I just love this system more and more as I keep studying my 3 pairs, looking at the markets movements and identify the high probability setup signals. As you can see I am still learning, experimenting and get use to losing/winning. Like I told Phillip - one need to test and play around, get burned in order to learn what is killing your account without losing a fortune. Then start to trade seriously and avoid the signals that previously hurt you badly. that is why a trading journal with pictures of charts are so important.
I am giving myself another few months of playing around with a mini account (not to lose a fortune but to get use to trading with real money) before it is time to move on to some serious trading.
Here is an example - the setup called me. It was so clear and beautiful I didn't think twice. Then I saw the 21 was in the non-trade zone. The reason why I only took 4pips profit. But it gave 10pips eventually.
I just want to use this example to show people what to look for in a setup - the high probability setup signals. Please wait for 21 to come out of the non-trade zone/50MA to get to the 20 degree level.
Tony - once again, another example/evidence why I like to take my 10pips and walk away.
PS - I've blow two mini account before I came across Phillip and his systems. After 16months my $500 mini account is still alive - even with the playing around and testing setups/price patterns like I've done previously with the other systems (blown my accounts in about 3-4 months). Just evidence from my side that this system is working.
PS 2 - see why EY is my favourite pair. Even with the 21 in the non-trade zone, she'll give you 10pips when signals are there. But be very careful.
Nothing comes easy in life - commitment!!!!!!!!
Enjoy the weekend.
I am giving myself another few months of playing around with a mini account (not to lose a fortune but to get use to trading with real money) before it is time to move on to some serious trading.
Here is an example - the setup called me. It was so clear and beautiful I didn't think twice. Then I saw the 21 was in the non-trade zone. The reason why I only took 4pips profit. But it gave 10pips eventually.
I just want to use this example to show people what to look for in a setup - the high probability setup signals. Please wait for 21 to come out of the non-trade zone/50MA to get to the 20 degree level.
Tony - once again, another example/evidence why I like to take my 10pips and walk away.
PS - I've blow two mini account before I came across Phillip and his systems. After 16months my $500 mini account is still alive - even with the playing around and testing setups/price patterns like I've done previously with the other systems (blown my accounts in about 3-4 months). Just evidence from my side that this system is working.
PS 2 - see why EY is my favourite pair. Even with the 21 in the non-trade zone, she'll give you 10pips when signals are there. But be very careful.
Nothing comes easy in life - commitment!!!!!!!!
Enjoy the weekend.
Willem
Forex recipe for success = Patience, discipline & hard work.