Purple讨论

Hi,

Have a look at my system and feel free to suggest me areas where I can improve.

Regards,

Purple.

I just wanted to clarify to everyone about why I have Custom Period in my System.

You would see in my trade history that I initially opened my account with just 250 USD. I took two 'Test Trades' with that amount and managed to lose that 250 in two straight days, thus bringing my DD to 99% level which it states if I don't use Custom Period..

But than I deposited the actual 5000 USD I intended to start this account with and have been effectively trading since than for almost a year now on this account. My DD Level has never reached 99% area. So when it shows my DD at 99% (without the use of Custom Period) for the first two trades with a total loss of just 240 USD its very misleading.

I moved ahead the trade starting date by just 5 days and it has removed that first two experimental trade and shows my true DD level now.

Thanks.

Hi
Scalper, i suppose. I'm a swing trader, but i think the money is scalping. Could you suggest any system, book?
Thanks in advance

Hey Txeba,

Yeah I do scalp 20-30 pips here and there, but mostly I am Swing Trader. I try to usually have one position which is medium term and float it for 2-4 days trying to catch the weekly move and than another one which I take for couple of hours almost on daily basis and exit at 20-50 pips profit each.

I strongly recommend talking a classroom course on Technical Analysis rather than trying to teach it yourself using books or online websites. Just find one in your area and take it, its only a month or so long.

All the best,
Purple.