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NOMATRADER · 13-07-2007, 06:47

>only trade one pair?

I trade 15 currencies and 1 commodity (XAU) perpetually + EUR/USD and XAG/USD 3 to 4 times a year.

>use no indicators?

The daily candle stick chart, parallel trendline and fib retracement are my indicators

>use many indicators?

They are cute and look cool on the screen to impress people looking at my screen in the airport waiting room but I do not use them.

>only trade on pure price action?

Weekly price action

>look for chart patterns?

no

>have a favorite time frame?

Daily and weekly

Also, who or what has been your greatest mentor or influence?

Jim Rogers

I have been trading for a couple years now and I desperately want to become profitable I appreciate any feedback!

ok... then I will say... trade like you invest, understand what "patience" means and the art of doing nothing for period of months, look at a daily chart and tell yourself how you should have traded it for maximum profit in a minimum of trades... then try to figure out what it would have required of wise thinking to get a good entry and why the market has turned around... now try to fill the blank and imagine a scenario of what could happen during the year, during next month and during next week.
take a decision and adopt a wise money management.

-thread from FXStreet[/quote]

13-07-2007, 06:47	#35
NOMATRADER level 1 Join Date: Jul 2007 Posts: 2 Downloads: 0 Uploads: 0 Rep Power: 0	Re: This is the holy grail!!! >only trade one pair? I trade 15 currencies and 1 commodity (XAU) perpetually + EUR/USD and XAG/USD 3 to 4 times a year. >use no indicators? The daily candle stick chart, parallel trendline and fib retracement are my indicators >use many indicators? They are cute and look cool on the screen to impress people looking at my screen in the airport waiting room but I do not use them. >only trade on pure price action? Weekly price action >look for chart patterns? no >have a favorite time frame? Daily and weekly Also, who or what has been your greatest mentor or influence? Jim Rogers I have been trading for a couple years now and I desperately want to become profitable I appreciate any feedback! ok... then I will say... trade like you invest, understand what "patience" means and the art of doing nothing for period of months, look at a daily chart and tell yourself how you should have traded it for maximum profit in a minimum of trades... then try to figure out what it would have required of wise thinking to get a good entry and why the market has turned around... now try to fill the blank and imagine a scenario of what could happen during the year, during next month and during next week. take a decision and adopt a wise money management. -thread from FXStreet[/quote]