EOD trading system?

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Old Jan 10, 2006, 11:41am   #1
Joined Jan 2006
EOD trading system?

Hi Everyone,

I'm brand new to the FX market. I've been learning as much as I can and demo trading for about a month now. Not alot of success so far but that doesn't worry me as it's early days yet! haha

My problem though, is it seems almost all the information out there deals with day trading on short term charts. I don't have time for that as I live in Australia for starters(so can't catch much of the "heavy" trading periods that day trading seems to work well in) and have a job.

I was wondering if anyone can point me in the right direction for a simple trading strategy that can be worked from a daily chart. I'm not looking for the holy grail or anything, just something to get me started, that is easy to use and understand, gives me a slightly better than 50-50 success rate and can be used for trading positions of 1 day up to about 1 week. Is that asking too much? I really only have time to check things in the evening and make trades based on the daily chart. I can't check charts through out the day at all.

Anyway, any suggestions would be greatly appreciated.

Regards,
PKFFW
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Old Jan 10, 2006, 12:05pm   #2
Joined Feb 2005
Seen Chick's book?

Hi mate,

I've got the Trading Day by Day book by Chick Goslin, his is an EOD system for swing trading, and there's a whole thread to it on this forum somewhere. It's a good book, covers risk and money management well too.

Hope that helps,
-TPO.
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Old Jan 10, 2006, 7:48pm   #3
 
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Quote:
Originally Posted by PKFFW
Hi Everyone,

I'm brand new to the FX market. I've been learning as much as I can and demo trading for about a month now. Not alot of success so far but that doesn't worry me as it's early days yet! haha

My problem though, is it seems almost all the information out there deals with day trading on short term charts. I don't have time for that as I live in Australia for starters(so can't catch much of the "heavy" trading periods that day trading seems to work well in) and have a job.

I was wondering if anyone can point me in the right direction for a simple trading strategy that can be worked from a daily chart. I'm not looking for the holy grail or anything, just something to get me started, that is easy to use and understand, gives me a slightly better than 50-50 success rate and can be used for trading positions of 1 day up to about 1 week. Is that asking too much? I really only have time to check things in the evening and make trades based on the daily chart. I can't check charts through out the day at all.

Anyway, any suggestions would be greatly appreciated.

Regards,
PKFFW
try the bunny cross on moneytec.the thread is entitled wma cross
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Old Jan 11, 2006, 12:05am   #4
Joined Jan 2006
PKFFW started this thread Thanks guys, I'll check out both of your suggestions.

Much appreciated,
PKFFW
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