Well, I have been asked many times these days since I started to publish my TE to share with the people my strategy, is quite interesting when people see numbers like +900% they start to become crazy thinking someone found the HolyGrail combination of indicators that can be automated in a EA to become rich in 1 week without any effort at all... Let me tell you this is far from reality...
I'm not going to tell you that I'm an experienced trader that has been trading for over a decade and that I have blown several accounts until I found this "super system" that would be also far from reality, I always traded small accounts and I use trading just like a hobby, I have 0 respect for the market because first, the money I'm "investing" is not money I need, it's just money I can afford to lose or that instead of buying a new Airsoft gun (Yup I love Airsoft), I put it in my account and start trading this money instead of wasting time with a Demo account and second and the most important part, I have a really good job and my expectations are not living from trading in close, mid or even mid-long term, who knows, maybe some day I have a 100k€ account and I can consider it, but honestly, I just want to live a normal live without having to worry about the money, and this is something I already have.
I have been trading for almost 3 years now and I spent as I think almost everyone the first 1 or almost 2 years just looking for the perfect combination of Indicators, hundreds of them, then EAs, then strategies... Everything just a waste of time, it was until I spent some time learning and studying technical analysis, price action and the very basics when I understood that I could drop those nasty indicators and have almost a clean chart where I could see with my naked eyes what was happening in the market.
And trust me, you just need to know
- trendlines
- support and resistenance
- market structure
- Fibos
And something I want to learn now is proper eliott wave analysis.
Now I'm just using a couple of indicators, visual tools that help me to understand and see psychological levels that may act as dynamic support / resistances (For example and EMA) These are:
- EMA 50
- Weekly Pivot Point
- Daily Pivot Point
Something also important that helped me reduce my overtrading was to uninstall mt4 from my computer and just have it in my mobile device, as in my phone I don't have the tools to complete an analysis I avoided the stupid trades you take when you are bored in the computer and you just see oportunities where they are not, this reduced my overtrading A LOT and now I'm just using Tradingview for my analysis.
And then a very important thing here, I don't use Stop Loss, I recover my trades manually so if this triggers you, you can just stop reading, go to any other post in this forum and let me alone in my crazyness, I know I'm risking 100% of my account in every trade without SL, I have accepted it time ago and I like it, nothing else to discuss here.
Here I will try to post my trades, maybe not all of them and try to explain why I took them, hopefully you will see that what I do is not magic and there is some sort of logic on what I do and hopefully, this will help you to start dropping the indicators and improve your trading.
Let's see if I don't regret starting this post! And to avoid that I have some rules.
- I'm not going to directly spoonfeed you, I will delete posts of questions you can find in babypips or by spending 5 minutes on google.
- I'm not going to allow any screenshot of a trading screen with more than Daily Pivot, EMA and Weekly Pivot there as Indicators.
- I'm not going to explain you when you should take the trade or not, when to take profit or where to put the SL if you want it.
- I will be editing this rules when I please.
Hope you a good day
I'm not going to tell you that I'm an experienced trader that has been trading for over a decade and that I have blown several accounts until I found this "super system" that would be also far from reality, I always traded small accounts and I use trading just like a hobby, I have 0 respect for the market because first, the money I'm "investing" is not money I need, it's just money I can afford to lose or that instead of buying a new Airsoft gun (Yup I love Airsoft), I put it in my account and start trading this money instead of wasting time with a Demo account and second and the most important part, I have a really good job and my expectations are not living from trading in close, mid or even mid-long term, who knows, maybe some day I have a 100k€ account and I can consider it, but honestly, I just want to live a normal live without having to worry about the money, and this is something I already have.
I have been trading for almost 3 years now and I spent as I think almost everyone the first 1 or almost 2 years just looking for the perfect combination of Indicators, hundreds of them, then EAs, then strategies... Everything just a waste of time, it was until I spent some time learning and studying technical analysis, price action and the very basics when I understood that I could drop those nasty indicators and have almost a clean chart where I could see with my naked eyes what was happening in the market.
And trust me, you just need to know
- trendlines
- support and resistenance
- market structure
- Fibos
And something I want to learn now is proper eliott wave analysis.
Now I'm just using a couple of indicators, visual tools that help me to understand and see psychological levels that may act as dynamic support / resistances (For example and EMA) These are:
- EMA 50
- Weekly Pivot Point
- Daily Pivot Point
Something also important that helped me reduce my overtrading was to uninstall mt4 from my computer and just have it in my mobile device, as in my phone I don't have the tools to complete an analysis I avoided the stupid trades you take when you are bored in the computer and you just see oportunities where they are not, this reduced my overtrading A LOT and now I'm just using Tradingview for my analysis.
And then a very important thing here, I don't use Stop Loss, I recover my trades manually so if this triggers you, you can just stop reading, go to any other post in this forum and let me alone in my crazyness, I know I'm risking 100% of my account in every trade without SL, I have accepted it time ago and I like it, nothing else to discuss here.
Here I will try to post my trades, maybe not all of them and try to explain why I took them, hopefully you will see that what I do is not magic and there is some sort of logic on what I do and hopefully, this will help you to start dropping the indicators and improve your trading.
Let's see if I don't regret starting this post! And to avoid that I have some rules.
- I'm not going to directly spoonfeed you, I will delete posts of questions you can find in babypips or by spending 5 minutes on google.
- I'm not going to allow any screenshot of a trading screen with more than Daily Pivot, EMA and Weekly Pivot there as Indicators.
- I'm not going to explain you when you should take the trade or not, when to take profit or where to put the SL if you want it.
- I will be editing this rules when I please.
Hope you a good day
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