new old kid wants to play

[choosy]

i am an ex auditor and always liked numbers so i am going to try forex.
i have read a few books and have been silently watching the charts waiting to demo.
my gut reaction is that i am a day trader because i hate waiting but my opening shot is this:
what is the general consensus on the no. of indicators and trends to compare before placing an entry and exit stop and stop loss? does one think of too many cooks or the more the merrier or?

 

[hornblower]

I just trade price

edit search for 3 ducks system on this site

 

[shadowninja]

Too many cooks.

 

[RedGreenBen]

i am an ex auditor and always liked numbers so i am going to try forex.
i have read a few books and have been silently watching the charts waiting to demo.
my gut reaction is that i am a day trader because i hate waiting but my opening shot is this:
what is the general consensus on the no. of indicators and trends to compare before placing an entry and exit stop and stop loss? does one think of too many cooks or the more the merrier or?

I think you should have to investigate 17 different indicators, using at least 5 at any one time, and waste a year of your life doing this before realising that price is all that matters.

I had to, so why shouldn't you?

Ben

 

[choosy]

price is all that matters!

I think you should have to investigate 17 different indicators, using at least 5 at any one time, and waste a year of your life doing this before realising that price is all that matters.

I had to, so why shouldn't you?

Ben

thanks,ben. but remember ,i'm new and old and slow,with my little grey cells....tho' i do like the 'why shouldn't you?'
but, perhaps you or a friend could clarify...
why 17?
which 17?
why 5 not 4 not 3 not 6 to use from the 17 indicators
explain price all that matters,please.

 

[TomTom]

If you are going to do this, get some training as the market will eat you up.
Many good and highly skilled traders mess up at some stage, so newbies are like ducks in a crocadile swamp.

 

[KillPhil08]

thanks,ben. but remember ,i'm new and old and slow,with my little grey cells....tho' i do like the 'why shouldn't you?'
but, perhaps you or a friend could clarify...
why 17?
which 17?
why 5 not 4 not 3 not 6 to use from the 17 indicators
explain price all that matters,please.

Not sure if you understood it, but he's taking the ****.

Here's some help to get you started. I'd recommend ignoring the indicators to start off with. Or use a 100ema to see the general direction, and stick to solid trend lines + channels.

http://www.trade2win.com/boards/first-steps/38100-i-want-learn.html

 

[KillPhil08]

Not sure if you understood it, but he's taking the ****.

Here's some help to get you started. I'd recommend ignoring the indicators to start off with. Or use a 100ema to see the general direction, and stick to solid trend lines + channels.

http://www.trade2win.com/boards/first-steps/38100-i-want-learn.html

Oh yes, and you will eventually learn you style. Whether you like the slower trades which may or may not contain more pips or taking a few at a time quickly.

Just noticed you like forex. read danarms thread "it's all about the pips". He's quite good at determining the strength of fx pairs.