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“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. =)
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On Sunday August 9th, 2009 at 11:53PM by mtu_pienga - Like - 0 People
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