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Baruch's Forex System Journal
- Thread starter Baruch
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Quote from SteveL91:
Yep, I agree. I've just started going over my charts for the day, and the EUR/USD is shaping up for a potential huge move downwards. Since I haven't finished looking at all the charts, I won't mention any others other than to say that I think there could be a big move in GBP/USD as well.
Hi Steve,
Good luck. Let's see what happens.
AC3, Guardian Angel, TRADERguy, rax, Lou, Steve, bgp, jrichman23 & Co.
Any advice to our newbie?
Any advice to our newbie?
Quote from Chaw:
I need some advice on trading....
I am to place my frist trade ever sometime this week. can you give me some tips?
What do you look at when you trade?
What strategy do you use what studies etc.....
Thanks fro your help in advance!
Quote from Baruch:
AC3, Guardian Angel, TRADERguy, rax, Lou, Steve, bgp, jrichman23 & Co.
Any advice to our newbie?
One of the best peices of advice I can give a newbie is this: Decide what ur going 2 do b4 the trade has been put on .... that is Entry & Exit (Profit Level & Stop Loss). DO NOT wait till the trade is on 2 decide these factors ...... do it sober w/out the euphoria of a winning trade or the greif of a loser.
Ironically I follow the same peice of advice as the our friend Baruch (K.I.S.S.) My strategies are systematic and are based upon very simple inputs ..... over time I have refined them a bit but find that the simplier the better (be able to understand everything that u r foloowing and the inputs into those functions) this will help if u find that u have 2 tweak ur system ......
Keep a cool head and whatever u do ,...... dont sit in front of that screen sweating every tic. Life is going on around you and ur trade wont get any better or worse w/ u sitting there screaming at the screen.
Good luck to you I wish all the best.............
Quote from AC3:
One of the best peices of advice I can give a newbie is this: Decide what ur going 2 do b4 the trade has been put on .... that is Entry & Exit (Profit Level & Stop Loss). DO NOT wait till the trade is on 2 decide these factors ...... do it sober w/out the euphoria of a winning trade or the greif of a loser.
Ironically I follow the same peice of advice as the our friend Baruch (K.I.S.S.) My strategies are systematic and are based upon very simple inputs ..... over time I have refined them a bit but find that the simplier the better (be able to understand everything that u r foloowing and the inputs into those functions) this will help if u find that u have 2 tweak ur system ......
Keep a cool head and whatever u do ,...... dont sit in front of that screen sweating every tic. Life is going on around you and ur trade wont get any better or worse w/ u sitting there screaming at the screen.
Good luck to you I wish all the best.............
thanks so much.
I would like to know if the strategy i am using is any good.
I use MA10 and MA40 and wait for crossovers. Is there anybody out there who thinks that they make tweak this a bit more and make it better!!
Let me know about this strategy.
What strategy do you guys use??
Thanks gang
Quote from AC3:
One of the best peices of advice I can give a newbie is this: Decide what ur going 2 do b4 the trade has been put on .... that is Entry & Exit (Profit Level & Stop Loss). DO NOT wait till the trade is on 2 decide these factors ...... do it sober w/out the euphoria of a winning trade or the greif of a loser.
Ironically I follow the same peice of advice as the our friend Baruch (K.I.S.S.) My strategies are systematic and are based upon very simple inputs ..... over time I have refined them a bit but find that the simplier the better (be able to understand everything that u r foloowing and the inputs into those functions) this will help if u find that u have 2 tweak ur system ......
Keep a cool head and whatever u do ,...... dont sit in front of that screen sweating every tic. Life is going on around you and ur trade wont get any better or worse w/ u sitting there screaming at the screen.
Good luck to you I wish all the best.............
Is it advisable to use a 10 min chart using MA40 and MA10 - and wait for a cross over?
What time scale charts do you recommend?
Quote from Chaw:
Is it advisable to use a 10 min chart using MA40 and MA10 - and wait for a cross over?
What time scale charts do you recommend?
I personally like the MA's and after that its really up 2 the user 2 decide what best fits their time frame of interest and the # of confirmation bars etc that go along w/ the strategy... as far as figuring out if ur startegy is a winner or not ... do as much back testing as U can then test it in real time .... that is 2 say allow the system to show u what trades that it would do going fwrd (w/out risking the $) and see if the trades are in line w/ what it showed u over the backtesting period .... I would recomend a 6 mth period going fwrd 2 c if the trades are in line..... u may have already done this u may thnk Im nuts or that it wud impeded ur progress ... this is up 2 u .....I personally tested my program for a year after deciding on the criteria (caveat.... I had the luxury of time and didnt need 2 trade so I waited it out)
Quote from Chaw:
Is it advisable to use a 10 min chart using MA40 and MA10 - and wait for a cross over?
What time scale charts do you recommend?
No. You will get killed by whipsaws. Use a 30 min chart instead. There is a system called Bunnygirl Cross which uses 5 wma and 20 wma on a 30 min chart. 20 pips filter. Should be profitable, but I am not sure.
You are also welcome to use my own system. Our friend jrichman23 (read his comments) just made 350 pips in 3 pairs with it in two days (sunday and monday).
Quote from Chaw:
Hiya,
I need some advice on trading....
I am to place my frist trade ever sometime this week. can you give me some tips?
What do you look at when you trade?
What strategy do you use what studies etc.....
Thanks fro your help in advance!
Thank you!
Jimmy Young offers a online course in forex trading for 199 dollars.
www.eurusdtrader.com
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