Need trading system ideas.....
hi all...
i need your suggestion on trading systems...
currently i m using using 50 days EMA ... buy if close above it n short if close below it...position is never squared off...
please advise me some new ideas n do comment on my current trading stetargy...
regards..
With over 20 years plus experience in the markets, it has been proven to me that the real money is made on established trends. Chasing turns and trying to pick tops or bottoms is extremely dangerous and only a gamble at best. Financial success on the other hand is about repeatedly identifying high probability candidates and taking a chunk out of the proven market momentum.
Their breakout prices are what I was really impressed with. The great thing about The Wizard is that you can quickly scan the entire market for potential breakout candidates, which saved me many hours every day trying to find the trade opportunities.