Quoting eurusdtraderDislikedHello Kids,
1- Read the first post again for instructions (this may help some newbies that have problems in setting up the method)
2- PROPER ENTRY: this is what we will work at least 6 months to find out how to entry properly.
3- About discussing trades by this method I agree, maybe this will help you to get closer to the method, but don't start another thread please, this may diversify the efforts.
4- I will cover how to trail the price, how to book your profits, how to manage your account and positions, how to minimize the risk, but friends all these will take its proper time, so don't hurry, I do not expect that you trade excellent at this time by this method, just if you use the best entry setup you are the best student.
5- You should keep it simple, don't try to enter more indicators to support some aspects, all aspects that you can not find at the time being, will be discussed in future.
6- Please forget pips/day, at least say pips/week. With this mehtod you are aiming intellectual targets like 100 pips, so don't think that you can seize 20 pips per day, try to trade one time a week but profitably and with less stress., expend the rest of your time to enjoy the life. If you can make 100 pips consistently per week I will show you that you will be a millionaire just in 2 years. So don't try to make more and more with working 24/7. This is not the way.
7- The methos of 34 EMA is working on M30 chart so please read number 9 below.
8- If you find or think of something usefull with this method (like indicators, tricks, templates and so on) before posting, please send me a private email describing your opinion and I will try it before publishing to avoid wasting the time of kids and perturbing their learning.
9- If you want that I shorten your way to win at least one year just please bear in mind that :
A)All indicators in MT4 and most of custom indicators are useless, just some of them with their special setting are a bit of help; so don't waste your time to discover a magic from them. I just like Ichimoku because it is really predict the potential supports/resistances.
B)Don't strive to trade smaller time frame than H4.
All these were my personal opinions, I am maybe mistaken, I just told my own oipnions with all respects.
Happy trading
IboIgnored
Thank IBO...all great points:
I think I am all set with the chart set-up…
The daily chart analysis of a few pairs would be great so that we can learn from you and each others in a step by step by step manner. Constant daily analysis will over time allow us to perfect this system and enhance our trading and lifestyle.
I will suggest the following: GBP/USD, USD/CHF, and I am open for a third pair: perhaps a cross such as EUR/GBP or EUR/CHF…or a more volitle pair such as GBP/JPY or GBP/CHF.
I am excited and look forward to leaning more and studying this method.
Thanks Again,
Mike