Hi FXTrader,
2 comments.
1. Nice car in your avatar. (Better than a cartoon character!).
2. (I know you know this, so I am not directly replying to you....I am just getting my thoughts down in e-paper).
There are always trends happening. My 4 hour charts are showing trends 'everywhere' but my definition of an "A" trend has daily and 4 hour in sync with each other. So my system is eliminating me from trading until the world agrees on which direction things should go.
On another note: I have been papertrading shorter term (30 minute charts) on the GU; and there are plenty of short term trends (50 to 100 pips) to be had. I'm not trading live because I haven't dotted all the I's and crossed all the T's but I do like the idea of taking and closing trades every day (no overnight stuff).
I can see myself continuing to use my trend following system (which only takes a few minutes every 4 hours to execute) and supplementing it with specialising in shorter term moves on just the GU.
Why the GU?
No reason....I just like it.
Have a good day.
Stewart
2 comments.
1. Nice car in your avatar. (Better than a cartoon character!).
2. (I know you know this, so I am not directly replying to you....I am just getting my thoughts down in e-paper).
There are always trends happening. My 4 hour charts are showing trends 'everywhere' but my definition of an "A" trend has daily and 4 hour in sync with each other. So my system is eliminating me from trading until the world agrees on which direction things should go.
On another note: I have been papertrading shorter term (30 minute charts) on the GU; and there are plenty of short term trends (50 to 100 pips) to be had. I'm not trading live because I haven't dotted all the I's and crossed all the T's but I do like the idea of taking and closing trades every day (no overnight stuff).
I can see myself continuing to use my trend following system (which only takes a few minutes every 4 hours to execute) and supplementing it with specialising in shorter term moves on just the GU.
Why the GU?
No reason....I just like it.
Have a good day.
Stewart