Time for the next tip for the trader

Admin

Time for the next tip for the trader.  

The second major thing that influenced my own trading success greatly is the ability to think outside the box.  These days there are well established trading methods one can use.  They are well documented and researched, but I wanted to do my own research.  So I picked a pair nobody wanted.  GBP/JPY is a pair that's an odd-ball among the rest of the pairs...which do follow some semblance of order.  GJ, as I like to call her, doesn't follow such nice neat order as do some of the major pairs.  Sometimes she seems to follow one thing... sometimes another...   She respects some of the normal fibo lines, while totally disregards others... same with pivots... she will stop  at some places but totally blow by others.  I started scratching my head for a bit...to find a symmetry to this unruly pair... something definite that I can trade off of successfully, would not be very easy, and it was not.

So my research started first with what is commonly available in indicators and tools.  I found some fibonacci levels worked and GJ would reverse right on target...and then for some reason or other, some did not... I then added pivot points...and, to my surprise there, again, some worked... at some of the R and S levels...GJ reversed promptly whereas at other she would just disregard them as if they were not there.  Next I tried indicators... a whole lot of them, beginning with MACD; BB (Bollinger Bands); various MA, EMA and WMA settings... Stochastics... Momentum...etc.. but they were too confusing.  I needed a simple solution... one that I can count on ALL the time... not just some of the time.

So after a year and a half of frustration (not to mention trashed accounts, both demo and live $$)... a friend of mine gave me the Steve Nison book.  THIS was part one.  As soon as I started seeing the candles I started seeing some of the patterns I was missing.  So I dedicated some months learning candle configurations and what they meant in trading.  I enjoyed some success here... BUT my problem remained triggering... what could I use that would be constant?  

This patient friend of mine told me of harmonic trading then... so I went and found every site I could about price patterns an harmonics in trading... these were getting close to what I wanted...but I ran into the trouble of what to do when we change from one pattern to the next... or when we are in transition and there isn't an apparent pattern.

Then this same friend told me about trendlines... my first question to him was "what the heck are trendlines?"  ;)  Well I have learned MUCH about trendlines since that time and I found, finally something that is constant for my triggers.

转自：http://www.efxforum.com/thread-1593-2-1.html

k2low

不错哦， firestar99 也是玩gj的 。 tuzki60

Admin

呵呵，这个是我另一个英文论坛上的版主，开始时想专门搞个外汇论坛来着，不过也没弄起来，找了几个老外过去，就这一个最近开始在那发帖了，呵呵