So what have I been up to since my last post?
Well i'm happy to report that I've well and truly got stuck in to the charts, it took a while but i'm starting to enjoy my trading again. I've taken a number of trades since I last posted so i'll run through them with a few charts now.
I've taken more of a swing trading approach over the last month or so. The basic premise has been to concentrate on the projected Point and Figure targets and taking my favoured entries. All this with a view to holding them until the target is hit. The projected targets are scarily accurate* so what i've been doing is entering trades and holding them for what has been around a week at a time.
I'd be lying if I said it had been a walk in the park, but isn't that trading in a nutshell? Come to think of it, maybe I should have titled this post - "The Definition of Being a Trader".
*Not an official figure, i'm currently going back through the charts looking at success rates and will hopefully come out with an overall percentage success rate across all forex pairs as well as a rate per pair.
Since my last post i've taken seven trades, three on EU, three on UCHF and the one on GU.
These will be the first charts i've posted since the 20th June!
Depending on how long this post is, I might break it up into two entries.
Here we go...
Week 3/03 - 3/07
1 day ago