My portfolio
a fast notice:
I like to prepare daily as I am certain that you will realise by now. A PLAN and PREPERATION is another key to success.
One time a night I go through every single market (with the exclusion of stocks and a number of the interest rates) my broker lets me exchange.
In my portfolio I have a select few that I look at about the hour, every hour, every day. The figure is near 20 but varies. There are a few that I always keep in there including the: DJI, DAX, FTSE, Gold, Oil, US T-Bond and Bund and EUR/USD.
I then add anything else to my portfolio that I am interested in, according to its daily TF price action.
Trading is warfare. These charts are my arsenal when the trading day starts. I will look at these throughout the day and these only.
If I do not get a setup, I do not trade.
Many days I do not trade. I sit and wait patiently. When I started out I needed to maintain the market every day, the big momentum moves do so to you. However, for me personally, today, the key is patience.
Frequently it's the amateur traders who leap on momentum moves.
So what exactly does a trap pub tell us?
A pin bar tells us that this momentum turned quickly and captured many traders offside.
So today I do not worry as I used too when I browse the forums and see everybody jumping in and out of the FX and earning hundreds of pips. I sit and wait. Since I know that sooner or later I am likely to come in and take their cash.
Last edited by trader_dante; Oct 28, 2007 at 4:37pm.