QUOTE(myvi5949 @ Jan 3 2011, 01:29 PM)
Gone through this phase.. i found out that its best to just choose one method and stick to it. practice it day in day out.. and sticking to the trading plan. stay away from forexfactory and useless articles and news..too much noise.. for chatting its ok, but id go far away from it when there is a trade running. This guy say this, that guy say that..this method is better than that method etc etc. all of it is just noise. You need to filter your head from bad information.. Only get information and trade ideas from experienced traders and good website.. Thats what i think anyways..
yea of course, i prefer simplicity, humans think that by using more and more they can defeat the market dynamics (compilation of so many types of traders and big players especially)
but i notice something is that no matter what kind of trader you are, once the price break a significant trendline, everybody sees the same thing, it's not like you're the sohai that sees it only and go against the tsunami.
of all the most reliable or accurate methods, i've tried to come out with a method to be in profit everday (intraday trader), but it seemed that it is impossible to filter whether to take the trade or not according to your system, it's really super hard because the market is always in a dynamic condition, sometimes trending, sometimes sideway, range bound
the market condition is constantly changing, thats why we see certain system or EA die after the conditions change. but no matter what conditions, price behave always behave nicely to trendline, especially higher TF (like H1 and H4)
and even better is that i found the method to lower the SL down to about 20pips, with R:R always bigger than 1