Quote:
Originally Posted by dimitriforexworld  Hello Traders,
I havent been around because i emptied my mini account and took some needed vacations.
I want to post my system, because maybe through your knowledge we could tune it up. Here are some bullets of my system:
Mini Account : $350
Broker: Gft
Lasted: 9 days - Focused on one currency EUR/USD
- Open 3-15 positions (one at a time) per day
- Stop loss : $12 -$20 (5.7%)
- Good Tecnical analyisis, bad timing
- Traded against trend
- Indicators: MACD, Slow & Fast Stochastics
- Looked for Divergence- one time frame yes another no
- Multi time Frames Weekly Daily, 8 hrs, 4 hrs, 1 hrs 30, 15 5min
- Bad time zone: Im in mexico i traded after NY session
- When Stopped, Immediately opened another position
- Did not study moving price averages
- Did not check daily, weekly, monthly % performances
- To many trades per day
This is just some of the things i think i did incorrectly. Am i missing something???? 
It would be great if you posted some of your ideas-experiences-opinios about my trading system.
Very thankful
Dimitri |
First of all I wouldn't use the word system to describe what you were doing. It wasn't really a system or method as much as it was a salmagundi of various pieces of information, indicators, and ideas all piled together. That is what is wrong with your list. It doesn't make any sense. You're switching between time frames, placing arbitrary stop losses, chasing trades, etc. I don't know how that could be good technical analysis and bad timing. It's bad technical analysis with no framework. Your trade choice is basically random, like closing your eyes and throwing a dart at the dart board. And there is nothing on your list about the use of S+R lines, the absolutely most vital aspect to trading. You can't trade without them. Maybe you used them and didn't list them, but I would suggest making better use of S+R lines (which show you true buying and selling pressure), learning where to place your stops so you can stay in trades until they
really do go bad because you'll nickel and dime yourself to death, and not chasing trades as a starter.