@krugman25 wow that’s a massive help and thanks very much! At the moment I’m in Thailand on holiday for 4 weeks and only really demo trading over the next few weeks in the evenings before bed aha I’m kinda glad I am on demo cuz I don’t have time to look at baby pips calendar atm and see what impact is going on because my daily chart trend system that I’m trying develop and fine tune is doing terrible aha. But I might add I’m only able to trade on my phone which isn’t great because my broker app doesnt turn side ways, so it’s bit hard to look at charts on small screen aha and lost about 2% of the account but like I said only demo. Phewww aha
Also sorry I was being dumb I thought lumber might of meant something different lol.
Also @krugman25 if you don’t mind , could I run my trend system by you ? Because it’s not complicated I try and keep things simple aha. So it’s a crossover system with RSI and sometimes a MACD for entry and exit. Any way the system uses linear weight moving averages(LWMA) one at a period of 12(blue) and the other at 20(red) easy simple colours I find. And RSI is at a period of 10. Actually it’s probably easier if I put the link in to this topic I made of trying different daily chart trend system and If you want to read it you’ll see which system I’m on about ( I call It trend system MK3 aha ) and you can see the system with pictures ( Help Making a daily chart trend system )
I’ve also been updating what I’ve been doing in this blog as well. Also I use chart patterns a lot and I also use support and resistance level a lot too. I know there not set in stone but I really do feel like they sometime are and if they do break well that’s why as traders we have strict risk management aha.
Sorry to ramble on aha, I just at the point Now where I’m not a beginner anymore and would say I’m fairly competent but I just need experience. Also doesn’t help that I’m little impatient and want to be having a successful trading system straight away but like I said in TheRiseAndFall86 topic it’s all about the long game.
Also once you’ve had a look at my trading system on my other topic I would like your opinion if that’s not to much trouble because I would like this system to be able to go on for a while and also any feed back from an experienced trader is always useful, also just say if I’m asking too much ! Don’t wanna be rude.
Sorry for the long reply krugman25