What do you think of my trading strategy?

Not a good system. You will eventually lose most of your investment, for many reasons. For instance, stocks generally fall at twice or more the rate at which they go up. Blanket trading strategies like the one you've described always fail.

You act like you're the only one that's ever thought of this. What you're talking about is done by 10's of thousands of momentum traders every day.

You think an "indicator" is the answer to carry you forward. No... indicators (technical analysis) are important.... but third in the list of what you need to know;

1. Psychology (yours and the markets)

2. Risk Management techniques.

3. Technical Analysis.

Most day & swing traders are very happy with a 40% or more success rate. It's more a question of how much you lose that will make you "successful".

This will take you 3-5 years to perfect.... with little chance of being successful.

Read 6-12 of these before starting;

http://joefahmy.com/2010/03/17/recommended-reading...

http://www.chrisperruna.com/2010/01/10/2010-stock-...

Some Top Favorites of mine:

Market Wizards or Stock Market Wizards

Trading In The Zone

Mastering The Trade

Trade Your way To Financial Freedom

High Probability Trading

How To Make Money In Stocks

I'm sorry... there's so many (to start)..... I'm frustrated that I left some great ones out!

(Read the comments on Amazon for all of these..... then choose!!!!!)......

There is no indicator, don't be fooled by it. No indicator or chart is reliable. Why? Because the indicators, charts and whatever the analysts have said are not yours but you want to be bounded by that.

There was so called 3 rules in the market, #1 - No loss, #2 - No loss & #3 - No loss. Thee 3 rules simply do not work. Let me give you 3 ultimate rules;

#1 - If you could make money, take it when you're encountering the pressure. Don't try to guess what is behind it because you'd never get it right. When it comes to money, doesn't matter how small the amount, if you don't take it, a lot of people would. Let the one be you. If you could make the money, do let it become an even.

#2 - If you could make an even, don't let it to become a loss. If you don't take back your money now, it'd turn into a loss. Guarantee!!!

#3 - If you are in a losing position, make sure it is as little as possible. There is no such thing called 'panic sell'. Take back your money, preserve your capital and wait. Be the first one to cut the loss. When the stock falls further, make sure you buy it back. Simply logic, can't you see your position is still unchanged but you are holding more cash?

the best trading software http://tradingsolution.info/

i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.

if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.