MRQ - chart thread !, page-1231

Hi mate

That chart was just a very simple example of what I do, it was a weekly chart just to highlight clarity for the uninitiated.

In its simplistic form, all you really need to know is an understanding of candle sticks ( signals for getting in and out ), knowledge of support & resistance and know where to put your stop loss relative to a buffer zone.

Now I have tweaked that system by also introducing ole school methods like S & R, trendlines, bollie bands , fibonacci , Elliot wave into the equation which you do not have to do , its a system that I have worked on for 2 yrs and it gives me a success rate of around
70 - 80% , which as you would appreciate is above average.

I am not a day trader, I am a simple tradie who flips homes for a living separate to my stock market business, not interested in chasing pips nor do I have the ability due to time constraint, but I do try to capture the important trades, here is how I have made 2 bags so far on MRQ.

Hope this improves your understanding

imo

GLTAH