“The Return of the Come Back”

Published on Sunday August 9th, 2009 at 02:26PM by czarinacleopatra

OK, here I am again after ten years of non-trading. I know my title is kind of weird. It should be “New Set-Up, New Trading Style” actually.To start with, I admit I’ve been trading blindly before. My knowledge in trading is very limited and, I must say, blurred. I feel odd when after trading for a couple of months, I realized I’m not learning anything. I’ve been trading using my guts alone—without any technical or fundamental reasoning at all. I mean no rules or strategies… I just trade and trade and trade!Now, speaking of trades, here is a brief description of my “new set-up”:Time Frame: 30-minsI think this is temporary. I’m planning to trade NickB’s method; he uses only 4-hr chart. (I just hope I can integrate NickB’s method with this current experiment method of my trading. Hehe.)Indicator: No IndicatorI’m not sure if Pivot Point is considered as an indicator. I’ve removed OscE, RSI, and ATR from my previous chart. I’m not really a fan of indicators because I don’t understand them. It’s as simple as that. Oh yes, many traders say: “KEEP IT SIMPLE” and that’s what I intend to do with my trading style from now on. I’ll just make use of Pivot Point for Entry and Take Profit. And we’ll see how it goes.Pairs: GBP/JPYOK, GBP/JPY! I’ll stick to yah! Ha! I removed other pairs in my AccuCharts so that I’ll trade GBP/JPY only! And that’s final. Yikes! That’s all, for now—nope, I won’t discuss my trading style yet. Coz I don’t have any right now. Haha. Plus, I’m feeling lazy… the effect of that brain-melting addition and subtraction for Entry and Stop! Yup… give me a break! LOLP.S.Have a glimpse of my new chart. Plain and Simple. =)

  • 1 comment
  • Go to mtu_pienga's profile

    On Sunday August 9th, 2009 at 11:53PM by mtu_pienga -

    hey welcome back.....it must be interesting to trade without so many indicators..... and its wise to trade few currencies like me i only have a maximum of 3 pairs....GBPYEN is a good one it has crazy moves.....o.k your chart is simple...lol....i must admit.....please explain to me nickBs method if you dont mind? My belief is that every method employed in trading forex works so long as you stick to it...welcome back

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