Monday, May 26, 2008

Daily Breakout System

Hello everyone

here is my latest system, it is call Daily Breakout system. aka DBS
it is a fairly simple breakout system. trading on a naked chart with no indicators. sounds cool rite? am i going up a differnet level? or am i just going crazy? who knows? as long as i feel good about it can already. Trading doesn't have to be tough to work. in fact this is so simple i think almost everyone know about it. haha who cares rite? its not about what "we know" but what "we do" that matters. only those that turns their knowledge to action will reap the rewards. today is GBP and US holiday, maybe got no trades. i been doing backtesting for about 2 months, so far the results are good. this system still need a few changes. i am going tweak it here and there. now i only know entry. but not stoploss and TP. but these should be quite easy. the impt thing is the entry and the trade winning percentage is good. i am going to do forward testing for this system. we will see how it go. wish me luck guys.