Wednesday 25 February 2015

concentrated on trading yesterday and made profits. Hence couldnt post.

I found
1. This system generally address the trend of the market.
2. Timeframe to be adjusted  for each commodity or pair according to their momentum.
ex. Eur Usd 30 min, whereas US OIL and Gold are hourly charts. Nifty future 4 hr
3. Being a trend following system, setting stoploss seems to be losing level, one opposite stroke
hits stoploss as seen in yesterday Eur usd. positions to be open which we might think risky.
4. Quick scalping not possible.
5. 30% return per month seems to be assured.
6. No need to look as each candle and start analyzing its behavior and news.
7. Seems to be relaxed trading and need not get glued to charts.
8. Finally, balancing the chart set up, mind set up and targeting 30% return on investments
seems to be more important than trying to protect capital by setting stoploss and trying for
more profits, 

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