thread, just like any career you have to read books all of them are now available online, unlike when I started, in order to get a Fibonacci book I had to visit the main University everyday to take copies so please take advantage of the technology and read all you can.
Its so nice you are already taking a lot of them, I will for sure edit the first post in order to have indicators, template and a brief explanation. Just an observation, this system as you have seen is not a set and forget, does not even have a fixed target or stoploss as you have all experienced, there are some false signals we need to avoid and I will help you with that as we are scalping guys in a very small timeframe. The scanner will help us to save time watching the charts instead of being glued to them, but will not by any mean replace a traders plan or abilities, once the scanner signals a trade you still have to decide if it is fulfilling the requirements or not, just a comment so you don't rely totally on it.
Tonight we had many signals I am sure you guys saw them, all of them clean breakouts. I will let the guys finish their scanner and their instructions, those things sometimes take time and refinement and later will continue with the explanation of how to avoid the losses, Meanwhile post your entries, targets, please explain your plan, please write about the pivots, have not seen anyone mention them, your reasons to take the trade.
Vickypumpkin welcome I totally understand what you want, will edit the first post but I want to tell you this is not an easy system for newbies, it contains realtime tools, based on Fibonacci numbers and uses a lot of filters, still have only explained like 3\4 parts of the system, But with some practice and analyzing the reasons behind the system you will soon be able to trade it, remember this is not a set and forget system, no fixed instructions will make it work either, not even the scanner will substitute your trading skills.
Patience and discipline are the keys in trading, knowledge is behind any trader, I also encourage you to read books, like Trading in the Zone, Reminicenses of an operator, Candlesticks, etc
The knowledge cannot come purely from the forum or one thread, just like any career you have to read books all of them are now available online, unlike when I started, in order to get a Fibonacci book I had to visit the main University everyday to take copies so please take advantage of the technology and read all you can.
1
This system is not perfect (is no such thing).Dnf to place your Sl.
