Hello every1! :D
In this post I'll explain in what things my trading system is based on. If you're not into FOREX, I hardly recommend to click here and learn a little: BabyPips.
Every person witch gets to know Forex, soon get fascinated of the miraculous money machine it is, and don't really see the big rat trap that's hidden behind the charts; Forex is SIMPLE for those who see it simply, but, for those who see it kinda "HARD" or "WILD MARKET", omg, this guys loose money.
Than u tell me: - Hey, stupid, you better respect the market monster or you'll be soon eaten.
OF COURSE I respect the market, and that's what I most do: Money Management.
If you're here maybe you've already visited hundreds of sites, forums, etc., with glorious promises, and I've done that too. And I wondered looking and reading each one of them, "how does they do that?". But, with hours of flight over the charts, I realized one very simple thing:
YOU DON'T HAVE TO BE THE SMART GUY!
The Forex market, as all the other speculation markets, is like a giant war-hope, in witch the team that pushs stronger, makes the greatest move!
But, in market it ain't about strength, its about mood. So, what does make people mood change to go Long or Short?
- INDICATORS
- NEWS
So, the most people uses a certain indicator, more people will follow that indicator, so they are on the same side of the war-hope, and you'd better be there with them.
And, witch are the most common and usual indicators EVER?
- MACD
- (E)MA's - (Exponential) Moving Averages
- Stochastic Oscilator
- RSI - Relative Streght Index
You have now the great information ever to trade FX: The MASS moves the MOST.
Hope you guys understand that, and believe that. Read that read phrase 21 times, so it gets sticked to your mind for ever.
Next post I'll explain how to talk to the charts, that will be really fun!
Tuesday, October 30, 2007
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Obrigado por colocar informações boas no seu blog.
ReplyDeleteEstou usando uma estrategia parecida com a sua mas uso psar e grafico m1.
se quiser trocar umas idéias fico agradecido. sherlyaf@ig.com.br