This is the holy grail!!!

[craig66]

Originally Posted by LogicRules

Take no more than 3 trades in indicated direction

Why the rule about no more than 3 trades in a single direction? is this in a trend, or just in general?

[Chris Grace]

Originally Posted by azukar

Hi Chris,

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

[/quote]

Jordan Lindsey of JCL's Forex Trading Group is the best by far, http://www.jcls-forex.com

[NOMATRADER]

>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]

[gridtrader]

gridgbpjpy.docDid you say grid...or grail?

[forex-101]

My holy grail is news trading For news trading I apply Breakout Trading Strategy - works like clockwork on major releases such as CPI and Non-farm payroll. Works good for other news, however you have to take your profits and exit quickly (having a fast finger), so that your profits don't get eaten up on reversal as traders take their profits.


Happy Trading,
Steven


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Forex 101 - FX Resources and Trading Strategies

[rudytrader]

Two great quotes for consideration on "the holy grail" by authors other than Dan Brown:

". . . The Holy Grail . . want what the market wants"
- Bill Williams

" . . . The Holy Grail . . . a good decision making process " -Clay Marafiote

Psychological in nature for sure but something to chew on regardless.

Rudy at afxedge

[Forex6]

I trade just six-nine times a year following a pattern which is close to infallible. I end up with a nice five to six figure profit per annum without agonizing. I do use indicators and charts but the system is based on a mathematical formula with terrific success.

[RebateFX]

Originally Posted by Forex6

I trade just six-nine times a year following a pattern which is close to infallible. I end up with a nice five to six figure profit per annum without agonizing. I do use indicators and charts but the system is based on a mathematical formula with terrific success.

Care to elaborate my friend?