Hi traders
I’ve not been on this site for some time. What I’ve been doing is a trial with a demo account,
What I have found is if you trade on the monthly chart and only trade in the direction of the monthly candle,
With no stop loss you win every time.
The only time you going to lose. his when the big boss decides the monthly candle are going to go in opposite direction. Which is about every 12 months or two years, when he or she decides to change the direction. The only indicated you need for this way of trading is support and resistance lines. and Tdi to confirm the direction. I would be interested to find out if any other traders have carried out similar trials and what their results were.
Ps. One of these trials when £668 in the wrong direction. But came back and is £420 in profit at this moment. And one other point I never look at any other time frame.
Yes, I know I could be wiped out in one go. The demo account started with £5000 it’s now up to £7474. as the picture shows.i been running this trial for about 4 weeks,
I’ve not been on this site for some time. What I’ve been doing is a trial with a demo account,
What I have found is if you trade on the monthly chart and only trade in the direction of the monthly candle,
With no stop loss you win every time.
The only time you going to lose. his when the big boss decides the monthly candle are going to go in opposite direction. Which is about every 12 months or two years, when he or she decides to change the direction. The only indicated you need for this way of trading is support and resistance lines. and Tdi to confirm the direction. I would be interested to find out if any other traders have carried out similar trials and what their results were.
Ps. One of these trials when £668 in the wrong direction. But came back and is £420 in profit at this moment. And one other point I never look at any other time frame.
Yes, I know I could be wiped out in one go. The demo account started with £5000 it’s now up to £7474. as the picture shows.i been running this trial for about 4 weeks,