Don't fix it if it ain't broken!
Don't fix it if it ain't broken!
I was reading hundreds or thousands of posts in the last weeks of great trading systems and setups here.
So many peoples putting their brains here, trying to find a way to beat the difficult Forex market. Tough enemy.
So there are so many systems - better or worse - with different ways to attack the market depending of the temperament of each trader. Some like it hot and aggressive hanging 16 hours in front of their screens, some trade on dailies with a quick look on the charts in the morning.
But one thing I have been observing is the following:
* There is someone posting a new thread about a system he is using personally and successfully.
* Then the thread gets busy and a lot of qualified guys (thats not ironic!) try to help and make the whole thing better.
* After 1,000 post you barely have the originator of the system posting anymore as he still has his original chart and setup from post #1 still trading successfully.
* After reading post 1,500 the whole system has changed to something completely different and nobody remembers the basic idea anymore and more post from peoples coming in asking what the hell is the right and best setup for this as there are soooo many different in the thread!
Please, this is not to criticize the work and effort of all the great guys here trying to improve the trading methods. My personal conclusion is nevertheless:
Choose a system which fits your trading style and temperament, read the post #1 of the thread and apply it. You will be fine!
To illustrate what I mean: Read the "Follow the Bouncing Pip" from Big Bear and forex11 or read the ISAKA II thread from Zenan. Both are still happy with what they created in the 1st post. The rest is just fixing something that ain't broken!
Good luck all...
Last edited by dxtrade; 09-11-2007 at 05:37 AM.
Reason: Grammar
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