This is the month that I was trying out Dr Alexander’s Elder Ray indicator and Triple Trading Screen system. I made a mistake that any unseasoned trader would have made - getting excited and want to trade many counters to see if the system works. Initially, I was looking for a shorter term system with a higher accuracy but lower payout, so I thought this system would meet the criteria. However, my assumption of it being a relatively shorter term trading system than T3B, I got in and out trades too fast, resulting in small but unnecessary losses.
The small losses that you see (<S$100) are incurred while using the system. I am not saying that the Triple Trading Screen with Elder-Ray indicator does not work but it was me that applied the rules wrongly. It is a rather patient system that have to wait for a longer term signal to give the green light to trade. The signal was not there or I skew my imagination that it was there - I just traded because I WANTED to trade. Read more...This is the month that I was trying out Dr Alexander’s Elder Ray indicator and Triple Trading Screen system. I made a mistake that any unseasoned trader would have made - getting excited and want to trade many counters to see if the system works. Initially, I was looking for a shorter term system with a higher accuracy but lower payout, so I thought this system would meet the criteria. However, my assumption of it being a relatively shorter term trading system than T3B, I got in and out trades too fast, resulting in small but unnecessary losses.
The small losses that you see (<S$100) are incurred while using the system. I am not saying that the Triple Trading Screen with Elder-Ray indicator does not work but it was me that applied the rules wrongly. It is a rather patient system that have to wait for a longer term signal to give the green light to trade. The signal was not there or I skew my imagination that it was there - I just traded because I WANTED to trade. Read more...
