Thursday, February 17, 2011
2/17/11.... new directions!
OK... well not really but let me explain. This stupidly simple system has been floundering as of short. I've decided that what I really need is a way to identify what kind of market we are in so I can apply the system that fits that market.
Trading is really just matching the oscillations of the market to your trading system until it changes and then you need to change systems. Some people advise as many as 6 different systems but I think a basic 2-3 are more than enough. The trick is when do use your trend following system, Breakout, or reversion to the mean system.
I'm just going to start by using very simple stuff like MACD,RSI and maybe ADX to create a simple Green(up),Red(down), or black(sidways or reversion to mean).
Keeping it simple!
Trader X!
Trading is really just matching the oscillations of the market to your trading system until it changes and then you need to change systems. Some people advise as many as 6 different systems but I think a basic 2-3 are more than enough. The trick is when do use your trend following system, Breakout, or reversion to the mean system.
I'm just going to start by using very simple stuff like MACD,RSI and maybe ADX to create a simple Green(up),Red(down), or black(sidways or reversion to mean).
Keeping it simple!
Trader X!
