I wonder if anyone on this forum is making money--I think few.
The only way to make money is Money Management and a simple system.
And its really not that hard.
Here is an old one day system that is easy to use.
Use ema or sma at 5,10,20 (some like 4, 9,18) Yellow, blue, red
it doesn't matter really.
2 ways to play it..
1. The yellow cross from out of the green & red in that order. Works great you will have a lot of stop losses.
But if you let the winners run you will do great!
2. Better is make sure there is a R/S break & stay
(Better still is the old 1.2.3 break!!!!)
-- See the 6 yellow lines for buys on the chart below
The last one is for today
BUT watch the last day candle
- do not buy/sell a wick that is more then a 1/3 of the candle.
The SL is the last swing low (if that is to close do 2 swing lows)
Get into a free trade as soon as you can.
Keep moving up the SL everytime you have a higher Swing low.
In a strong trend use a IB to buy/sell in- like on this chart.
Chers
TEB
The only way to make money is Money Management and a simple system.
And its really not that hard.
Here is an old one day system that is easy to use.
Use ema or sma at 5,10,20 (some like 4, 9,18) Yellow, blue, red
it doesn't matter really.
2 ways to play it..
1. The yellow cross from out of the green & red in that order. Works great you will have a lot of stop losses.
But if you let the winners run you will do great!
2. Better is make sure there is a R/S break & stay
(Better still is the old 1.2.3 break!!!!)
-- See the 6 yellow lines for buys on the chart below
The last one is for today
BUT watch the last day candle
- do not buy/sell a wick that is more then a 1/3 of the candle.
The SL is the last swing low (if that is to close do 2 swing lows)
Get into a free trade as soon as you can.
Keep moving up the SL everytime you have a higher Swing low.
In a strong trend use a IB to buy/sell in- like on this chart.
Chers
TEB