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Old 04-10-2008, 07:40 AM
namstrader namstrader is offline
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Re: A Successful Trader's Perspective on Price Action I Found to Share.

No I am still developing my system as of these days. This trader's perspective was sent to me as a email because I bought the Watts system a year ago, which I do not follow. I have been loosing the indicators myself lately, as I have been studying VSA, MP, and Price action. Another interesting finding that I find useful is watching a closed line chart with its reactions at certain moving averages like the 8ema, 34ema, and the 200ema. I have learned to have more patience with trade management and having a longer holding period. I have no success to speak of except that I am building a solid trading system with simulation. Skill first, currency will follow. Being undercapitalized will not hold me back from learning from so many here at Traderslaboratory and developing confidence and trust in myself and my system.

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