I am surprised at the negative response to Raging Bull and his post. As far as I can see this is the basis of a set of principles that would work. I am gobsmacked it came from 4x made easy as I have not heard anything good about them round the traps. Of course individuals might need to redefine certain elements to suit themselves but the key elements of trading price action, identifying a trend and only trade with it and having a set of usable tools are all there and all you then have to do is add careful money management. Perhaps this is one of the reasons that most would be traders fail as they think a collection of whizz bang indicators is going to make them a million bucks but I am sorry guys I dont think that is so and if you think about it even for a few seconds you will realise why it cant be. Thanks Raging Bull I certainly appreciate the post and if as you go along you can post up some screenshots of trades you have taken that would be great
Addit: Raging Bull is making money from this. In my view anyone that is having success and is prepared to share how is worth listening to