as far as newbie are concerned i will share with them,the results of various charts,which are part of my mechanical trading system for next few time just to support them ,for ,at least not to loose money,so that they can survive in this volatile market.
but i am sharing, the basics of my trading system,if they can be of some help,it will be great pleasure for me
one: my system is 75 % based on price action trading.
two
ut of the popular indicator i am using only one indicator that is rsi and just for taking second opinion
three:basic purpose of using rsi is ,this is the best move to move indicator,which opens move from the beginning of the trade and takes it to the end of the trade
four;i am not using stoch,although it is most widely used and one of the five best indicators
five:reason of not using this best indicator is it is is a correction to correction indicator,so it don't distinguish in between a move and correction
six:it don't suit my requirement ,as i am a move to move trader
seven:as far as TRADER ACTION ZONE is concerned,it is a very popular trading system,i have pointed out several time in my thread.IT IS BASED ON A COMBINATION OF 10SMA AND 30 EMA,one can feed trader action zone in Google and he will get the site from where he can under stand the concept of trader action zone-TO BE CONTINUED FOR FURTHER DETAILS REGARDING MY MECHANICAL TRADING SYSTEM