Forex trading strategy from a real full time trader www.andreitaga.com Start Price USD 499.00 Current Price USD 499.00 Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Monday, November 17, 2008 End Time Saturday, December 06, 2008 Location Bucharest, Bucharest See more about 'Forex trading strategy from a real full time trader' Description First of all let me make this clear: there's no such thing as automated systems. Whoever tells you he's gonna sell an automated system it means he never won money in the markets his whole life. You may want to check out who I am and some stuff about myself: www.andreitaga.com What I'm selling here is my first winning setup, developed 3 years ago based on considerations from Dr. Alexander Elder's book - Trading for a living. Don't worry, the charts don't look like the picture I placed in this description; the charts look much more simple but the idea and fine tuning of the setup will be a lot more complicated than "go long when RSI drops below 20" or something. So you don't get a holy grail or anything alike, instead you get a way of thinking and with this setup you get to interpret the market and follow what the market says instead of expecting the market to follow what you want. Technically, in this setup we will be concentrating on a change of trend - better said on a reinstatement of former trend after correction - and we will use market momentum to pick high quality entry levels with little chances of movement against our position. Also, this setup is characterized by the facts that (1) it's always adapted to market reality at any point in time, I'll teach you how to understand when the market itself tells you to trade or not to trade and (2) it always puts us in the best possible position that the market can present us at a certain point and we are going for the easiest pips that can be caught from a directional move (yes, there are easy pips and hard pips, all of them depending on the chance that they present for a reversal) thus taking the possibility of a reversal against our position at minimum. Whenever I get the chance I keep saying that trading is a function of space + time. Maybe 99.5% of the strategies that I saw out there or heard about only follow the space aspect of trading (pips). Actually with this setup our most important filter is TIME. We will be using time in our analysis and the most important decisions that we take will be related to time instead of pips. I never kept course of all trades that I placed using this setup; sometimes - if I happen to watch the charts when it appears - I trade it nowadays too although right now I prefer other setups that are more adapted to my risk profile and less time consuming. But from my experience, if you follow the rules and you don't get carried away you can get a 7-1 or 8-1 winning trades percentage. Actually this is what the markets are about: we fight our own greed and fear, it's not easy to read some rules and follow them to the word even if we know this is the way to winning. So unless you're some yoga practician that can levitate or some priest from Nepal that can stop his heart and start it back again it will be very hard to achieve the 7-1 or 8-1 percentage out of every 8-9 trades. But a more "human" 5-3 or even a 4-4 will be more than enough to make you money. In the end I want to tell you that I won't leave you alone out there with your .pdf document and 500$ less. I want you to take pictures of your first tries (a month or two or how much you need to understand the idea of the setup) and e-mail them to me together with your comments. I'm sure there's a lot of market experience that remained untold maybe because it's so obvious to me that I consider it to be obvious to everyone or maybe because it's just about feelings and it can't be translated to words but it can be demonstrated or induced. Also any questions that you might have (and I'm sure you will have) - I'll be glad to answer. Read the information, understand the pictures, try it yourself on a practice account and e-mail me with your tries so I can help you and correct any errors. All sales are final, no returns are accepted. Update 1: as of today I'm starting to count in results for all trades placed by using this strategy. Results can be found on my blog - http://andreitaga.wordpress.com - "Results of momentum setup" category or simply by following this link http://andreitaga.wordpress.com/category/results-of-momentum-setup/ Place a Bid!