First trading system

Exhaustion would be a better term for the chart, I just used divergance since it relates it to the indicators. I definitely don't think indicators are useless, as I use paintbars combined with MAs to make trends more visible at a glance. I don't rely on them, but they do make it a little clearer (helpful when not wanting to stare at the monitor).

It's been 3 years and 4 months since i got the trading bug (i went back to my first post here in this thread to work out how long i've been doing this for). Of that it's taken me 3 years to start to show good consistent (still working on the consistent bit) results

I thought about making a thread for the newbies on how i would approach things if i could go back, but after looking back on this thread and laughing at myself, my advice would be to just read Trembling Hands posts in this thread and unlike me, actually follow his advice. It would have saved me a whole lot of wasted time

quote: If you can get your head around price and volume movement/relationship I feel you have made a fundamental step in yr learning.

I'm sure there are a lot of trading systems out there, that work. such as indicators, Patterns, etc. All's good and well if your prepared to waste valuable Time Money and Effort on what could be a very complicated issue.

It kinda obvious to me that you need a system that comes from, and works with the hard a sole of your trade. find your trend and keep the momentum. Working the difference between two MA's can be a very reliable system. Its works with all market conditions and time frames, especially if you know what you are doing. this system is excellent for intraday trading the Forex market for results.