new member

Hi everyone
I have been trading now for about a year and if I go on like I have been I will soon be bankrupt.
I have joined your group as a last hope of turning it around.
Hope you can assist me.
I have a good trading strategy but do not seen to be able to get any winning
trades to use it on.
I am looking for a good entry signal system
Does anyone have one I could try
My email is
braderek@bigpond.net.au

When a new trader examines the trading problem, his first reaction is that in order to be successful, he must learn to predict the markets.

If our new trader examines market price history, he finds what appear to be repetitive patterns. Over the long term, the markets move up and down in broad cyclic waves. If he looks carefully, he can find certain short-term chart patterns that occur over and over. Once he discovers the world of mathematical indicators, he finds that certain configurations of the indicators and price patterns repeat themselves--often at major tops and bottoms.

It should not be surprising that our eager beginner concludes that the markets are entities that keep repeating themselves over and over in various ways. If he or she can learn the patterns and cycles, large profits should be easy. Maybe the markets are so organized that they repeat themselves perfectly over and over in a highly disguised way. If our trader can crack this secret code, not only will huge profits be possible, he or she can eliminate almost all losses.

Our trader pursues these goals using the available literature. Profits are usually elusive. In spite of the abundance of such prediction methods in books, systems and software, during any given year about 75 percent of traders lose money. In the long run, probably 95 percent of traders lose. Nevertheless, almost no traders question the proposition that exploitable, repetitive price patterns exist.

People are naturally succeptible to wishful thinking. They believe what they want to believe in spite of obvious evidence to the contrary. Short-term luck causes many such faithful traders to reinforce their invalid beliefs.

Chaos analysis tells us that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame. Short-term patterns and repetitive short-term cycles with predictive value do not exist. The patterns of prices and indicators traders use to predict occur as readily in random data. Thus, you have about as much chance to predict short-term market prices using technical analysis as you do to predict future numbers on a roulette wheel.

Traders can exploit the longer-term trend component of the market price action to obtain a statistical edge. This is precisely what trend-following systems do. It explains why good trend-following systems traded in diversified market portfolios tend to make money year after year while day-traders invariably lose in the long term.

To be a successful speculator, you must put yourself in the same position as the house in casino gambling. On every bet the house has a statistical edge. While the house may lose in the short term, the more gamblers bet, the more the house will eventually win. If you trade with an approach that has a statistical edge and if you follow your approach rigorously (a big if), like the casino, you cannot lose in the long term.

My calculation of the trading success quotient is that one-third depends on the system, one-third on the portfolio of markets traded and one-third on the trader's discipline to follow the system precisely.

You can read about a tried and profitable trend following system here.

__________________
Best Wishes!

Traderji

www.Traderji.com

Thanks for the infor on GMMA.
It comes at just the right time as I have been trying to find a good way to determine the trend.
I have it in a seperate window as I find it easier to see this way.
I look forward to learning more from you.
Thanks again

Attached Files

GMMA.zip (29.2 KB, 8 views)

thanks