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Lets Get Real
I have read every system and trade idea out there and tried them all. Put lots of different indies and combos on my charts and had various levels of success. In reality I have found that the basic ideas of price action are still the best. However, I don't yet have the confidence to go naked in this world. I still need a couple of indies to show me what is behind the scenes.
Anyways I need to have a little backup with my trading. I am tired of talking to the walls. I want a little feedback and maybe support/constructive criticism. So I am going to post my trades and my trading system here for all to see. If you like it great. If you don't, tell me why and how to make it better. If you can't do that then please don't comment.
I will post my indies and my template. I can tell you now that I will never be able to take all the trades. I have to sleep and live a real life. However, I will try to get as many as possible.
I got the idea about restarting every hour from another trader on this forum. I have never paid him a dime and I owe him nothing but thanks so don't start flaming me. The shit simply works.
It is more than that though. It is about real money management and risk management. It is about good entries and exits. For those I use scripts exclusively. You have to know what your risk is and you need to place the right trade every time. I can't do it without the scripts. You will get those too.
Trade the 1hr candle. If it is up you should be long and vice versa. I trade the 1 min chart on these principles. I risk 5-10% of my account on every trade with a 20-25 pip stop. This means that I have to be VERY SURE of my trade before pulling the trigger. It also means that I only need a couple of trades a day to be successful.
I will post the rest later today with the indies and the template.
Last edited by radatats; 03-04-2009 at 10:14 AM.
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