I was wondering if anyone of you has had success with the systems listed in the beginner's section? I can't make up my mind on which one to follow. Any advice? at the moment I am using a EMA crossover, 10-20-40, and stochastic(9,3,3). I have no idea if this is a good setup. Breaking even since monday, though I need to work on my discipline. Thank you much, PT.
I've decided to share the elusive which system, (with respect to pacotrojan).
Basically, it is a mean reversal strategy..
1) Only trade in the direction of a positive swap.
2) Only trade daily chart.
3) Wait for a close outside Bollinger Bands, preferably with divergence on the Awesome Oscillator.
4) Trade small, leave plenty of margin available, be prepared to average into positions.
5) Take Profit @ the 20sma.
That is it.
Basically, it is a mean reversal strategy..
1) Only trade in the direction of a positive swap.
2) Only trade daily chart.
3) Wait for a close outside Bollinger Bands, preferably with divergence on the Awesome Oscillator.
4) Trade small, leave plenty of margin available, be prepared to average into positions.
5) Take Profit @ the 20sma.
That is it.
CADJPY looking the goods..
Now, time for some inspirational quotes from the OP himself of this thread, in his first post, way back in 2006! PACOTROJAN!
"you has had success with the systems" - pacotrojan
"this is a good setup" - pacotrojan
"to work on my discipline. Thank you much, PT." - pacotrojan
God bless you pacotrojan, I'm sure the Gods are smiling upon you..
Now, time for some inspirational quotes from the OP himself of this thread, in his first post, way back in 2006! PACOTROJAN!
"you has had success with the systems" - pacotrojan
"this is a good setup" - pacotrojan
"to work on my discipline. Thank you much, PT." - pacotrojan
God bless you pacotrojan, I'm sure the Gods are smiling upon you..
I will be honest with you, don抰 lose too much time with EMA crossovers. For beginner it sound nice and clean, but in reality you don抰 learn much from it. The system is extremely simple, like really simple?even a grandma can trade crossover 
So you are not forced to think about market structure, context, why price move, etc.
Second problem is signals. They are very few. Sometimes you wait days for clean crossover + stochastic confirmation. What you gonna do in the meantime?just stare at screen?
I see crossover systems more like something you keep in your arsenal, not your main weapon. Good to know, good to test, but not something to build full trading career on. Focus more on understanding price behavior, risk management, and discipline. That will help you much more long term.
So you are not forced to think about market structure, context, why price move, etc.Second problem is signals. They are very few. Sometimes you wait days for clean crossover + stochastic confirmation. What you gonna do in the meantime?just stare at screen?
I see crossover systems more like something you keep in your arsenal, not your main weapon. Good to know, good to test, but not something to build full trading career on. Focus more on understanding price behavior, risk management, and discipline. That will help you much more long term.
Whatever system you choose, if you don't have discipline and patience, it won't work.
I trade 2-3 setups depending on the day. Nearly always the m1 time-frame and mostly London Open first 90 mins.
What I rely on is a suite of indicators to give me all the information I need to make a decision then I wait to see if a setup comes my way. The most common setups I look for are an AC Correction, Supply / demand flip, 1-2 and trendline break.
These are the eWh indi and ABC123 (Snorm) indi's and also levels - all the opens and closes - Day, Week, Month, The Overnight Open / Close, Supply Demands on m1 and m15, Fair Value Gaps, Fib levels and Trend Lines.
Working with a strong HTF magnet as a target and the above tools I can enter a trades on price response at these levels and aim for a strong target.
I also use the Advanced Trade Manager to manage the trade. This has some nice automation when I cannot be with the trade until the end.
Example trade and tools / indi's screen shots 
On both the images you can see examples a few trades, each with a price level being broken, level tested and a price reaction at the test. Most trades also have a target level that I am aiming for.
I trade 2-3 setups depending on the day. Nearly always the m1 time-frame and mostly London Open first 90 mins.
What I rely on is a suite of indicators to give me all the information I need to make a decision then I wait to see if a setup comes my way. The most common setups I look for are an AC Correction, Supply / demand flip, 1-2 and trendline break.
These are the eWh indi and ABC123 (Snorm) indi's and also levels - all the opens and closes - Day, Week, Month, The Overnight Open / Close, Supply Demands on m1 and m15, Fair Value Gaps, Fib levels and Trend Lines.
Working with a strong HTF magnet as a target and the above tools I can enter a trades on price response at these levels and aim for a strong target.
I also use the Advanced Trade Manager to manage the trade. This has some nice automation when I cannot be with the trade until the end.
Example trade and tools / indi's screen shots