Forex Trading System

I think every trader using this trading tools in their trading system. Here I want to discuss about the most basic but the most powerful trading tools that called trend line.

I just want you to know that I have two trading tools. My first trading tools are trend lines, candlestick and chart patterns such as flags, pennants, head and shoulders, double tops, double bottoms, triangles, and others. My secondary trading tools is moving averages, RSI, and MACD.

Trendlines and chart patterns can be made without computer. Just drawing from one point to others and you can make trendlines. Sometimes we draw two trendlines and then make chart pattern. My secondary tools really need computer to make them.

I think although trendline is only straight line but it can be powerful if we can use them. I’ve heard stories about ancient famous traders, what tools do they have? Ok, they drew trendlines to make daily until yearly bar chart and they becomed success traders.

Is there any traders using trendlines? and the answer is, ‘yes.’ At least I am still using that tool. I know trader just use trendlines as his trading system. We called it naked trading. He makes profit and earns money every month.

Trendlines is always be used and can’t be replaced with others. Simplicity is one of reasons why traders love trendlines. I usually use trend line to determine the trend.

The weakness of trendlines is drawing trendlines is subjective. You can draw trendlines wherever you like. Drawing trendlines is more an art than science. Basically, when trend line is touched many times, it can be valid and powerful trend line. When prices break trend line no more than 50% of his body and shadow, I’ll wait for confirmation that trend line is broken out or not. But if prices make big moves more than 50% to break out, I will enter to the market without need confirmation.

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Two years ago, I searched forex trading system that never get lost and has 100% profitable. The system had to be perfect, it could be used at every conditions, sideaways, ranging, retracement. trending, breakout or false-breakout, the system had to handle it. I could enter to the market whenever I wanted and got profit instantly.

I joined forums, discussions, and seminars. I called professional traders around me. I made new trading system everyday. I used one indicator to another indicator. I entered it to my trading system and then thrown away if I get lost. If you asked me about my trading system in the morning and then you’d got different trading system in the evening. After I always changed my trading system, now I have revealed the secret of trading system that should be suitable for every trader in the world.

What’s the secret? The secret is there is no secret.
I am so sorry if I have disappointed you. But that is true. There is no secret for trading system. Professional traders has same system with us. What’s made different between professional and amateur? Professional traders always control their emotion in every conditions. They believe that searching the Holy Grail is all about improved theirself. Rather than modified our system, we should learn about ourself. We can not control the forex market, but we can control ourself. Forex market has no rule. Then we should make the rules, trading rules. Trading is all about discipline and patience. You’ll make a lot of money from market if you can do that.

If you are still thinking there is magical trading system, you should avoid forex market before you waste your time and money. There are many trading systems out there, free or paid system. Both of them should be suitable for your style. Trading style can be revealed as long as you keep learning. I like to trade using daily chart. My friends usually trade with hourly chart. Keep it simple for your trading system. Do not use too many tools and indicators if you don’t to be confused when analyze the market.

Actually we have got good trading system but we usually destroy it because we want it to be perfect. Just follow your system and stick with it.

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