I feel I know what I'm talking about here, but honestly I am very new to trading comparitivelyt to everyone else but I feel very fortuenabte to have become one of the 5% of consistant winners. I have seen a lot of systems, but the way I trade is not really a system, it is a belief system. That is when I see the following patterns, I believe that if x happens to y formation z will result.
Several "systems" are actually a framework with which you gather information and make an intuitive decision. We too otfen use emotion as an energy that influences the perception of the market data. Our choices we make, and the data that we are capable recognizing of interpreting should be always based on experience of the behavior of the instrument we are involving our senses in.
We start to expect the market to behave in a certain way, and it does enough we can make it our friend. But the trend isn't your friend, it is someone you can trust most of the time but somtimes acts strangely. The holy grail would have to be taking every mathematically possible pip, as if you could see what it would do a la back to the future and the magazine of sports records.
I hear and see of people getting 95% Wins with a good ratio of anywhere from 1:1 ro 3:1. I'm not doing that right now that's my goal. You can learn the framework of how the currency is moving and be right a lot just by knowing how it defines it's movement. When we use a moving average, fractals, or neural programming, we are working with this, so when you are new, learn that first. Then you won't be having to just learn and blindly trust a system that you don't understand the reason it works. You'll be doing something you know, and you wont be emotionally involved the same way, and you will basically have the proper foundtation for being the best trader you can be.
I seem to know a lot about trading honestly I am not worried about doing well I just don't even have a grubstake.
Good Luck, and comments please from anyone who trades basically with no system, and what works for you. I basically look at price action, trendlines, channels, fibs, and fib numbers of pips away from significant points like entries, breakouts, and major s&r
http://www.andrewconnor.com/untitled.JPG
Several "systems" are actually a framework with which you gather information and make an intuitive decision. We too otfen use emotion as an energy that influences the perception of the market data. Our choices we make, and the data that we are capable recognizing of interpreting should be always based on experience of the behavior of the instrument we are involving our senses in.
We start to expect the market to behave in a certain way, and it does enough we can make it our friend. But the trend isn't your friend, it is someone you can trust most of the time but somtimes acts strangely. The holy grail would have to be taking every mathematically possible pip, as if you could see what it would do a la back to the future and the magazine of sports records.
I hear and see of people getting 95% Wins with a good ratio of anywhere from 1:1 ro 3:1. I'm not doing that right now that's my goal. You can learn the framework of how the currency is moving and be right a lot just by knowing how it defines it's movement. When we use a moving average, fractals, or neural programming, we are working with this, so when you are new, learn that first. Then you won't be having to just learn and blindly trust a system that you don't understand the reason it works. You'll be doing something you know, and you wont be emotionally involved the same way, and you will basically have the proper foundtation for being the best trader you can be.
I seem to know a lot about trading honestly I am not worried about doing well I just don't even have a grubstake.
Good Luck, and comments please from anyone who trades basically with no system, and what works for you. I basically look at price action, trendlines, channels, fibs, and fib numbers of pips away from significant points like entries, breakouts, and major s&r
http://www.andrewconnor.com/untitled.JPG
I keep a close watch on this chart of mine...