Results 1 to 8 of 8

Thread: Trading System Discussion

  1. #1
    Join Date
    May 2018
    Posts
    1

    Default Trading System Discussion

    I'm starting this thread to share my trading system. I'm using RSI, Stoch, and MA with standard setting. For confirmation i'm waiting all indicators cross..

  2. #2
    Join Date
    Jan 2017
    Posts
    4,129

    Default

    Technical analysis has evolved. Many indicators are actually
    overlapping.

    The book"New Technical Trader" by Tushar Chande and Stanley Kroll
    brings many new indicators. Maybe there are even more new developments.
    Who knows ?

  3. #3
    Join Date
    Jan 2017
    Posts
    4,129

    Default

    METASTOCK seems to be the TA favourite trading software,
    forex included.

    https://www.investopedia.com/article...m=14746476&utm

  4. #4
    Join Date
    Oct 2018
    Posts
    3

    Default

    To be a good Forex trader, a trader has to have an idea on the world currency. Because there is a huge impact on the forex market. Forex is complex and risky in this sense. To be a good trader, you should be a good analyst. Forex was really hard for me but after adding myself to TP Global FX broker I forgot that Forex is difficult for their genial benefits.

  5. #5

    Default

    Quote Originally Posted by oak333 View Post
    Technical analysis has evolved. Many indicators are actually
    overlapping.

    The book"New Technical Trader" by Tushar Chande and Stanley Kroll
    brings many new indicators. Maybe there are even more new developments.
    Who knows ?
    I quite agree, this is why traders should be dynamic in the market and flexible. Always been ready to learn is the key.

  6. #6
    Join Date
    Mar 2019
    Posts
    2

    Default

    There are numerous new indicators out there and significant development in technical analysis last couple of years, but in my view it is not enough to use indicators and mechanical systems in order to make profitable trades. You first have to understand the dynamics of your market, the fundamentals behind it and only than to apply technical analysis.

  7. #7

    Default

    I totally agree, you have to be swift and move along with the market as it happens in the moment. The market is ever changing and you can't let your hand down.

  8. #8
    Join Date
    Oct 2020
    Posts
    6

    Default

    How can I stop myself from closing trades early?

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •