I am done I tell ya. (( You tell me, is it wise use of time or a wasteful use of time? ))
A couple of years sometimes hard effort sometimes no effort. But, and I’ll just say it very briefly, but, I can’t win for losing. it is taking a toll, especially mentally. This thing called forex.
I’ve concluded, that at this time I can’t. . and I think I know why. to much passion, or I am way to close to the situation . . however you want to say it. . . still searching for they HG?
I’m going to quit thinking - and quit trying to find a system that works.
I am going to turn off the brain.
The remainder of 2011 I am planning on trading ONLY four trades, and simply taking everyone and taking notes, so after 2011, I can compile the statistics on those 4 trades ONLY.
I’ve spent 2 + years system hopping, EA creating, in la la land. with no hard conclusive evidence of any sort - how can I expect to learn??
I think the only way is experience - so here goes. Feb 2011 til Dec 31, 2011.
4 trades basically summed up as
point 1 - an impulse move of ‘significance’ (1hr, 4hr and Daily ONLY)(I am a working fella, so I will allow me missign a few 1hr trades here and there)
point 2 - a retrace to at least 50% up to 61.8% then
A CBL formation in this range will be an entry
point 3 - a move back away from that retrace number
point 4 - a move back TO that retrace number (see purplepatchforex’s 1 picture thread)
A CBL formation at this point will be an entry.
So Above I mention 2 entries - so for a total of 4 trades I plan on doing that both long and short on all forex pairs.
So pretty much good bye for now, I have family, and other more important things to worry about.
So I turn my brain off to forex. I am simply collecting data for the next 11 months.