Forex Trading Method (FTM) - Page 2

View Poll Results: what type of strategy is this

Voters
51. You may not vote on this poll
  • swing strategy

    26 50.98%
  • trend strategy

    15 29.41%
  • Range strategy

    2 3.92%
  • do not know

    8 15.69%
Page 2 of 8 FirstFirst 1 2 3 4 ... LastLast
Results 11 to 20 of 72
  1. #11
    Join Date
    Dec 2006
    Posts
    3
    Could not agree more on your last post hello1234. This system is very straight forward, personally i think if anyone doesn't understand it they need to go back and learn some of the basics first and then approach this.Keeping your systems simple goes along way which this is. As hello says MONEY MANAGEMENT IS PARAMOUNT along with the right mental approach.If you miss the trade walk away, the market will be there tomorrow.I will be trading alot of different pairs with this system mainly AUD/USD AND USD/JPY Just my opinion..................

  2. #12
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55
    i am unable to attach chart i will explain your question later

  3. #13
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55
    i will present you another indicator settings which will be added to existing system and will make it near perfect system but wait patiently till the time every one interested understands these existing indicators and rules attached to them in stages. i have worked for two years on this sytem and now confident of its profitability. please dont try to code it as there are many things under discretionary use of trades depending upon price action and exact mathmatical rules may not give you the results thus creating lake of confidence in system which is destructive for any system.
    i trust this system and live by its rules regardless of profits and losses. the parameters are set on 4 H chart only and i never tried on other time frames as this time frame seems giving good points of entry and exit and saving you from lot of likely missing profits and whipsaws as well. other time frames above and below if you want to trade with this system please work your own rules as i have never tried

  4. #14
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55
    The hall mark of this system is that you get in the trade on signal provided by the system and think of what you wish you get and if in the process your decision proves wrong as will be indicated by indicators, just dont wait and get out and wait for next signal. please dont secong guess your system as this will disturb your psychological trading make up. these indicators dont tell where the market will go as they follow the market but we are just trying to make odds in our favour by skillfull and experienced use of indicators. This kind of strong mental approach is required to succeed and train yourself according. Learn psychologically how to get in and how to get out.
    sorry for my out sequence posts as and when it comes to my mind i just like to through it away on this forum for benefit of all and expect same from all. thanks

  5. #15
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55
    Please discuss the live signal generated by this system including a chart for every one comrehension with complete trade recommendations for better understanding of this system on any currency pair.
    thanks-soon we will add one more indicator to every one astonishment with very different settings and that will be final nail. wait and give your comments

  6. #16
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55
    the chart is attched as under
    sorry due to some problem i am unable to attach charts to thread replies
    Last edited by hello1234; 12-17-2006 at 12:18 PM. Reason: failure in attaching the chart

  7. #17
    Join Date
    Dec 2006
    Posts
    3

    Default eur/gbp

    Trade opened at .6699 long, nice break of trend and cross of MCD.

  8. #18
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55

    Default Usdcad

    you can consider going short in USDCAD at 1.1539 as first trade signal is given by the trend cross and MACD cross.
    watch your trade in eurgbo carefully in case of any adverse move indicated by indicators do exit and dont wait than if not than consider going long after the RSI cross of 50 for secong and 3rd trade otherwise wait for the next trade signal
    Attached Images Attached Images  

  9. #19
    Join Date
    Dec 2006
    Location
    Pakistan
    Posts
    55
    i think traders have less interest in trading this method and so many people viewed this thread and few replies

  10. #20
    Join Date
    Dec 2006
    Location
    Colorado, USA
    Posts
    142
    One thing I can think of is how often do you see RSI crossing 50 level? However when it does it could be the begining of a trend.

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