Hi all .. hope your trading week has been a profitable one so far. I am slowly starting to realise that a longer term strategy is what my current lifestyle is looking for, despite my current day trading methodology being profitable for the last year (http://www.forexfactory.com/forexfor...d.php?p=55230).
My ideal strategy (apart from being profitable of course) would be one were I can check the charts at the same time each day, most likely some time in Asia as I live in Australia, use a criteria to detemine the most probable direction for the day, open the trade, and close it 24 hours later.
I am under no illusions that there is a magic formula, but I bring it up here as I would love to hear some feedback and thoughts on what components make up your trading decisions. I am not necessarily talking about specific indicators, but rather things like market conditions, news, day of the week etc. etc.
Love to hear some thoughts, and of course if anything does come of it ill be sure to keep it updated here
Happy trading!
My ideal strategy (apart from being profitable of course) would be one were I can check the charts at the same time each day, most likely some time in Asia as I live in Australia, use a criteria to detemine the most probable direction for the day, open the trade, and close it 24 hours later.
I am under no illusions that there is a magic formula, but I bring it up here as I would love to hear some feedback and thoughts on what components make up your trading decisions. I am not necessarily talking about specific indicators, but rather things like market conditions, news, day of the week etc. etc.
Love to hear some thoughts, and of course if anything does come of it ill be sure to keep it updated here
Happy trading!
You can quit and they won't care, but you will always know.