[psb67]

Day trading, perhaps the most interesting at the same time highly testing a venture of all trading methods.

I wanted to share with you all the trading system I follow, which I found to be highly interesting.

I have attached 5m and 15m charts of GBPJPY & USDCHF of today's european session.

Healthy And Wealthy Trading

[shopsmart]

Hi there..

What exactly is the system? Would you be kind enough to elaborate?

Thanks..

[psb67]

Originally Posted by shopsmart »

Hi there..

What exactly is the system? Would you be kind enough to elaborate?

Thanks..

Hi Shopsmart,

Thanks for your reply.

I would be more glad to explain my system to you, if you would be kind enough to share with me what do you perceive from my charts.

Once you understand the functioning of it, you can make even if you don't want on an avg. 50 to 100 pips a day.

Healthy And Wealthy Trading

[Trader333]

It looks to me like you trade around pivot points based on some combination of awesome oscillator, macd and whatever that gooey orange indicator is.


Paul

[psb67]

Originally Posted by Trader333 »

It looks to me like you trade around pivot points based on some combination of awesome oscillator, macd and whatever that gooey orange indicator is.


Paul

Hi Trader,

Perhaps this is the first time, I am hearing a lovely name, "Gooey Orange Indicator" lol

Thanks anyway Trader.

I will try to be brief and succinct.

1. Pivot plays 10%
2. AO,EMA-200 & MACD 40%
3. The Gooey Orange Indicator 50%

The whole combination esp. in 1M makes tremendous impact. esp. with GBPJPY & USDCHF. My most fav. pairs. At least in a day, conservatively speaking, 2 times you get a chance to make a min. of 50 pips each confidently and assuredly.

Healthy And Wealthy Trading

[Trader333]

I remember seeing the orange indicator somewhere else but I cannot remember what it was.


Paul

[psb67]

Originally Posted by Trader333 »

I remember seeing the orange indicator somewhere else but I cannot remember what it was.


Paul

Paul,

It's a Rainbow Indicator for MT4. There is no big secret involved in my system. It's a matter of how we fine tune our system to suit our temperament.

In my trading, I don't depend 100% on TA alone, perhaps that's one of the reasons I am being to some extent successful in my trading.

I am learning, I don't mind being modest, to exploit this system to the fullest extent for my Equity index as well as forex trading and share it with you all.

Healthy And Wealthy Trading

[psb67]

Hi Friends,

My today's GBPJPY 1M Chart. Regret could not post earlier since I was busy on a long telecon with my friend from US.

Healthy And Wealthy Trading

Sureba67