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Joined Nov 2007
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Status: Student of the Markets
|413 Posts
man, it was painful getting up at 1:30 after not getting to bed til about 11:30... i am sure i will adjust in time... just waiting for setups. nothing yet.
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Joined Nov 2007
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Status: Student of the Markets
|413 Posts
got stopped out of EU trade.. it seemed to be a valid signal but i will look more closely at it later to see if i misinterpreted something.. good that i am trading for pennies!
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Joined Nov 2007
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Status: Student of the Markets
|413 Posts
short USDCHF - agaisnt resistance... i know i am not following my system.. but these look like good trades and i am trading pennies and don't have real system yet so i think it can be excused...
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Joined Nov 2007
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Status: Student of the Markets
|413 Posts
new rule: no more than 4 trades at a time.. too difficult to manage, especially when not enough sleep. system is not doing well. S+R trades are about break even. i am closing all the trades to regroup and go back to system exclusively. if system does not work, i will change the system.. trying to freestyle trade on top of system is too much to manage. lesson learned: this is my first attempt at intraday trading so i guess i have a lot to learn here. i may be more cut out for trading daily's or 4 hour charts.
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Joined Nov 2007
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Status: Student of the Markets
|413 Posts
One night was enough to realize I don't want to trade the 5 minute charts... I am going to start by putting a system together around 1-hour charts that will allow me to make trades with set stops and spend less time in front of the monitor. i really like the trend follower template as it gives you an excellent picture of what is actually occuring in the market so i will be using that as a starting point. then i am going to use his crossover signals with a combination of indicators + support/resistance and see what i come up with... going to sleep now. this has been an educating night, however... have to get up for work in a couple hours... at least i work from home!
