How is everything with you, I picked interest on you after going through your short profile and deemed it necessary to write you immediately. I have something very vital to disclose to you, but I found it difficult to express myself here, since it's a public site.Could you please get back to me on:( email@example.com) ) for the full details.
Thank you for your training on the "Trading the Wizard" broadcast. Both Michael and you have been very helpful. I am very excited to start putting your trading style of 50/22/8 day time lines on the 90 minute chart.
I have made (2) trades using this method, and both have been successful. I have managed to lose $40,000 over the last two years in forex, and was about ready to throw in the towel. Even though in my heart, I know this will work, but it seems that almost everything I do is wrong!
I think I may have a small handle on this style, but any info you could share with me would be greatly appreciated!
Correct me if I am wrong, (which has been the case in forex about 90% of the time).By the way, please don't get the idea that I have a bad self image, I own a small home improvement sales company, and have been fairly successful. I work hard and am very determend and self motivated...I guess that is why I am so upset with myself for not being able to figure out the forex animal.
Anyway, getting back to how I think it works, Using the EUR/USD for example: Iused the same color lines as you did in last weeks broadcast. 50-blue, 22-red & 8-green, So to look for an entry, on the 90 minute chart,you wait until all three timelines have a solid candle going through them. Then you wait for the next time period and if the candle is a different color you do nothing. (Until the same color candle comes up in the next timeline then wait for one more same color candle in the next timeline (2 in a row) then set a buy or sell order 10 pips below or above the close of that 2nd or last candle.
It seems that you can pretty much use that same stradegy to get back in a trade if it goes against you.
You mentioned putting about a 30 pip stop loss in place, but do you put in a limit order to get out or do you just keep moving up your stop when it goes in your favor?
Anyway, I type with one finger, so if I could PLEASE call you or you call me and help me with that would be great!
My email is firstname.lastname@example.org and my home # is 928-252-6642, Cell # 602-377-8197.
Deryk,Thank you so much for your help!