kuokam

What? I read "RB is a scammer" no where. How can you agree?

If I teach you to buy when MA20 crosses above MA50, it might work in trending markets and make you lose in sideways markets. Am I a scammer, then?

Thank you so much for stating it so perfectly , Josh. I have attended one this guy's seminar and read some of his writings. All for free. Definitely not a scammer. And Mystic said greatly benefited from his mentoring. Why not believe him? I do.

Nice rally in G/J recently. Did you trade it?

Gold falling and aud correlated to gold, aud should be falling as well.

This is a chart to illustrate the trade I just took selling Gold, using ADX / DMI . Only problem is the MA200 that might prove a strong support. Let's see what happens. Edit: just set stop at BE , 1665. No TP for now.

In London 2 years ago i actually met one of his students who seemed satisfied.

Too vague at this level for me to have an opinion: What is the cost of the course? What amount of capital will you be allowed to trade with? Under which conditions: broker, instruments, trading plan, draw down etc. ?

Talking of higher time frames, on my daily charts, ADX is under 30 mark since end january, and most of the time price was above mm20. Which time frames did you use? ADX going under a treshold might indicate a mere consolidation zone and not the end of the trend, imho.

At times it seems difficult to have adx above 30 on Fx pairs. So I think you can lower that number to 25 . What consideration do give DMI's in your system? Don't you consider them when entering the trade? ADX just tells you the strength of the trend, but it is the DMI that tell you in which direction to trade, I believe.

I see gold and aussie behaving alike lately

Great indi, but lags a lot. How do you do you against it?

Shall I understand that it might shoot for 2500 as well as for 1500?

I thought it was the other way around, using the index as an indi for the direction of a stock? I also think the TRIN/TICK give the kind of info you are looking for. Some systems use the other major indices to guide trade one. Why not just stick with ADX/DMI and customize it further, if it did not give you good results? I believe waiting for adx to reach 40 might be a bit late. An adx above 25 and rising is strong enough for trend following strategy. Some people even go as low as 20, but it may depend on the slope of the adx.

Will buy above 10390

I thought everybody is trading price action ?

Your ADX has longer periods than DMI. I thought it should be the other way around, since ADX lags more than DMI? Exemple DMI=14 and ADX=9.

Thank you Thales, I didn't know at all. I just discovered the couple a few weeks ago thru Investopedia and loved the way they present things. I attended the webinar of Dr Schaap last wednesday, but was not aware the lady is no longer here. Very sad. Do you still follow their methods ? Happy new year Kuokam

Happy 2012 all! Let me first revue last year's resolution. I was to follow a trading system, trading with the news. I did it (must of the year) and found it a valuable way of trading, but a bit too frequent and stressful. For this year, all I need is PATIENCE. I have come to the conclusion that at this moment of my learning curve, all I need is being patient enough to: - wait for my signals to confirm price action before entering a trade. That would keep me out of some bad trades, - wait for my winners to grow at their pace. The other commitment from many years now concerns logging ALL trades and revue them on a regular basis. All yours tips welcome!

Hi Ingot, I don't quite understand how a capital can survive if there is no income. Further, capital is just accumulated parts of previous incomes. No income, no capital or preservation thereof, IMHO. Best 2012

Well, some "say imitation is better than jalousy", don't you think?

Can' t see its direction either. Challenging times for FX traders! Hope things clear up by January

I like the way you do it. But don't you think that trailing the initial stop to BE too soon can take you out too early ? I often get in that situation . .Get my stop to break even as soon as possible so I get a free look at it .

What an arrogant sentence! It is you who should stop posting immediately.

I see almost all main indicators present here. How do you cope with all when trading, Sir ?