I've been following Forex for the last 3 weeks. So far I haven't made a dime. I've made about 7 live trades and was doing well and got blasted on one very bad trade. Since then, I've been looking for a new system or something more reliable. The bad trade that I made didn't even fit into my system that I had and I have no idea why I made the trade. My old system relied primarily on ADX lines crossing and RSI and I thought I saw the lines about to cross and I imagined them doing this so I got in and then realized about an hour later that I was in deep trouble so I kept moving my stoploss back and back until I lost 30 pips. Bad mistake. My inital stoploss was 10 pips and then I just couldn't say die so kept moving it.
Since then I've looked at every system out there. Right now I'm looking very closely at Asctrend system. I like it. It isn't automated but I don't care if it's automated or not. Anyway, I need some guidance. I'd like to use a combination of some things.
I got most of my systems from other forums. What bugs me is that they seem to mass produce indicators and now I got a computer full of indicators and I feel like I'm drowning.
Since then I've looked at every system out there. Right now I'm looking very closely at Asctrend system. I like it. It isn't automated but I don't care if it's automated or not. Anyway, I need some guidance. I'd like to use a combination of some things.
I got most of my systems from other forums. What bugs me is that they seem to mass produce indicators and now I got a computer full of indicators and I feel like I'm drowning.