2009.03.08 TRO_Multi_Meter_Snake
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- prochargedmopar
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Thankyou Sir.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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JESGPY wrote:Winny.
Would you mind sharing your set up?
JESGPY
This was just an example of how I trade the buyzone. Everyone has there own way of doing so, and there are more ways to trade profitably. This is not the only way, but it works for me. I personally do not like to use too many tools/indicators. Just try to keep it simple.
Last edited by winny on Sun Mar 15, 2009 11:29 pm, edited 1 time in total.
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- TheRumpledOne
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- prochargedmopar
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Hmmmm.
.2894-2900
+6 pips with this setup at 6:00pm SP_openline.
There are to many ways to pick up pips and it's driving me wacky.
.2894-2900
+6 pips with this setup at 6:00pm SP_openline.
There are to many ways to pick up pips and it's driving me wacky.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
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winny,
I hope you don't mind me posting this from the pm you sent me but I feel it is VERY important information for me and any other noobs that are reading this post.
From Winny:
sorry, I do not use all the other indicators you mentioned.
In all the years I traded I learned that most indicators are difficult to work with or simply do not work at all in the end.
Money management is the key to trading profitably.
My friend, the big investment managers out there do not even use all these complicated indicators. a simple moving average on a daily chart will do for them, as they know that this way they will always trade within the trend. They realize that excellent moneymanagement will be the road to success. Even if a strategy or system is profitable for 40-50% then a good trader can still come out ahead with good profits, simply because his money management techniques are perfect.
I really only look at price and a fast moving trend indicator.
I am not using MT, but I was interested in that Toptrend indicator as it looked good for MT platform (so you can trade with your mobile). Then I saw TRO posted that snake indicator. It looks even better. But I am not sure or convinced if this one can be used/trusted for trading with a mobile.
You must have a clear signal to trigger. With toptrend you have a clear signal. Snake I only use for confirmation and to exit a trade.
procharged.
THANKYOU.
TRO, you know best. lol
I hope you don't mind me posting this from the pm you sent me but I feel it is VERY important information for me and any other noobs that are reading this post.
From Winny:
sorry, I do not use all the other indicators you mentioned.
In all the years I traded I learned that most indicators are difficult to work with or simply do not work at all in the end.
Money management is the key to trading profitably.
My friend, the big investment managers out there do not even use all these complicated indicators. a simple moving average on a daily chart will do for them, as they know that this way they will always trade within the trend. They realize that excellent moneymanagement will be the road to success. Even if a strategy or system is profitable for 40-50% then a good trader can still come out ahead with good profits, simply because his money management techniques are perfect.
I really only look at price and a fast moving trend indicator.
I am not using MT, but I was interested in that Toptrend indicator as it looked good for MT platform (so you can trade with your mobile). Then I saw TRO posted that snake indicator. It looks even better. But I am not sure or convinced if this one can be used/trusted for trading with a mobile.
You must have a clear signal to trigger. With toptrend you have a clear signal. Snake I only use for confirmation and to exit a trade.
procharged.
THANKYOU.
TRO, you know best. lol
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- TheRumpledOne
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