mvtrader2000
I traded penny stocks from around 1975 and I started part time trading forex in early 2000. In 2002 transitioned to full time trading FX. I have studied extensively Bollinger, Nison, Murphey, DeMark and given up much time to many others. Over the years I developed a system which combined price action, supply & demand levels, pivot points and overbought/oversold (imbalance) indications.
I am not a trained programmer (self taught and messy codes), but I have also coded a few MT4 indicators in an attempt to enhance some of the qualities that conventional indicators appeared to offer.
Recently I was working on a new indicator when it suddenly hit me (I must be very slow) that every one of my indicators was simply a mathematical representation of price and worse still .....they were behind the curve.
As a result of this revelation I started to look into neural networking for forward looking indicators (a well trodden path it would appear). During this research, I happened upon the work of a trader who had given up all forms of indicators and was extolling the virtues of naked trading.
I have since gone back to the drawing board and am re-developing the skills that I feel I should have concentrated on from the beginning - Reading Price Action.
Motorcycles
I am not a trained programmer (self taught and messy codes), but I have also coded a few MT4 indicators in an attempt to enhance some of the qualities that conventional indicators appeared to offer.
Recently I was working on a new indicator when it suddenly hit me (I must be very slow) that every one of my indicators was simply a mathematical representation of price and worse still .....they were behind the curve.
As a result of this revelation I started to look into neural networking for forward looking indicators (a well trodden path it would appear). During this research, I happened upon the work of a trader who had given up all forms of indicators and was extolling the virtues of naked trading.
I have since gone back to the drawing board and am re-developing the skills that I feel I should have concentrated on from the beginning - Reading Price Action.
Motorcycles
- Location
- Canary Islands
- countryCode
- ES
- Real Name
- Martin
- Occupation
- Full time retail trader
- Country
- Spain
- Gender
- Male
- Trading Style
- Day
- List of Markets Traded
- FX
- Trading Experience
- More than 5 Years
- Trading Work Status
- Full-Time (Home/Office)
- Preferred Trading Style
- Day Trader
- Swing Trader
- Position Trader
- Preferred Trading Methodology
- Price Action
- Preferred Market Regions
- UK
- Preferred Markets
- Currencies
- Preferred Trading Instruments
- Spot Forex
- Preferred Forex Currencies
- GBP
- EUR
- Preferred Trading Software (A-O)
- MetaTrader
- Favorite Trading Tip
- Don't moan about how much time you need to spend in front of the screen! If you don't love it....Don't do it!
Signature
---------------------------------------------------------------------
That which is simple is often hardest to understand.
That which is simple is often hardest to understand.
Trophies
-
10
First anniversary
You've been registered here for a year, congratulations! -
2
Somebody likes you
Somebody out there liked one of your messages. Keep posting like that for more! -
10
Can't stop!
You've posted 100 messages. I hope this took you more than a day! -
5
Keeps coming back
30 messages posted. You must like it here! -
1
First message
Post a message somewhere on the site to receive this.