How many Trading Systems and Indicators YOU need for taking a Trade Decision........

Off beat topic for my blog readers.......

How do you take a Trade Decision....... ?

This is a very important question to be asked to oneself......

Answer will differ from person to person.

It will differ due to various reasons....

1) Trading Systems YOU know

2) Trading Systems YOU use to make a decision....

3) No of Indicators in YOUR Trading System.....

4) Other Factors YOU use to arrive at a decision........

5) Other reasons YOU can come up with......

I will speak for myself........

I use only PRICE as my Trading SYSTEM and no indicators......

Reasons are 

1) We BUY at a predetermined Price......

2) We SELL at a predetermined Price....

3) We have a STOP LOSS at a predetermined Price.....

For me this a Simplest Trading System one can arrive at.....

The more no of FACTORS YOU are having in YOUR Trading System.......

You will face more and more difficulties in YOUR Trading Decisions.....

All Indicators are derived from PRICE....

To me it is a deviation from BASICS..... i.e. the PRICE here.......

If YOU need a reasonable PRICE for a TRADE to HAPPEN.....

Then YOU should LOOK at the PRICE ONLY.......VERY IMPORTANT.......

Follow the KISS (Keep It Simple Silly ) Principle to make YOUR Trades easy.......

Another part important in Trades is TIMING of TRADES.......

For these you need to keep track of TIME factor.......

There are NO of SYSTEMS to follow TIME...... take YOUR TAKE from it.....

I prefer GANN Techniques........ and that is what I TEACH/PROFESS.......

If YOU need to LEARN IT.....

JOIN US......

Go to MY Courses Offered page for details.......

See ...Top Right Corner of this  Blog....


Happy Trading !!!

Note : With usual disclaimers as applicable as per prevailing advisory norms in effect.......