DailyFX Forum - Real Trading Methods that work

Trading Method

Posted 04-24-2009 at 08:02 AM by djindyfx (Real Trading Methods that work)

So what is it to a trading method anyway.. You need to test it with real money in a real market environmnet. Don't just take someone elses word that it works. Test it for yourself and be realistic about it.

http://www.tradingeducators.com/news...ol_255/#tidbit

djindyfx

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Wait for "Your" trade

Posted 02-06-2009 at 07:21 PM by djindyfx (Real Trading Methods that work)
Updated 02-08-2009 at 10:17 AM by djindyfx

Here is yet another good written article by Joe Ross. I wish this article came out last week. I probably would have thought twice about some of the trades that I took this week. Well, maybe not. I seem to learn the hard way. Loses are how the market wakes us up and makes us stop and think. Pay attention to them. Study why the loss happened. Were you trading against the trend? Were you not trading “Your” setups? Was price action just unexpected? Don’t let it be a shoulda, woulda, coulda experience for you. Review your trades. Review what you were thinking at the time. Were you trying to force something that was not there? Please read the article

Joe Ross' Chart Scan Newsletter

DJ

djindyfx

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Posted in Joe Ross Material and Trading Method

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Human Emotion and Sticking to your trading plan

Posted 02-01-2009 at 01:07 PM by djindyfx (Real Trading Methods that work)

All markets are about Human emotion; Fear, Greed, and indecision. It doesn’t matter what instrument you are trading. People are still trading them (these days computers are too but, people still programmed the computer). Have a read of this latest post by Joe Ross, “Staying with your Plan”. I really don’t think a Better explanation of “how human emotion and a trading plan” could be written.

http://tradingeducators.com/newsletters/chartscan/vol_243/index.htm#tidbit

DJ

djindyfx

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Posted in Joe Ross Material and Trading Method

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Donchian (Turtle) Price Channels

Posted 02-01-2009 at 11:07 AM by djindyfx (Real Trading Methods that work)
Updated 02-01-2009 at 04:56 PM by djindyfx

This is just a little excerpt on Donchian Channels.

According to investopedia (http://www.investopedia.com/terms/d/donchianchannels.asp), this indicator was developed by Richard Donchian (http://www.turtletrader.com/trader-donchian.html). The Donchian channel is an indicator used in market trading. It is formed by taking the highest high of the daily maxima and the lowest low of the daily minima of the last n days, then marking the area between those values on a chart (http://en.wikipedia.org/wiki/Donchian). This simple indicator of following the highs and lows of x number of bars back has simple Entry rules. Go long if a bar closes above the high or go short if the bar closes below the low. Donchian’s 20 simple trading guides...

Attached Images

Attached Files

	Donchain Indicators.zip (3.3 KB, 280 views)
	donchian-commodities.pdf (285.3 KB, 571 views)
	Wall-Street-Journal-Turtle-Trading-Review.pdf (273.3 KB, 318 views)

djindyfx

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Posted in MT4 Code

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I am a single individual that trades my own account. I have no professional training in any way. I read books, surf the web for free material, and want to help support the new person advance as I have advanced. It is only in helping others that you truly end up helping yourself.

Beliefs: A chart is a chart is a chart. Trade what you see and not what you think. You can never tell the future of where the market is going but, I can probably tell you where the next couple of bars are going.

Master a method and it will make you all the money you need.

Sincerely;
DJindyfx
djindyfx@sbcglobal.net

Disclaimer: Trade at your own risk. Period! I am not providing trading signals. I will show you methods of others that I have traded and am trading now.