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easy & boring system

  • #1
  • First Post: Edited Dec 12, 2014 5:55am Dec 9, 2014 9:50am | Edited Dec 12, 2014 5:55am
hi all, forex trading is easy but the mental part is difficult. i will show you a method that can rake in the profits but it is very... very... veeeeeery... boring. sometimes you have less than 5 trades for a whole month with a maximum stoploss of 100pips or less. One major drawback of this system is that "you have to monitor your position round the clock". i use daily charts only.

basically i use two indicators and they both have to match for a signal to be valid. i will show you some graphs...



A very good morning to you all, i will want to say tanks for all your replies especially the encouraging replies.

AIM
*My system aims at catching a trend at the early stage and riding it to the maximum while reducing risk.
it reduces risk by 2 ways; first you get very few trades thereby limiting your exposure to the market (any
experience trader will tell you that over trading is the worst ''money killer' in forex), secondly, by entering early,
your initial risk (stoploss) is greatly reduced. thus even if price turns against you, you only loss a fraction of you risked amount (especially in ranging market).

INDICATORS
*ADX CROSSES 7
TREND LORD 6

CHARTS
*Daily charts (for now)

CRITICAL CHARACTERISTIC OF INDICATOR
*ADX indicator does not repaints once the candle is closed, but might repaint if the candle has not close.
-a signal (red or blue arrow) appears only when the high of the previous day is exceeded.

*TREND LORD repaints especially with the low setting which i am using, thus the need for the two to match before pulling the trigger.( i consider it a justifiable
risk)

REASON FOR CONSTANT MONITORING
*the signals can appear at anytime and so waiting for the day to close might increase ur SL

METHOd
*enter two trades TP =200 & 500
SL =100pips each
*move to break even once i hit the first target. (system is best with trenders liKE GU, EJ & AU) I know the word 'TRENDERS' is not in the dictionary, but... wat d hell!!!

THANKS
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 191 KB
  • #2
  • Dec 9, 2014 1:27pm Dec 9, 2014 1:27pm
Why would the position have to be monitored constantly?

Why not use a stop loss as sensible traders do?

Or do you have to sit there and shout at the screen "GO DOWN GO DOWN GO DOWN"?

It takes a lot for me to IGNORE you, but you can try.
  • #3
  • Dec 9, 2014 3:15pm Dec 9, 2014 3:15pm
Quoting Erebus
Why would the position have to be monitored constantly? Why not use a stop loss as sensible traders do? Or do you have to sit there and shout at the screen "GO DOWN GO DOWN GO DOWN"?
pretty much what most people do during FOMC XD
  • #4
  • Dec 9, 2014 4:21pm Dec 9, 2014 4:21pm
  • #5
  • Dec 9, 2014 4:32pm Dec 9, 2014 4:32pm
Quoting gerrylint
hi all, forex trading is easy but the mental part is difficult. i will show you a method that can rake in the profits but it is very... very... veeeeeery... boring. sometimes you have less than 5 trades for a whole month with a maximum stoploss of 100pips or less. One major drawback of this system is that "you have to monitor your position round the clock". i use daily charts only. basically i use two indicators and they both have to match for a signal to be valid. i will show you some graphs...
Sounds like a sensible way to trade
Effective, efficient trading has often been labelled as boring, sounds like you might be on to something
Come with me if you want to live....
  • #6
  • Dec 10, 2014 4:48am Dec 10, 2014 4:48am
Quoting Erebus
Why would the position have to be monitored constantly? Why not use a stop loss as sensible traders do? Or do you have to sit there and shout at the screen "GO DOWN GO DOWN GO DOWN"?
to be truthful, you are not so wrong. i can always enter or exit at the end of the day, but if i do that, i am going to die of boredom, also entrying when i get a signal reduces my initial stoploss which i will like to keep under 100 pips.
  • #7
  • Dec 10, 2014 5:16am Dec 10, 2014 5:16am
Good afternoon friends ( its afternoon here in Nigeria and i know you must have or will experience an afternoon today no matter where u are). pls check my first post because i have updated the charts which i promised. tanks
  • #8
  • Dec 10, 2014 5:30am Dec 10, 2014 5:30am
In before you get some followers then for some unknown reason decide to sell your wares.

cough commercial, cough.
  • #9
  • Dec 10, 2014 5:48am Dec 10, 2014 5:48am
Quoting gerrylint
hi all, forex trading is easy but the mental part is difficult. i will show you a method that can rake in the profits but it is very... very... veeeeeery... boring. sometimes you have less than 5 trades for a whole month with a maximum stoploss of 100pips or less. One major drawback of this system is that "you have to monitor your position round the clock". i use daily charts only. basically i use two indicators and they both have to match for a signal to be valid. i will show you some graphs... {image}
if u look at the chart above, u will notice that there was only about 16 trades for over 6months. believe me when i say the system is boring but one advantage is that when u loss, u loss small especially if price is ranging. (note: i only trade E/J & G/U).
  • #10
  • Dec 10, 2014 5:49am Dec 10, 2014 5:49am
Quoting GDR3k
In before you get some followers then for some unknown reason decide to sell your wares. cough commercial, cough.


I can see what you see not
Vision's milky when eyes rot

Another trendlord easy peasy trading scam scheme.

*Rotten smell evaporates*
For my fallen angels.
  • #11
  • Dec 10, 2014 5:50am Dec 10, 2014 5:50am
Quoting GDR3k
In before you get some followers then for some unknown reason decide to sell your wares. cough commercial, cough.
ha ha ha ha ha
  • #12
  • Dec 10, 2014 6:00am Dec 10, 2014 6:00am
Quoting Big_A
{quote} I can see what you see not Vision's milky when eyes rot Another trendlord easy peasy trading scam scheme. *Rotten smell evaporates*

well, wat a funny scam. because i have been trading that system profitably for 4 months now and i dont remember trying to sell anything to you... or 'did i'?
but why re you so negative ? do you know there are people making money with simply moving average?//
  • #13
  • Dec 10, 2014 6:05am Dec 10, 2014 6:05am
"
Quoting gerrylint
hi all, forex trading is easy but the mental part is difficult. i will show you a method that can rake in the profits but it is very... very... veeeeeery... boring. sometimes you have less than 5 trades for a whole month with a maximum stoploss of 100pips or less. One major drawback of this system is that "you have to monitor your position round the clock". i use daily charts only. basically i use two indicators and they both have to match for a signal to be valid. i will show you some graphs... {image}
"


Beautiful nonsense.......
  • #14
  • Dec 10, 2014 6:12am Dec 10, 2014 6:12am
  •  turnfx
  • | Joined Dec 2014 | Status: Only money management is the key of | 334 Posts | Online Now
not bad at all but post in forum when make ur trade by thay way you help others
  • #15
  • Dec 10, 2014 6:14am Dec 10, 2014 6:14am
Quoting gerrylint
{quote} well, wat a funny scam. because i have been trading that system profitably for 4 months now and i dont remember trying to sell anything to you... or 'did i'? but why re you so negative ? do you know there are people making money with simply moving average?//
// Apparently a coder //
Ghost Rider - WWTBMD?
  • #16
  • Dec 10, 2014 6:21am Dec 10, 2014 6:21am
Quoting gerrylint
{quote} well, wat a funny scam. because i have been trading that system profitably for 4 months now and i dont remember trying to sell anything to you... or 'did i'? but why re you so negative ? do you know there are people making money with simply moving average?//
4 months that's about 20 trades (as you said less than 5 trades / month IAW trading rules). Impressive.
For my fallen angels.
  • #17
  • Dec 10, 2014 6:23am Dec 10, 2014 6:23am
this is today's live chart of G/U pair (10 dec,2014), as you can see, i am waiting for the second indicator to confirm the buy signal. feel free to comment .tanks
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 113 KB
  • #18
  • Dec 10, 2014 6:25am Dec 10, 2014 6:25am
what are the names of this two indicators that you are using. pleas a word of advice from me, what ever you are doing remain focus so long it is working for you, it is not about how others feel but how you feel as a person. just go on doing what you know how to do best and help those who need your help.
  • #19
  • Dec 10, 2014 6:34am Dec 10, 2014 6:34am
Quoting gerrylint
this is today's live chart of G/U pair (10 dec,2014), as you can see, i am waiting for the second indicator to confirm the buy signal. feel free to comment .tanks {image}
Why do you need a indicator down below to tell you the price may be changing direction? what happened to the good old fashioned eyeball?
  • #20
  • Dec 10, 2014 6:34am Dec 10, 2014 6:34am
Quoting carbonado
"{quote}" Beautiful nonsense.......

goosch!!! you don't sound very successful in life , becos only an IDIOT shoots down an 'idea' before looking at the facts. one of those 'facts' is that i am profitable (let me add very profitable...) , second fact is that boredom lead me to start this post.
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