Spbankbook – Harbinger Day Trading System
Spbankbook – Harbinger Day Trading System
Archive : Spbankbook – Harbinger Day Trading System
This day trading system came about as the result of combining trading approaches that in effect had no chance of working effectively. At least that is what I thought when I tried this plan of attack.
Sounds like a crazy way to approach the business of outscoring and out -maneuvering the trading public or the professional traders, but it seems to actually be working favourably after I back-checked the trading rules for the last couple of months.
When you look at a chart you will note that the market moves up and down, almost never in a straight line. These reversal movements can last for short time spans, or for hours on end. The secret is discovering, ahead of time, how long these reversals last and before the next reversal starts.
When you do come to a conclusion of what you consider a sensible length of time between reversible periods, you can employ stops and target exits to take advantage of this knowledge.
I used this as a starting point and eventually developed a specific set of trading rules that produced an amazing profitable set of trade results. I used trading rules that have been proven profitable in other trading systems and compiled them in combination with, I believe, is a completely new trading approach – one that to my knowledge has never been tried before.
I couldn`t believe my eyes when the
results popped up in my computer.
I use a 2 pt stop and 2 and 4 pt target exits. If you don`t run into early losses, you can operate this system with a $10,000 initial equity, a 4% trading risk and a 2 pt stop loss per contract. The system is always in action. When one trade is finished the next one starts immediately after.
I am replacing the Harbinger DTS with this new system. This old warhorse has lasted for years but overall the “profit factor“ did not warrant the time spent trading it.
What is forex trading?
Forex, or foreign exchange, can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is the means by which individuals, companies and central banks convert one currency into another – if you have ever travelled abroad, then it is likely you have made a forex transaction.
While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make price movements of some currencies extremely volatile. It is this volatility that can make forex so attractive to traders: bringing about a greater chance of high profits, while also increasing the risk.
Spbankbook – Harbinger Day Trading System
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