View Poll Results: What kind of system are you using?

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  • Custom created system

    26 56.52%
  • Basic indicators system (fibo, bollinger, etc.)

    20 43.48%
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  1. #1
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    What kind of system are you using?

    I've talked to some traders that work for few years now (successfully) about their trading systems.
    All of them said me the same thing.... First, you try to find best custom system
    and at the end you get back to basic indicators. I've also returned to that as they said.
    My opinion is that you can't become successful trader over night by just
    finding great custom system, for that you need at least a year working with the same system.
    Custom systems work one time and other time they just don't.

    This is my conclusion:
    "Large" traders use basic indicators (especially Fibonacci) and they move the market.
    You just need to see market trough their eyes (use same trading analysis) and play by the rules.

  2. #2
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    Re: What kind of system are you using?

    i don't use any indicators, i'm watching the market and try (successfully) to get the feeling how the markets goes....

    sorry for my bad english...

  3. #3
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    Re: What kind of system are you using?

    Quote Originally Posted by latsoc
    i don't use any indicators, i'm watching the market and try (successfully) to get the feeling how the markets goes....

    sorry for my bad english...

    You trade only on feeling or is there a little more?
    Your English is good Latsoc

    Barbara

  4. #4
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    Re: What kind of system are you using?

    I either use EAs and trade manually. I usually try to find promising EAs in forums and tweaking them to fit my style and expectation. As for manual systems, I design and develop systems to my need, they are usually systems for short time frames...

  5. #5
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    Re: What kind of system are you using?

    thank you indo-investasi... now i become a better trader...
    Last edited by dr0o69; 08-07-2010 at 01:02 AM.

  6. #6
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    Re: What kind of system are you using?

    After my 6 months at this forum i also found out that basic indicators really are the best.
    It's not like we're smarter that traders which work 5+ years. They all use simple indicators as
    pivot lines, fibo, trend lines, bollinger etc.
    If you're still trying out more custom indicators, then you aren't even on
    1/4 of the way to become long term successful.
    Custom systems work depending on market conditions.
    Basic systems work in any market condition but they need a lot of practice.
    I consider custom systems "shortcuts" which lead nowhere at the end.

  7. #7
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    Re: What kind of system are you using?

    your right, it is all about the individual trader.................. It's price action for me

  8. #8
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    Re: What kind of system are you using?

    my preference is for trading system that favor Price action analysis and/or trading. To my Knowledge wolfewaves focuses primarily on Price action analysis and trading.

    Are there any other trading systems that focus primarily on Price Action analysis and trading ?

  9. #9
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    Re: What kind of system are you using?

    I only use EAs as I do not have the time to trade manually. I am still looking for one that will make money constantly.

  10. #10
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    Re: What kind of system are you using?

    Back to the basic for me

    I use EMA, Stochastic and heiken ashi, plus pivot and fibonacci.

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