Hey all,
first of all: The strategy i use is based on the following thread
It’s closed now, for some reason. Probably because the mods finally think he is a scammer. Well, i had and still have my doubts about this guy too, don’t get me wrong. Especially after he startet ignoring everybody who asked questions to find out if he is legit and not a scam. He started raging like a little baby… I pretty much lost all my respect for this man right then because at least some part of his story can’t be true. What kind of ex-city trader at Barclays acts like a little raging child, and even if he worked there he most definitely got fired and didn’t quit, like he proclaimed. i don’t care that he started to charge people for a 3-month trading program, let him do what he wants. the only thing that pissed me off and that really bothered me, was his attitude, nothing else.
sorry for this, but i really wanted to get this of my chest, since he ignored me on the thread for no reason.
anyways, now back to topic. so, what is the point of this? well, i’ve been studying the thread since it started. and i am still not sure that he is a scammer, because it seems that for me and for most other people on the thread the techniques seem to work. and although i definitely don’t like him as a person (also lately he is bragging about his big cars and expensive shoes on twitter), i am still glad that he made this thread and even though i already said this a couple of times on the thread, once more: thank you for this david!
so, if you want to have a look at the strategy (btw it’s not a “pure” system, just a way to analyze the market!), you should check out the first post of the thread, there is a pdf with most of the basic info. david told us about two different methods on the thread, from which i only “purely” use one. the one thing i really use is the BB-zones, correction-zones, and the different MA’s + price action and stochastics divergence for entry. he also talked about order flow (OF), but it’s not really for me, at least not in the way he explained (scalping). i also do look at OF, but i will look for confluence with the other entry signals for a possible “bigger” move off an OF level.
so much for now, i opened a myfxbook account (demo!), where i will trade 90% like this. the demo account has run for 2 weeks now, but i only traded 7 days or so because i’m pretty busy with uni right now. just had an exam and am simultaneously writing my master thesis (about “improvement of momentum strategies using financial ratios”, if anybody cares :))
soooooo, the reason i started this thread:
- i would like to talk to other people about the method of the thread. now that the thread is closed and i have not seen another thread on the topic so far, there is no room for discussion about that method, so now, here it is
- i would like to be accountable for the trades i take and i’m trying to improve my discipline. so if anybody has questions about trades i take and why i take them, please ask.
- the demo account is a test for me. i want to be consistently profitable with this for about 2 or 3 months, before i will go live (again) with a small amount of money.
so, that’s it for now. any opinions about the method or anything else are very welcome.
p.s. almost forgot to post my account
David System | Myfxbook
pps: oh lol, wanted to post this in the “daytrading” section, not the free trading system section. if a mod sees this, please move this thread, thanks
cheers,
stefan