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Mid day 01-10-2012. Biggest improvement I need to make is to get less excited when we have an A up or A down. Trying to improve my sense to gauge the PACE of the market properly and stay away from indicators as they played with my head all day pointing me in the wrong direction , For example at 102.40 after an A down they were pointing for all the HELL TO BREAK LOOSE and @ 103.05 after an A down- they said up there is nothing but BLUE SKY (lol).
Now , these scenarios may still play out sometime today but they have to prove it. Based of overnight inventory, market did not answer the call at the OPEN.
Can you help answer these questions from other members on NexusFi?
I have eliminated all indicators too, I was having same problems as you
Ive got to catch up on your thread bc today you said something that I gauge too, up is up down is down (you said bullish/bearish). basically your looking at ACD and I look at res/support. I know of the basics with this style of trading I just need to read more on this thread before I ask you some questions....Thx for posting
\
ttys
Richard
YW. I will recommend reading mark Fisher book " The logical Trader" and my charts may make some sense. Most of traders use an existing successful trading method ( if they have one ) with ACD.
MFB- That is a good idea, and for other experienced serious traders too.
I do plan on passing ideas onto you and this (very productive forum), but now
taking on a new job-requiring lots of extra study. So I may not be able to jump
in as quickly as I want. But manage to check in here, and follow the charts.
Currently, I am not trading real $$, but doing SIM trading just to keep my 'juices'
flowing and staying in Trading 'fitness' .
Will return later.
Look forward to throwing out some thoughts.
Cheers, G Trade well: trade a simple plan, document, assess, have fun , repeat.....
