after a lot of years of doing it im now pretty comfortable with my scalping strategy for London session ....especially frst 2-3 hours
for me - its all about strategy and market dynamics....watching the G8 unfold like a hawk waiting for the moves ............sometimes thay come and sometimes tey dont .....thats also where patience cuts in ...
which i have little of..........its my achilles heel ....amongst many others
I had an interesting chat yesterday with an old mate / Trader about the relative complexities of our trading systems ......
we trade totally different markets and strategies by the way
we both agreed that whilst we were doing ok it would be nice to simplify our systems and make them leaner ......we both have instinctive feels that we are making it almost too hard on ourselves
but where do you make the changes ?.....and how will it effect the overall holistic nature/dynamics/behaviour of the whole system ?
well the only way to try is to keep testing testing testing ............(sure in Demo but keep testing)
dont think that building a sucessful system is just about getting to a winning formula ...its not ..........getting to something half decent is just the beginning of the journey .........
its then about constant review and revision and adaptation ..........you can never ever be good enough in this game ..........
steady selling of usd so far ............the most interesting currency is again the volatile Swissie that has had a very active week .........its gone bull early london
as already stated earlier .........i played a lot of usd bear into whatever offered on the bull runs ...............swissie rocked haevy bull early session ......and then came back again later on from 8am bar as well ............euro was teasy ...........then along came the big bad cad from 8am that was a screamer
gbp is bear but lightweight player so far .....yen selling so promising openings now
have a good one - im done ...no complaints thanks to my 2 superstar pairs the UCHF and UCAD