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you're welcome.
I'm sure it's been mentioned on here someplace, but in case not: before anyone goes hell for leather incorporating a singular or combination piece of someone else's analysis into their arsenal......TEST IT - & test it thoroughly!
consistancy (or success) is measured not by how many pips you pull out of the market over a short, sharp period of "hot activity" - but by finding a method which suits your psychological approach to your preferred instrument & adopting a simple, workable template.
nothing works all of the time. but adopting a consistant plan & adhering to the similar signals will tell you 'when it's working or not'
capital preservation should be No 1 priority - period....when the market isn't playing ball (according to your strats), get the hell out & stay out until it slips back into line (according to your rules).
never force your strat, never chase the markets & definitely don't start tinkering or changing anything just because you've gone several day's without a market entry signal....it happens to all strats!
keep it nice & simple, keep it "price based" & use as few price aids (indicators) as you can possibly get away with 
such is the increased participation & liquidity in FX, you won't have to wait too long before your favorite instrument begins to open out & set up again....patience & discipline, they're your best friend when trading these animals!! |
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Excellent comment Texxas.... alot of years and experience in your words. Price is KING. For new traders.... learn to trade price action and you will always remain in this game.
Very nice charts you posted there as well Texxas. My old mentor was a fib based trader so its nice to see Fib traders here
