Within the next 24 hours I will be posting the link to what I believe is the "Holy Grail" of trading.
It is nothing that I have created, but discovered in SHORT term trading.
I always trade in LONG term trading and mostly the SP-500.
This new methodology of short term trading has been so precise and accurate. It has gone beyond my wildest expectations and I have no recourse but to except and rave about it.
I will post it no later than Saturday.
WM
So where is the link to this holy grail your boasting about?
ReplyDeleteI was wondering if anybody was actually reading this blog.
DeleteThe link of course is Keith's site.
The only TRUE short term trading tool that I have found since I have been trading.
WM
How does keith strategy works ? I dont even understand all that stuff..i cant even see the price with all those indicators. Seem like you figured it out. You mind explaining when to buy and sell..
ReplyDeleteSure. First of all, do you have all the indicators and the 10 minute pullback audio alerts installed on your MT4 platform and set your charts to M5?
ReplyDeleteYup..I got all of them..
DeleteWhen your audio alert goes off for a 10 minute pullback, bring up that chart, make sure the chart is set to 5 minutes. Confirm that there are at least 13 ichi arrows pointing in the direction of the trade you are going to place. Now take a look at the CHT value chart. You have to wait for the alert to go off, either overbought or oversold. Look at the past candlesticks and count how many candles it usually moves in the opposing direction of the trend. Sometimes it is low as one but I find it is normally just 2 candles. When the alert goes off, place the trade. A 5 minute trade. Get ready to place another 5 minute trade in case the market continues against you.
DeleteNormally, the first trade wins 75% of the time. The second trade takes the odds to 90% and IF you have to go in the third time, it's better than 99% successful.
Last week was the first time I actually had to go in a 4th time to save the trade.
Practice it on paper first. Follow your indicators and the chart running on your brokers site. Your platform will run a second or 2 behind the broker so you have to be quick.
Always wait for the overbought, oversold indicator to go off.
Hope this helps,
WM
Thank you..What about the other indicators do they play a row in your decision making..like the ichimoku grid,demark trendline and zigzag..
DeleteThey have a small influence on my decision making. I basically focus on the past candles to confirm the trend in the past 2 hours and wait for overbought, oversold alert. Always remembering to keep an eye on the news.
DeleteHad 4 winners and no losers thus far today.
Ok. i see.. Thank you very much.. Enjoy the rest of the day. Happy trading and Happy New Year.. and thanks again.
Delete