I’m a 59 retiree though I’ve a full time job at this second. I’ve been buying and selling foreign exchange for nearly a decade and 3/4 of this decade was not earning money. Nevertheless, I’ve come to grasp that almost all trades utilizing indicators are a complete waste of time. It’s lagging, it observe value. When value goes up the indicator goes up and vice versa.
I’ve been utilizing engulfing bar as a reversal sample and utilizing semofor 3 (it repaints and it’s a good factor not dangerous) as a filter to let me see the swing factors. The engulfing bar should strictly adopted by a affirmation bar earlier than entry. This affirmation bar is a should to make sure that there’s observe by means of after the engulfing. An image will allow you to see what I imply. This system isn’t my very own and for those who felt I plagiarised your work, let me know. I’ll cease this thread.
First some home guidelines:-
1) strictly no criticism or bullying with ego statements, abusive, or intimidating phrases. When you don’t love, simply get out
2) I don’t want to indicate you my buying and selling outcome as I’m underneath no obligation
3) no deviation from the approach use right here. This thread began with the intention for events to make constructive contribution and make it higher
4) constructive opinion and questions are inspired however please perceive that I’m a working particular person not full time dealer
5) want to have numerous encouragements with fellow merchants and no harassment (I repeat)
This system is simple to grasp with very minimal indicators which complicates.
Is this method excellent and 100% fail proof? It isn’t and it’ll have occasional losses like every technique.
Hope it helps.