Honestly it really does pain me to see so many traders, newbies especially looking for the Woolly Grail, but all you end up doing is making life more and more difficult for yourselves.
Using some simple techniques and being a little patient will reap you really MASSIVE dividends and here is one really simple technique that just works.
Call it swing trading, the 1-2-3 strategy, I don’t care, look for this pattern, build your own strategy around it and you will make money.
I am a noob wayover his head. I want to learn the complex stuff even if only to disregard it over time with experience, but just nice simple set ups are just what I need to fire a few bullets.
I haven’t even demo traded for 4 days because my head is mashed with stuff I read over the holdays and I can’t see a set up for the trees.
Yes, selling at 1.3180, take around 20 Pips normally, same again this morning, but I got stopped out, if I’m lower than the last high I’m keen with my stops, not so much if the high I’m trading off is higher than the last high, or even dare I say it, depends how I feel! - well I’ll qualify that by saying, not how I feel as such, but how bearish/bullish I think the market is.
I use my indicators and a couple of other things for confirmation, for entries, but that’s the crux of it.
Still, Sam’s vids are among, if not even, the best material I’ve come across. Someday when it’s raining and there’s a bank holiday I really do suggest that you consider checking one or two of them out. They’re on fxstreet but this website has a nice index of them: 23 Sam Seiden Webinars | Consult-FX
Still going, I’ve got two great simple strategies now, both with pros and cons, personally I don’t trade is as much as I used to, but it’s great as a starter.
- well I’ll qualify that by saying, not how I feel as such, but how bearish/bullish I think the market is.
