8-5 job, no bullshit daily technical sys (8-5 job, no bullshit daily technical sys)
Hello everyone. Although I am new to this forum I have been trading for over 2 years and yes I have dabbled in many trading systems but most of my attempts have failed. Have you also encountered this situation?
Don't worry. This is because you haven't found the strategy and risk management that works for you. Maybe not even mine.
However, if you...
1) Work during the day (8pm to 5pm)
2) Don’t like to stare at market charts all the time
3) Don’t like scalping
4) Don’t like to follow the news
5) Like to spend a total of 15-30 minutes every day following market trends
Then you've come to the right place!
My strategy is simple. We need to equip ourselves with something.
-Daily time frame. (That’s because I work a 9-to-5 job and trading is not my full-time job.)
-21, 50, 200 EMA (basically what you need)
-Basic support and resistance lines (which I will cover in every live trade)
-RSI (occasionally finding reversal divergence)
That's it. If you're looking for fancy words, fancy metrics, then exit this thread. Because you won't find them here.
One thing I need to clarify is that I am not introducing a proven system that you can load overnight or through any bot. What I will share here is how to trade trends and retracements using the indicators mentioned above. through real-time trading.
There are no traders. But as long as you set the right stop loss, you can make a profit. I am a part-time trader, which means I don't have to make $100,000 a month trading, but I make enough to supplement my monthly salary. (I believe most traders here feel the same way)
I take no credit for "discovering" any of the strategies I use here. I just put together a strategy that I think works best for a part-time trader like me and share it out loud.
I'm less concerned with the technical knowledge of how to trade; I'm more concerned with the psychology and risk management behind each trade. This is where the accounts get ruined.
Finally, transactions can be clean and tidy. Patience is key.
Let's get to work.
Updated April 25-29:
USDJPY: http://www.forexfactory.com/showthre...74#post8890774
EURO JPY: http://www.forexfactory.com/showthre...89#post8890789
AUD/USD: http://www.forexfactory.com/showthre...00#post8890800
Don't worry. This is because you haven't found the strategy and risk management that works for you. Maybe not even mine.
However, if you...
1) Work during the day (8pm to 5pm)
2) Don’t like to stare at market charts all the time
3) Don’t like scalping
4) Don’t like to follow the news
5) Like to spend a total of 15-30 minutes every day following market trends
Then you've come to the right place!
My strategy is simple. We need to equip ourselves with something.
-Daily time frame. (That’s because I work a 9-to-5 job and trading is not my full-time job.)
-21, 50, 200 EMA (basically what you need)
-Basic support and resistance lines (which I will cover in every live trade)
-RSI (occasionally finding reversal divergence)
That's it. If you're looking for fancy words, fancy metrics, then exit this thread. Because you won't find them here.
One thing I need to clarify is that I am not introducing a proven system that you can load overnight or through any bot. What I will share here is how to trade trends and retracements using the indicators mentioned above. through real-time trading.
There are no traders. But as long as you set the right stop loss, you can make a profit. I am a part-time trader, which means I don't have to make $100,000 a month trading, but I make enough to supplement my monthly salary. (I believe most traders here feel the same way)
I take no credit for "discovering" any of the strategies I use here. I just put together a strategy that I think works best for a part-time trader like me and share it out loud.
I'm less concerned with the technical knowledge of how to trade; I'm more concerned with the psychology and risk management behind each trade. This is where the accounts get ruined.
Finally, transactions can be clean and tidy. Patience is key.
Let's get to work.
Updated April 25-29:
USDJPY: http://www.forexfactory.com/showthre...74#post8890774
EURO JPY: http://www.forexfactory.com/showthre...89#post8890789
AUD/USD: http://www.forexfactory.com/showthre...00#post8890800
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