Quote:
Originally posted by nzbryant
Locomack - how do you do so well?
I've been doing this every morning and night for a year and read about 50 books and every website, but you seem to have the magic touch.
Three questions: How many hours do you watch the screens for each day?
How much is the spread with your broker?
Whats your favorite time frame?
Thanks in advance if you would be so kind.
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I do so well because i've worked hard to develop a strategy that reads and beats the markets.
Yes i did alot of reading too,and after countless frustrating days,i finally got it right.
I don't do much trading these days due to me leasing my system to large corporations for large sums of money.As you can see from the statements,i didnt trade as much as i could have.I can adjust the threshold(not timeframe) of my system to suit my trading needs.I can scalp,I can daytrade,swingtrade,whatever i feel like.I can also set it so that i dont have to sit and watch the screen,i can come every few hours and check whats happening.If i do that i just set a stop just in case something weird happens while im away from the computer.
Spread is as follows:
eurusd 3 pips
usdjpy 4 pips
gbpusd 4 pips
usdchf 4 pips
gbpjpy 10 pips
eurjpy 8 pips
Also,my system is unique,it is not really based on time,but based on price threshold.One bar can close in 3 minutes,while the next bar after it can close in 27 minutes.