I have not been around for a while, and some people requested me how I

trade nowadays, so I thought to present you with my present trading

method.
BTW: this so called trading method is nothing original, I
invented nothing new here !!!
After the successful trading of MT !A "see my Invictus thread#
http$%%www.fore&factory.com%showthread.php't()*+,-.. I moved on to
/0 trading "no need to find out what it means#, then traded median ren1o
charts very successful, but I had to stop trading due to eye problems.
2hen my eyes improved "not perfect yet#, wanted to get bac1 into
trading, but I needed to simplify my trading, use the minimum of
charttime and stop using lagging indicators, to prevent any strain to my
eyes....
I had to ma1e a trading method according to 3insteins4 rule$
5o I had to come up with something simple, which had to comply with
some rules$
A. not to spend all day in front of the 67 to reach my daily target
8. not smaller than -+ minute timeframe, otherwise -! timeframe, so
enough time to chec1 for set ups and put in pending orders
7. limit the number of currency pairs to watch. "pairs with the highest
A9:#
9. no lagging indicators
3. ast In ast ;ut, no ris1ing my money to a minimum in the mar1et...
so quic1 pips
I had to wor1 with 6areto$ *,< of the actions count for .,< of the results
"and then focus -,,< on that *,<# ==
5tep -$ starting with the general rule$ Trade with the trend..
My simple definition of trend$
If price is higher than the daily open, the trend is >6, so trade only long
If price is lower than the daily open, the trend is 9;2?, so only trade
short.
My daily open simply starts at the new day of my bro1er..., nothing
special..
5tep *$ to find out the waves within the trend, as the trend never goes in
a straight line up or down...
or that I use the -!our candle... if the -! candle is the same color as the
-9ay candle, its time to surf the wave...
?ow my -! chart loo1ed li1e this.. "not ready yet#. This is the @86%A6B
chart of May *..
5tep )$ find out when to enter a trade...
?ow I 1new when the -! C -9 were going in the same direction, I needed
to find a place to enter, to get me some pips.. Adding a line indicator to
create a grid at the ,, levels.
As my trading day starts from ran1furt % Dondon open, added the mar1et
open information to the chart..
?ow it becomes more clear...
-. price below the daily open line "white line# ( ;?DB 5!;:T T:A9I?@
*. vertical lines show when mar1ets open.
). easy to see when the -! candles cross a yellow dotted line. places
where pips are to be made ==
The idea behind this trading is very simple... let me e&plain..
The mar1ets get active when Dondon, ?ew Bor1 "To1yo# open, as mar1ets
start moving when new money is added to the mar1et. This means that
the first * hours after mar1et open are the best trading hours ==
5ay the A9: "Average 9aily :ange# of a pair for the last *, days is -,,
pips.
Dets use the 9aily open line as the centre... so the daily potential of the
pair is going higher$ daily open E -,, pips and going lower$ daily open F%F
-,, pips, although it almost never goes exactly like this...
If at Dondon open my pair has ?;T moved the A9:, I 1now I can ma1e
money ==
8esides, I dont need many pips, not that hungry "read greedy#G no need
to eat the whole pie, I simply want a small slice of the pie "+ pips%trade#.
2ith my daily target of * < ( -, pips... All I need % day is * trades and I
am done H#
As soon as my account reaches a certain level, I will reduce my leverage
and daily target <, to a level where I can live comfortable and invest in
passive income...
:emember$
-, pips a day is all you need to get rich. "A -I account with - <%day
compounding will grow into - million in ) years#
Dearn to ta1e that -, pip daily 7;?5I5T3?TDB during your trading career
and you enter the !all of ame.
Bou wont be the ne&t 5oros, "who gives a damn...#, but will be an
e&cellent provider to your spouse, children and grandchildren.
Thin1 of this$
J % K % L -,I account M *<%day ( J % K % L *,,%day N+ trading days (
J % K % L -.,,,%wee1
5o there is absolutely no need te become greedy ===
I you use !"# $!atience, "isci%line, #ocus& ' B(( $Belie,
(onsistency, (onidence& you will grow your account ex%onentially
!!
Bou will be so 7;?I93?T, that as soon as you get of bed, you 5IM6DB
I?;2, that you will MAI3 M;?3B T!AT 9AB and 3/3:B 9AB AT3: ==
5ee fore& trading as the beginning, not the end$ as the means to build
your future, not a get rich quic1 scheme, treat it li1e a business, act li1e a
professional and you can become very successful==
8ac1 to our @86A6B -! chart..
?e&t to 1now... has the A9: "Average 9aily :ange# been reached.
In this case added an indicator to show the A9: of May *.th...
I A9: has been reached$ no more trading...
The clear blue line shows me that A9: has almost been reached... for me
a sign ?;T to trade this pair anymore==
Bou have read in my preFset rules I trade the -+M, but you can trade this
Oust as easy off the -! charts ==
!ere the charts of the 3>:A6B and @86A6B -! charts, with my trades in
the opening hours..... My total Pwor1ing timeP to reach my daily target
was ), minutes...
To summariQe..
here a picture of my rules, I have permanently on my tradingscreen.
To be honest I will not be around that much "limited to once a day#
toanswer questions, all that needs to be 5aidGits all in this 2ord
document. 7annot spend too much time in front of the pc, as it stains my
eyes.
"My trades are posted on twitter$ >dinef&#
:ead it a couple of times, set up your charts and watch the -! charts
"easier to see the set ups#, and you will see for yourself ==
irst demo, until you have consistency, then go live, but with a small
account "why ris1 a big amount, when you can grow your account simply
by compounding#.
@et used to the live trading as it is a very mental thing. ?o need to rush
it, the mar1ets will be there ne&t, month, quarter, year as well...
If you want to :ead more on this way of trading chec1 this forum
If I can do it... B;> 7A? 9; IT ;: 5>:3 ===
5tay green.
>dine