I am loving cable these recent weeks.... my account is up 60% since late October.
The only way to trade, for me is:
- stick with one market. I like cable. sticking with one helps to develop patience.
- stick with a larger trend (daily / weekly bars) and open position on pullbacks.
- read the Elliot waves! This is key. Without them I am naked...
- use no indicators.
- use no stops.
- smoke some serious chronic (legally of course). It helps me to maintain the mental balance to succeed.
That's my two cents... I've just closed all open trades (one manually, one at a TP stop) and will stay out for a while as my wave count tells me we might be nearing a major counter-trend move... I think this last push down might be terminal. I could be wrong, but when I'm uneasy, I get out.
The only way to trade, for me is:
- stick with one market. I like cable. sticking with one helps to develop patience.
- stick with a larger trend (daily / weekly bars) and open position on pullbacks.
- read the Elliot waves! This is key. Without them I am naked...
- use no indicators.
- use no stops.
- smoke some serious chronic (legally of course). It helps me to maintain the mental balance to succeed.
That's my two cents... I've just closed all open trades (one manually, one at a TP stop) and will stay out for a while as my wave count tells me we might be nearing a major counter-trend move... I think this last push down might be terminal. I could be wrong, but when I'm uneasy, I get out.
Channeling profits from the fractal universe.