Components of a Perfect System

O

oddiduro

Okay, I have seen a lot of new faces around here.

Let's build a perfect system. We will use concepts rather than specifics to protect the names of the innocent.:)

Now, a perfect system should.........
1. Let profits run
2. Cut losses short
3. Identify a trend quickly( trend=higher high, higher low and vice versa)
4. Trade with minimal losses or nominal gains through "choppy" markets
5. Keep losses linear, make profits parabolic.


Anything else?

What say ye, ET?:D

Best Regards
Oddi
 
1. Throw away all indicators
2. Learn how to read price movement
3. Learn how to read price movement
4. Learn how to read price movement
5. Learn how to read price movement
6. Learn how to read price movement
7. Learn how to read price movement
8. Learn how to read price movement
9. Learn how to read price movement
10. Learn how to read price movement
 
Have you learned it yourself?

Quote from HolyGrail:

1. Throw away all indicators
2. Learn how to read price movement
3. Learn how to read price movement
4. Learn how to read price movement
5. Learn how to read price movement
6. Learn how to read price movement
7. Learn how to read price movement
8. Learn how to read price movement
9. Learn how to read price movement
10. Learn how to read price movement
More...
 
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