Tuesday, October 20, 2009

Its been a long while since I last posted. This blog had been around since the day I started Forex trading. From learning people's trading methodology to creating my own personal forex system. I had came a long way with hardship on discipline and long hours of screen to improve my own trading system. Today I'm happy to say, I'm comfortable to pull my triggers when my system say so. I'll not be posting any system 2 trade as its not really working out for me. This blog will be solely base on my forex system methodology. The way I trade.

FXSilverlining System

Trading system is base on simple support and resistance. Its works very well on GBPJPY. There will not be any sophisticated indicators but 4 main signals line with special setting. Its use for determining the support and resistance of price. Its categorize into 2 main core.

Basic System Core 1
Least screen time needed as its trade off from a 4hr GBPJPY chart. Base on Interbankfx MT4 platform, I just need to be at my trading desk at 00:00, 04:00, 08:00, 12:00, 16:00 and 20:00 to take the signal if there is any.

Advance System Core 2
More screen time for taking missed signals or pull backs on follow through bullish trend. It will be base on 30mins charts.

Stoploss
In general, its the low of the last bar of the trigger candle.

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