Thursday, May 22, 2008
A feather on cap
I hardly score a 50 pips run when trading on M1 and M5 charts. Psychologically it is quite impossible to sit it out with the ups & downs + twists & turns of the market for it to exceed a 100 pip run. Yet when you see there are times the market trended for > 200-400 pips, you just wonder how to catch one.
So catching the first 100 pips run in a single trade to me is a milestone.
I manage to score it on the 3rd trade after attending a course. Was it luck? May be part of it; market trend was conducive then. But I attribute it to the change in approach than luck.
It is a fundamental shift of the approach, the mental time frame and the techniques.
In brief it is change of methodology and stringent market entry criterias.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment