Saturday, October 3, 2009

Review 4th of September

I learned to take counter trend trades only at decision point areas where the risk to reward factor is high that usually happens when the CMO indicator is above +50 in downtrend and -50 in uptrends. Trend trades I have confidence to take if I can see a clear AB correction. All in all I have to say that I become more and more a friend of discretionary trading, especially when looking at multiple time frames trading is much more profitable when taking not every signal that an automated strategy would do.

I am looking forward to trade next week with confidence, discipline and focus.

No comments:

Post a Comment