Hey Journal.
Hey Mike.
Man, am I stupid. I’m talking, really stupid. But you know what? Better late than never.
I’ve seen Dennis’ thread for a long time now. And you know why? Cause I’ve always identified with the strong/weak. I’m talking since I began my journey. I was always jealous about him. It was like he took my idea. Sure, we had a different indicator to determine the outcome, but really, it was so similar.
But, I just got done pondering everything. About my trading. And I think the walls just came down.
This is nonsense!! Man…he’s successful! Journal, you know I have some sort of problem following the crowd. What a stumbling block. Anyway, I think he has the key to what I’ve been missing.
Direction!
I can’t tell you how many times I’ve read on that site that this whole thing is not a trading system. Then, sure enough, someone will come on there and basically want that very thing. It’s only a guideline. You have to come up with the method of getting in and out. And I knew this. But, why haven’t I thought about meshing this with what I do?
Well, I know that I was taught that you should have an anchor trade. That means 1 pair. So, I just never questioned that. So then, I go on to develop my method of getting in and getting out. Also my money management system. And so forth.
But, I got to thinking. I’m having some serious trouble when it’s a ranging market. Man, my system would do awesome in a trending market. But, I guess I have to wait it out then, with my one pair. Man…I’m not getting any younger. I don’t have time for this.
Then it hit me. Why don’t you just take a look at what the SW pair is doing? And well, that’s what I did. Oh, I knew it. What monster trends take place. See, I’m looking at, not only the Daily time frame, but the 4hr and 1hr also. Well, of course! Hey, when it’s trending, it trends.
I now realize that I need to change. Yeah, change the pair, that I trade. The work that Dennis does basically gives you that answer. The question ends up being, What pair trends the greatest? And the answer is the latest top SW pair. Duh.
Man, I can’t believe how stupid I am. Not only has the answer been here the whole time, but, I’ve read pretty much every single post on there. And I still didn’t see it. Well, that’s me alright. The late comer. I get things after-the-fact.
See, I think I was being prepped earlier. I know I need to change. I just can’t stay doing the same things, especially if it’s not working. Oh, I could have gone a long time trying to figure this all out. But, it’s as simple as switching to the most promising pair. Talk about something making sense.
Well, all I got to say is, don’t tell Terry. We still have yet to talk. Oh boy, don’t want that day to come, now. So Journal, that has got you up to date with me. What I plan on doing is going back and analyzing exactly how he calculates this up. I’ve read it before, but not in this mindset. I don’t know, things have changed. And I don’t know whether I should start with the latest pair, or wait for the very next one, when it comes.
I am going to get my ducks in a row. I really don’t have to change much. Other than the pair. All my charts will stay the same. All I want to do is ride these trends.
And another thing. It’s been said lately, that why nobody has documented these top SW trades. Well, that’s where I come in. Because me and you are already established. All I’m going to do is adopt this to my already existing method of trading. See? Its simple as that. Then again, everybody’s methods should be different. I’m going to use the Daily, 4hr, and 1hr time frames.
So, I guess we should see how my trades fair using this as my premise. Basically, the particular pair, and which way to go with it. Remember how much I agonized about those aspects? Geeeez. It’s been given to me on a silver platter. And I never even connected the dots.
I’m stupid.
But, as usual, I get it sometime later.
This should make a real difference in my results.
Stay tuned Journal.
Mike