Thanks buddy....Will really look into what your doing sounds very interesting.I hope people can see some of the humor I present
So I decided today im going to give it a try,will go live in about 8 weeks.
I have to take shortcuts with achieving the goals I want.
Thinking of putting 30000 in that concept software and let that ride for a year,looks good.
Looking to follow something along these lines.The forex is very appealing,it has perfect obedience to trendlines, support/resistance, patterns etc. and going down to even the 15-min timeframe -- anywhere else -- be it stocks, commodities or any other market, including Bonds. Forex is a technician's paradise and if one can harness the power of leverage as a mature, responsible adult, one can really pour on the hot coal.
Try and draw out my trend lines, sit back and watch as the market follows almost perfectly with them. You can make consistent gains because of that,simple moving averages do really well To further the synergy:
Then add this further exotic simplicity, but awesome in power, to your toolkit:
#1: On any timeframe, as the trend progresses, draw additional trendlines to follow the increased slope of Price -- quite often there will be 3 or 4, or more of these lines for steep sub-trends. Try this out for a few weeks and revel in the magic.
#2: Eur/Usd (or any other pair) ..... get a chart with data back to 1980 or thereabouts. Pick out the congestions and try to gauge the "center of gravity" aka the axis of these beasts -- eyeballing them is adequate; keep it simple -- no fancy calculations required. Mark these lines prominently on your weekly/monthly and daily charts.
The next time the market arrives in the vicinity, watch for the elasticity to "fire" -- you will know it when you see it; it is unmistakeable; it is much akin to a woman giving you that "look" -- you know she's going to "fire"
Dexterity with just these two basic, sublime skills will bring you a hefty return monthly.
Make it your business to master them to the extent of your skill becoming ART.
These are a few ideas been pondering with,human beings have an inalienable right to invent themselves.......
goose4,
You can trade US stocks intra-day direct access with $25k (about £15k).
1. Read the thread under my signature thoroughly and carefully.
2. Test it for yourself paper trading only for two months.
3. See what your results are. If you are profitable paper trading then PROVIDED YOU CAN OVERCOME the psychological factors eg over anxiety, over trading etc., start trading for real with very small size for two months.
4. If you are profitable then gradually scale up size.
5. I would consider placing £16k (about US$26.5k) in a direct access account and seeing what your return is before scaling up further.
6. If you cannot succeed because of psychological reasons - and you must be honest with yourself - stop BEFORE you get down to £15k.
Result:
If you succeed you will have found a great way of making much money than you expected or need.
If you fail you will have gained huge experience and still be left with £79k out of your £80k.
I gave up my full time dental practice in 1999 to trade like this. Ten years on it still works
Richard
