Hey Dave/ Community

I have been watching your videos and there been awesome

I just got some questions here for ya there’s no right or wrong answer its just personal opinion it might be a tuff one but im looking at becoming a trader that trades after work from 6pm - 12pm AUS time and just wanted to know your opinion on what trading system I should go about using

examples
* what indicators to use
* what chart time frames to be looking at
* whether I should use chart patterns like flags to call my shots
* do you recommend to use pivots points and Fibonacci (have they ever worked for you)?

also should I be a swing trader or scalper? And what is more reliable indicators or chart patterns remember these questions have no right or wrong answer its all just your personal opinion

PS: do you have a trading system for when you were trading only 6hours a day?

Thanks heaps Bradley =]

Hi Bradley,

Thanks for your compliment I am glad you like the videos.

All of the questions that you have asked below are good ones, however in my opinion these are questions that you need to answer for yourself. What I try to do with my videos is give you the structure which allows you to try different things out and figure out what works for you.

There is a great book which I highly recommend for traders who are new to the markets called Market Wizards In this book trader and author Jack Schwagger interviews a bunch of the worlds top traders about their methodologies and keys to trading success. Throughout the book he interviews traders who trade on nothing but fundamental analysis, technical analysis, short term traders, long term traders, traders who trade only commodities, etc etc etc.

At the end of the book he says that the one thing that really struck him as the common element to all of these traders who had such varying styles success, was that they had developed a strategy that they believed in and that fit their personality.

So while I know it is tempting to have other people tell you what you should do, I think you will find that although it is a longer road, you will be much more successful if you take the basic framework that is outlined on this site and others and use that to test a bunch of stuff out and answer the questions that you have asked below for yourself.

Hope that helps.

Best Regards,
Dave

Hey Dave thanks heaps for the comment i have tracked down that book and im going to hunt it down at lunch time is there any other books that might be a big help to me champ?

Hi Spooner198,

No problem. I am in the process of adding a bunch of books that I think traders will find helpful to the bookstore on our site which you can find here. Each page will have my comments on the book so you can look through and see what may be a fit for your particular style.

Best Regards,
Dave