One more system based on a ma crossover and i'm gonna pug.
They don't work! They suck in ranging markets and since most of the time (70%) forex market is in a range that's a big disadvantage.
What happened to simple Trendline,Support/Ressistance, Pivot Points and Fibonacci? If you wouldn't be so caught up trying to find the magic system you would understand that all you need to be succesfull is the above mentioned. And yes you must watch the market and follow the news. There's no easy way to get rich overnight. I don't believe in mechanical systems.
I don't have a perfect strategy i just look for confluences of fibonacci retracements with pivot points,support/resistance or trendlines and trade with the prevailing trend.
I allways enter trades with at least 1/2.5 risk reward ratio. I also watch for candlestick patterns. This is all i use and it's enough to be succesfull.
Master these and you'll see the results soon.
And the best thing is that my charts look very clean and i can see the big picture.
They don't work! They suck in ranging markets and since most of the time (70%) forex market is in a range that's a big disadvantage.
What happened to simple Trendline,Support/Ressistance, Pivot Points and Fibonacci? If you wouldn't be so caught up trying to find the magic system you would understand that all you need to be succesfull is the above mentioned. And yes you must watch the market and follow the news. There's no easy way to get rich overnight. I don't believe in mechanical systems.
I don't have a perfect strategy i just look for confluences of fibonacci retracements with pivot points,support/resistance or trendlines and trade with the prevailing trend.
I allways enter trades with at least 1/2.5 risk reward ratio. I also watch for candlestick patterns. This is all i use and it's enough to be succesfull.
Master these and you'll see the results soon.
And the best thing is that my charts look very clean and i can see the big picture.