Guide Me Pls

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musshan
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Guide Me Pls

Postby musshan » Sun Sep 06, 2009 10:29 am

Hello TRO,

First of all i have to thank you for running this forum, which will benefit many new comers to forex. I have been doing trades for the past month and made some decent profits as well as lost them and am not able to find consistensy in my trading profits.

I find that there are many trading systems and indicators available here at your forum. Can you please guide me to the most proven and consistent trading system and indicator? Please also guide me to the detailed description and tutorial for the suggested indicator.

My habits are that I am before the monitor watching the charts from morning till night. I have an account with about $1000 in the account as capital. I rencently learnt the strategies for using Fibonnacci, pivot points and Trend lines, chart patterns. In the past week's i analysed that my incomplete understanding of indicators such as MACD, RSI, Stoch, SAR etc led me to bad trades. So now i am looking for a good trading system/indicator which i want to learn throughly and do some consistently profitable trades....:) Please guide me.

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TheRumpledOne
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Postby TheRumpledOne » Sun Sep 06, 2009 5:32 pm

ALL YOU NEED TO KNOW ABOUT TRADING

* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.

Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss)

You can not control the probabilities of wining or losing.

You can not control your average win size.

The only part of the equation that you can control is your average loss size.

Learn to trade using HORIZONTAL LINES.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

musshan
rank: <50 posts
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Postby musshan » Mon Sep 07, 2009 3:14 am

Hi TRO,

Thank you for the guidance. I searched your forum yesterday and you found DTB v8 (what wonderful system i want to thank you for that too :). I want to know if i have to make any config changes after installation or can use it as it is?

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