Sunday, March 16, 2008
Why not just recommend a great book like Trader Vic or Market Wizards? Still, the same problem, language.
I will cull the best bits of wisdom and methods I have used to trade successfully and not so successfully.
Sure I'm not a millionaire trader yet and I still suffer severe draw downs for purely disciplinary reasons--my systems are solid I am confident in this finally after years of tinkering. I am sure I can be an asset to the people around me everyday. Not to mention I could create quite a niche market for myself. Perhaps even set up an IB for a forex broker and share in on my students potential success.
So I will be blogging more general about methods and trading ideas than in the past. I will start tomorrow with a general outline of what needs to be presented.
This ought to make me a better trader, or at least a more clear headed one. I would like to think of myself as on the cusp of financial Independence through trading. As a lifetime student of the trading markets, I think becoming a teacher of trading can be the first big step to a maturing process.
Tuesday, March 4, 2008
frost with a swingin day on GBP/JPY. Market opened with a huge
downgap--would seem the Yen has regained its foothold on the currency
markets again. Ws expecting a retreat before strengthening. But you can
never predict that beasts will =)
Doesn't matter. It's irrelevant to my intraday methods now. I really feel
liberated by my current method. It seems regardess of the market
condition, it preforms reasonably well, with the exception of a stalled
trend that doesn't pullback enough for me to exit the countertrend signals
which inevitably form under these conditions. Lately all trends have been
very strong and direct, no half steps necessary allowing full extraction