.... i only look at the daily trends, and never try to predict when trend changes - i just follow the movements. if the lines going up, i buy. if the lines going down i sell. if it looks somewhat inbetween, i go off the last major movement.What i am calling a "movement" perhaps requires a little explanation. I got my way of thinking about trading from old Copernicus writing.... he was talking about lifespan & he says for any observed system, the longer its life is observed to be, the less likely it is to die soon. also, the point of time you observe is most likely to be near the middle of its life cycle. so the moment of observation is unlikely to be a special moment. this law applies to
business, and currency trends too i think. so the more persistent a trend is, the more likely i believe it is too continue. a short-lived trend is probably not really a "trend" and is going to die out soon. does that make sense?
the one indicator i use is bollinger bar, but i barely even refer to it. my order size is very small, just 1000 euros worth (1/20 leverage), stop loss 20 euro, take profit 10 euro, bounds are tight (0.15 euro).
so yeh 5% a day.... wow! seems kind of unreal that i play around with forex only short time, i know almost nothing about it & i am making this much now, so i feel a little scared i must be doing something wrong.
if this keeps up my lifestyle will change dramatically over the next couple years. but if something seems to good to be true, it probably is.....right?
to the experienced traders: does anything here seem wrong? please point out if you see a flaw where this method could cause me trouble in future.
