The comeback/second chance

[mrmaster]

Ok, after getting my butt kicked and my account blown trading on fundamentals only I decided to revaluate my strategy on mix it with technical analysis too. I will mostly make trades on a system I have developed for spotting short/long term trends. I have back tested it and feel like it's time to put it to a test. My investment in this test is small so for now it's not about the money , my main goal is to be a Winning trader.

I have decided to start a journal for my trading for a couple of reasons-
1.I think it will help me with my discipline problems . Although I have clear Entry-Exit strategies , I sometimes don't follow them.Usually at loosing trades.
2.It's a nice way to keep book and stats.
3.Feedback and crtitics will improve my trading system.

My trades will differ a lot - day trades-swingtrades-long term , whatever the markets offer as with currency pairs. I have no favorites except winning trades.

I will start next week with a bankroll of 780 USD.

[alichambers]

I've never had much time for fundamentals. You're never going to be privvy to the latest up to date information - and very often charts do different things to what is expected with the fundamentals.

TRO sums it up very well on this site - know who is in control - the buyers or the sellers - and together with statistics, that is all you need.

I am not a scalper as it doesn't fit my personality. However, I *always* look at a higher timeframe to see the overall trend, then drop down to a smaller timeframe to get an entry.

Good luck - there's LOADS of great advice on this site. Use it!

Alex

[mrmaster]

Not getting any trades triggered by my system so playing the patience game right now. The dollar is correctly in my opinion weakening against many currencies , see if it will increase gap further.

[mrmaster]

EUR/CHF Long 1.6565 BR:756 $
SL 1.6546
Target 1.6600 and above .

Looking at EUR/SEK for the moment and it has crossed many long term trend lines and it might be in for a long down trend . Thinking of taking a long term position .