In responce to TrueTrader
I have been trading forex for almost five years, so first off Im not a newbie, and I am quite aware of how difficult Forex trading is, so don't need the lecture.
Im not sure where you get the idea that visiting these forums is a waste of time. I have come across many nuggets of advice and new ideas that have improved my trading by visiting the forums on a regular basis. I think reading books, articles, and selectively scanning the forums are all great ways to improve as a trader. Anyhow enough ranting.
I am by no means participating in "the slamming" of the stealth system. I will be the first to agree that Martin is a class act when it comes to answering emails and trying to offer assistance, and I have taken full advantage of this already.
I think the problem I have with the system has more to do with my limited time, than the system itself. I work crazy hours and can only realistically analyze the charts for about an hour each night before bed, so I am limited to trading the H4 and Daily charts. I do not doubt the power of stealth for scalping on the M1 all the way up to the longer strategy on the H1 charts. However after giving it a real honest go, and being very diciplined with the rules, I just haven't had great results with the "longer term" trading system on the H4 and Daily.
Having said that it could just be that most currency pairs are in a period of consolidation right now, and it is just not a good time to be trading the long term trends. I suspect most people using the stealth system and having success are scalping during the London and U.S. sessions (which I am not able to do unfortunately).
I have had some success so far using Autochartist.com to search for patterns on the H4 and Daily, along with some other indicators I use as a filter.
Anyhow, to all those using Stealth and having success keep at it!
I have been trading forex for almost five years, so first off Im not a newbie, and I am quite aware of how difficult Forex trading is, so don't need the lecture.
Im not sure where you get the idea that visiting these forums is a waste of time. I have come across many nuggets of advice and new ideas that have improved my trading by visiting the forums on a regular basis. I think reading books, articles, and selectively scanning the forums are all great ways to improve as a trader. Anyhow enough ranting.
I am by no means participating in "the slamming" of the stealth system. I will be the first to agree that Martin is a class act when it comes to answering emails and trying to offer assistance, and I have taken full advantage of this already.
I think the problem I have with the system has more to do with my limited time, than the system itself. I work crazy hours and can only realistically analyze the charts for about an hour each night before bed, so I am limited to trading the H4 and Daily charts. I do not doubt the power of stealth for scalping on the M1 all the way up to the longer strategy on the H1 charts. However after giving it a real honest go, and being very diciplined with the rules, I just haven't had great results with the "longer term" trading system on the H4 and Daily.
Having said that it could just be that most currency pairs are in a period of consolidation right now, and it is just not a good time to be trading the long term trends. I suspect most people using the stealth system and having success are scalping during the London and U.S. sessions (which I am not able to do unfortunately).
I have had some success so far using Autochartist.com to search for patterns on the H4 and Daily, along with some other indicators I use as a filter.
Anyhow, to all those using Stealth and having success keep at it!