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I really need a simple system

  • #21
  • Jun 30, 2008 7:26am Jun 30, 2008 7:26am
Quoting clemmo
Hi - as a relative newbie myself I would suggest the following - James 16 pa ( as already mentioned ) and Dibs. Although Dibs is mainly based off 1 hour charts it can be traded off the 4 hr and even daily. JMHO. Whatever the system it is up to the individual and requires plenty of practice ,dilligence, patience and above all the ability to learn by ones mistakes - which will be many.

Good luck
You may want to check the dates of the postings . You answered a thread that is a year old.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #22
  • Jun 30, 2008 8:30am Jun 30, 2008 8:30am
Quoting CTGUY
You may want to check the dates of the postings . You answered a thread that is a year old.
I guess that is why they call this the rookie journal
Same Whore .... Different Dress
  • #23
  • Jun 30, 2008 9:45pm Jun 30, 2008 9:45pm
VON, learn about andrews pitch forks. Im no master at them, but they are simple to use and understand...sometimes. Always trade in the direction of the trend and you should be ok.
  • #24
  • Edited 10:37pm Jun 30, 2008 10:35pm | Edited 10:37pm
I've uploaded one pdf on the subject of currency 'personalities'. See below.

Quoting billflet
Currency Trader, a free online monthly magazine, usually has a good article or two every month geared toward new folks. Sept '05 has an excellent article by Brian Dolan called Currency Personalities. Another excellent article is Trading Around the Clock (Nov '05) by Kathy Lien. You can download the past articles for a buck or two. These type of articles, can give you an idea of the nuts and bolts of forex.

I believe most of us who stay with this have an understanding of what this market is and most of us learn a few facets of it really well. We then build our techique around those facets that we know best, along with our own trading personality.

...My suggestion is to forget about systems and pips for a few months and learn about what is happening behind that trading platform. If you learn about what is really happening and what this market is doing and why it even exists you will have a decided advantage.

No system is powerful enough to defeat this market. Learn the mechanics of the market and ride it, don't challenge it.

First off, read all posts by Jacko and all Stickys.

This post was meant to expand on Mother's post--I agree with it 100%

Happy Trading
Here's a link to a huge list of forex-related pdfs -- many of which come from magazines like Currency Trader and sfomag.com.

http://gaincapital.com/files/
Attached File(s)
File Type: pdf FOREX - Currency 'Personalities' 2.pdf   706 KB | 435 downloads
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #25
  • Jul 6, 2008 12:31am Jul 6, 2008 12:31am
Quoting blunderbuss
I've uploaded one pdf on the subject of currency 'personalities'. See below.



Here's a link to a huge list of forex-related pdfs -- many of which come from magazines like Currency Trader and sfomag.com.

http://gaincapital.com/files/

The link doesn't seem to work.
  • #26
  • Last Post: Oct 4, 2008 11:56pm Oct 4, 2008 11:56pm
Wish I'd seen your post sooner. I've traded a lot of systems on this and other forums. The Simple Stupid System by Whonone is the best I've encountered. I've been doing anywhere from 40-50 per day or more and doing 2-3 trades per day.
I tell ya.... It's worth it to take a look.
He's posted the setup, indicators and template on the first post. It's simply incredible and it's definitely not stupid.
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