Yes You Can Design Part Time Trading Plans That Make Money! Maybe you’ve bought a few already. But where almost all of them fail is in painting a picture of how trading works. But today, almost every forex trading system 0a system I trade is profitable.
I know what works and what does not. I stick with trading plans that do work. This form of thinking will just hold you back. Like me, you may have been guilty of this in the past. Maybe you are doing it right now. If you are, then stick with me.
I am going to share with you far better and more effective ways to design profitable trading systems. The fact is, I can show you how to be successful trading, but it will take work! But why am I sharing this information? If David’s so successful trading why isn’t he sitting on the beach selfishly keeping this methodology to himself? Please understand, becoming a successful trader takes work! I can take you the rest of the way. Click here to read more about David.
This is great, but I need to see it. How can I get the book? I cant even get started with Metastock ? Good information so far, i will be purchasing the video and book 2morrow. I want good and excellent and genuine forex signal providers can any one tell me and give their contact address. Wow, that is a really cool concept. I like the no-nonsense approach, which is really lacking online in many areas.
I don’t know much about trading yet but I’m learning slowly. David great little video, thanks for sharing and good advice. Leave a Reply Click here to cancel reply. Who’s online There are currently 2 users online.
Submitted by Edward Revy on June 30, 2007 – 13:27. Traders were asking to post some strategies that will work on smaller time frames. Here is one very nice trading system that can be worth your attention. Therefore, it is very important to have a really good Forex trading system that can advise on entries with high chances to win and what’s more important it should be able to tell exactly where to exit without need to constantly monitor the price. With all this long introduction, it is only left to mention that this strategy will require from traders basic knowledge of use of Fibonacci tool. What is Fibonacci tool and how to use it?
Simply Google “forex fibonacci” phrase and you’ll find a lot of information about it. This is probably the only reason we classified this trading system as Complex one, not every trader is comfortable with using Fibonacci studies in Forex. Time frame: any over 5 min and less than 3-4 hour. Fibonacci A swing and B swing. Pull Fibonacci from A to B. AB swings and set Fibonacci in both directions. Once set, wait and watch the retracement from AB swing to unfold.
The price must touch 5 WMA. The price must at least touch 0. 618 Fibonacci retracement level must not fail. It can touch or poke it, but the level must withstand the “attack”. When all three criteria are met, enter once the candle is clearly closed above 5 WMA for Long entry, below – for Short.
Profit target is set to 1. 618 Fibonacci expansion level derived from point A. Submitted by User on November 29, 2007 – 19:10. Submitted by Edward Revy on November 30, 2007 – 01:45. WMA stands for Weighted Moving Average. The Weighted moving average is calculated by averaging the current value and the previous values over the given period together. Submitted by User on December 20, 2007 – 02:04.