Simple trading system for newbies
I see everyone looking for a simple system. As you learn about the market, your tools become fewer and fewer.
But before you do that, you need and want a lot of tools
This is the first one I used. It's simple, yet works great and has all the tools a newbie would love with very clear rules! !
For an uptrend within a downtrend, is the opponent right? ? ?
It really is as simple as a tool
1. Trend
50ems..Only trade when you see a trend ie. Prices over 50&50 are not flat.
2. Stop Loss Find the last swing low and set your stop loss 3 pips below.
Use fractals.
(As price moves to the next swing low, keep moving your stop up which is one of two exits... price will take you out..)
3. Use the 5.3.3 Stoch to enter and only buy when coming out of oversold.. that's the whole purpose of using it.
4. Use the 15.3.3 Stoch ONLY to exit when exiting the overbought area...that's the whole purpose of using it.
That's it
TEB
But before you do that, you need and want a lot of tools
This is the first one I used. It's simple, yet works great and has all the tools a newbie would love with very clear rules! !
For an uptrend within a downtrend, is the opponent right? ? ?
It really is as simple as a tool
1. Trend
50ems..Only trade when you see a trend ie. Prices over 50&50 are not flat.
2. Stop Loss Find the last swing low and set your stop loss 3 pips below.
Use fractals.
(As price moves to the next swing low, keep moving your stop up which is one of two exits... price will take you out..)
3. Use the 5.3.3 Stoch to enter and only buy when coming out of oversold.. that's the whole purpose of using it.
4. Use the 15.3.3 Stoch ONLY to exit when exiting the overbought area...that's the whole purpose of using it.
That's it
TEB
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