This very first post #1 will probably be changed frequently to reflect the current condition of principles etc for this particular thread so new people can be up with the times simply by reading this informative article.
Throughout my studies in the couple of years I've become a trader, such as many of you I've tried several distinct ways and styles of trading. It's been my experience that most of the time when I enter a transaction, price goes contrary to my place if not right away then soon after before it turns back around and heads in the first planned direction. Although I've had and do have any success with experts as my bread and butter trading tools I've always wished to be able to trade successfully with the manual process; consequently, TAYS the Trading Yourself Stragegy or to set it in a better way, Trade What You DON'T See.
Because of this trading metric, though it may very well be the norm for the majority of traders most of the time, I decided to try something a bit different. So I took a number of the standard indiors, put together a very simple trading plan but when it came time to pulling the trigger, rather than clicking the buy for buy and sell for sale, I decided to attempt and click the contrary box instead.
Quite simply, if it were a buy signal I Had click the market box and visa versa. In my amazement I finally began manually trading rather successfully. The trick to this as if I need to tell you is how the mind reacts to this type of twisted thinking, it could be more difficult than you may imagine initially but on the other hand it's quite fun and gives a gaming flavor to trading so much as I have observed to this point.
Because of this, I was considering taking a demo or just a nano account (since at least this would be live) and experiment reside here onforexintuitivewith you intelligent people employing this egy.
Therefore my questions before I choose to begin is this are:
1. Is there some interest in this type of trading experiment.
2. Has or is anyone doing this since I do not want to become a taboo contributor to FF.
I appreciate the feedback.
If there's very little interest I'll just leave this at the and thank you.
Otherwise I will begin trading this way posting the transactions bad or good and I took them that way. I'll also be open to advice from all persons who can provide valuable tidbits of trading assistance and information to further the cause. Lastly, if I continue this thread I will post not only the transactions (best I can) but also the account from week to week.
Thank you Beforehand,
Edit: ADDED INFO BELOW 5-12-2010 11:55 MST
Alright! I have developed a very simple trading format that should be a consistant loser. Why? Because it's going to adhere to the indictors that should lead us to riches but always causes reductions... right? well we will see.
Below I will list the indiors I am planing to begin with.
I am starting this thread using a demo account, one that I had about $700. I believe I'll probably restart it in a while so that which is zero would out if things appear to go well.
Caveat:
I reserve the right to change and rechange the principles and the indior record anytime.
VERY SIMPLE TRADING RULES:
1. TRADE WHEN A MAJORITY OF INDICATORS AGREE IN A DIRECTION
2. CHOSE TRADE BY CLICKING ON THE OPPOSITE DIRECTION THE STOCHASTICS POINT (for now)
3. TP SL WILL BE COMPUTED USING THE FIB EXPANSION FOR THE TIME BEING.
4. ANY TIMEFRAME IS FAIR GAME BUT I'LL PROBABLY KEEP IT IN THE 1HR TO 4HR AND SOMETIMES I'LL USE THE 15M TOO.
EDIT: adding into the principles here
5. After within close range of profit goal and in nice profit a stop will probably be moved to lock in up to 50 of their initial planned profits or a BE may also be put.
The list of indiors under I believe are fairly solid for sign hunting. I am sure I will be changing this list from time to time and again but for now this is what I will start with.
INDICATOR LIST:
MACD 8, 15, 9
STOCHASTIC 8, 4, 5
TRENDLINES DRAWN BY THE SHI CHANNEL TRUE (used as a range reference and TREND indior)
TRENDLINES MANUAL (ditto)
SNAKEFORCE (REMOVED)
HEIKEN ASHI...(TREND INDICATION)
SLOPE INDY ON CHART...(TREND INDICATION)
all of the above indiors are available (here I am sure) and anyplace, just google them if you want to follow.
Later once this is moving along, IF things are looking good I'll post the indior package we are currently using at the time. For now I just need to see if this is sometimes a viable guide trading system. I have done this in private with some fantastic success but I have never attempted it publicly and so I have no idea what to expect here. Also do my very best to post charts of transactions as time goes on. Please know that I conduct a complete time business in your home so there will be instances I might not be about to post a couple of hours but I will reply all articles left for me when I watch them.
I believe this is a fun, intriguing and interesting trading experiement...
Much gratitude to everybody who joins me and helps with their ideas and thoughts. Please feel free to post your personal charts provided they're of Trading Yourself. Additionally, if you have some indior suggestions or critiques generally feel free to fire away