E Forex Trading

A mechanic has many tools. Each tools with its own usage and purpose. It is only down to intelligence and creativity that separates a good mechanic and a bad one.

Like a mechanic, a trader has many tools as well. Each indicator is a tool for the trader and a combination set of tools with rules is a trading system. A good trader has not 1 but many system. Each system has different purpose. It is down to knowledge and creativity that separates a good trader and a bad one apart from portfolio.

The best time frame to trade is the lower time frame but due to noise and spikes it is difficult to trade using lower timeframe. It is the reason why most trades fail in short time frame.

EurUsd has been ranging for the past few days and due to it, has hit my stop loss twice. Being a trend trader myself, I just cannot trade during these ranging period. So I stopped trading and try to make a new trading system using lower time frame to catch these ranging market.

It seems with a new set of tools (not new actually, had not used them for a while), I have manage to create an almost perfect trading system for all time frame but with the target of 15m chart. The only thing that this new system doesnt show is when not to trade which i made up with a new set of rules.

If any of you would like to try the new trading system please leave your email. I will try to get back to you ASAP.

When you say trading, people will say trading is an art. Look at all the books that has been published on the subject. They will say the art of trading forex.



In that sense, we must take forex as an art and not a science. I know, some people may not agree with me and all the post that is in this blog. I don't blame them coz I was actually in the same place as they were when I started trading. Trying to find the answer to forex using every logical explanation.



This is the answer that you have been looking for. I am going to give it to you straight away. Let see if your mind can accept it.



Forex is not a science. There is not a single mathematical equation that can explain it. Do not forecast, do not predict, do not anticipate. All you need to do to make profit is to follow the market. If the price is going up, you buy. If the price is going down, u sell. You may not win all the time but if you follow the market, in the end you will be in profit. Make profit and build up your capital up to a point where a few winning trades per month will bring huge profit.



Can you accept it? Can you mind admit it? Is your logical mind challenged? Do you feel helpless? Welcome to the real world :)

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By Kate Gibson

As U.S. stocks tried and failed Tuesday to bounce back from the prior session's stumble to 12-year lows, analysts, technicians and would-be historians debated the significance of the declines, which may or may not signal an important market milestone.

On Tuesday, utility shares led losses, as the S&P 500 Index slid to its first close under 700 since Oct. 28, 1996, with a passel of testimony from federal officials doing nothing to calm jitters about the recession and the ailing financial system.

"Certainly when that November low of 750 was breached, getting to 700 happened relatively quickly. It's the economy and the extent [to which] corporate earnings have deteriorated," said Dean Curnutt, president of Macro Risk Advisors. "Folks are walking down the street and seeing a lot of empty storefronts."

After trading in a 150-point range on either side of zero during the day, the Dow Jones Industrial Average fell 37.27 points, or 0.6%, to 6,726.02. The S&P 500 declined 4.49 points, or 0.6%, to 696.33, and the Nasdaq Composite (RIXF) declined 1.84 points, or 0.1%, to 1,321.01.

On Monday, the Dow had closed at 6,763, a level not seen since 1997. If nothing else, the breach of 12-year lows is unusual. Other than Monday's retesting of 1997 lows, such a crossing has occurred only twice before, on Dec. 6, 1974, and April 8, 1932.

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