***While it's almost delusional or unrealistic for anyone in a public forum to openly divulge and share the hard earned successful method to trade forex, it's equally hard to find a group of people where you can safely bounce off ideas, experience, and knowledge with. Many will not understand your intention, and fewer will give their genuine heartfelt support. Thus, you feel lonely in this journey, because it's hard to exchange ideas with someone who gets you.***
Hi all Traders
Now that I am sick and home-bound with much time on hand especially on weekends, I am going to do the next practical thing and reveal the generality of what my trading method entails and see how the members here will react and respond to it.
When I first learn about forex and start to look at a trading chart many years ago, I told myself then in order to succeed in this business of forex trading there must be at least 3 metrics that the chart have to show me definitively in order to build a robust trading methology. The method put up MUST be measurable or quantifiable.
So the 3 elements are:-
1. Show when and where
price stall top or bottom.
2. Show that when price
stalled, is it just pulling
back, retrace or trend
change. Breakout
or fakeout after
consolidation must
be identifiable. Trend
change must indicate
short term or midterm.
3. Indicate precise entry
point and stoploss and
a minimum RRR of 1: 2
(2 Times reward vs stop
loss) My stoploss is max
15 pips.
Note: Very often when price is pulling back or retracing, it will consolidate into a ranging holding mode before breakout. During breakout, quite often fakeout or price making new high or low but fail to break out cleanly. Therefore it's important to know and identify the difference so you won't be chickened out of position.
After many long years of abject frustration and agonies coupled with bits and pieces of success and many false *aha* moments along the way, I have finally be able to put up a chart on E/U covering all the 3 aspects comprehensively and definitively.
My trading method is very simple and based on just one Moving Average coupled with fixed price and value which is all quantifiable. All the dynamic values are distinct from element 1 to 3. It can be easily understood and learn within 5 minutes and it is that simple.
However during my learning stage, I have constantly thought of giving up totally but somehow I managed to continue to grind and persevere, working and tweaking my method all the times. After multi years of trying times, my hard work paid off and I finally have the chart I wanted.
The irony was I desperately needed this success many years ago when my kids were still young and going to college when money were tight and hard to come by.
Now with them all grown up and me being sick and not too cash tight, the success though sweet but not in the most appropriate time to say the least.
Anyway does your trading chart tell you the same 3 things or even perhaps more robust than mine.
Pls share your experiences or maybe your expertise if you so inclined.
Pls keep discussion on forex tradings or other related subjects as much as possible BUT no personal attacks, politics or religions on this thread please.
Hopefully we all can all learn from each other and reflect on our trading knowledges, wisdom and aspirations together so that we may all overcome this very formidable forex trading market and try to make some money together.
My only weakness is all those new techie stuff and must admit I am a internet cyber illiterate.
##Truly honest people don't have plenty of friends but they do have real friends.##
Cheers and good luck.
Hi all Traders
Now that I am sick and home-bound with much time on hand especially on weekends, I am going to do the next practical thing and reveal the generality of what my trading method entails and see how the members here will react and respond to it.
When I first learn about forex and start to look at a trading chart many years ago, I told myself then in order to succeed in this business of forex trading there must be at least 3 metrics that the chart have to show me definitively in order to build a robust trading methology. The method put up MUST be measurable or quantifiable.
So the 3 elements are:-
1. Show when and where
price stall top or bottom.
2. Show that when price
stalled, is it just pulling
back, retrace or trend
change. Breakout
or fakeout after
consolidation must
be identifiable. Trend
change must indicate
short term or midterm.
3. Indicate precise entry
point and stoploss and
a minimum RRR of 1: 2
(2 Times reward vs stop
loss) My stoploss is max
15 pips.
Note: Very often when price is pulling back or retracing, it will consolidate into a ranging holding mode before breakout. During breakout, quite often fakeout or price making new high or low but fail to break out cleanly. Therefore it's important to know and identify the difference so you won't be chickened out of position.
After many long years of abject frustration and agonies coupled with bits and pieces of success and many false *aha* moments along the way, I have finally be able to put up a chart on E/U covering all the 3 aspects comprehensively and definitively.
My trading method is very simple and based on just one Moving Average coupled with fixed price and value which is all quantifiable. All the dynamic values are distinct from element 1 to 3. It can be easily understood and learn within 5 minutes and it is that simple.
However during my learning stage, I have constantly thought of giving up totally but somehow I managed to continue to grind and persevere, working and tweaking my method all the times. After multi years of trying times, my hard work paid off and I finally have the chart I wanted.
The irony was I desperately needed this success many years ago when my kids were still young and going to college when money were tight and hard to come by.
Now with them all grown up and me being sick and not too cash tight, the success though sweet but not in the most appropriate time to say the least.
Anyway does your trading chart tell you the same 3 things or even perhaps more robust than mine.
Pls share your experiences or maybe your expertise if you so inclined.
Pls keep discussion on forex tradings or other related subjects as much as possible BUT no personal attacks, politics or religions on this thread please.
Hopefully we all can all learn from each other and reflect on our trading knowledges, wisdom and aspirations together so that we may all overcome this very formidable forex trading market and try to make some money together.
My only weakness is all those new techie stuff and must admit I am a internet cyber illiterate.
##Truly honest people don't have plenty of friends but they do have real friends.##
Cheers and good luck.
