Comments on: More Trading Updates http://technurse.net/2009/05/30/more-trading-updates/ All Things Technical Mon, 26 Jul 2010 02:51:55 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Randall http://technurse.net/2009/05/30/more-trading-updates/comment-page-1/#comment-91 Randall Tue, 16 Jun 2009 20:00:08 +0000 http://technurse.net/?p=181#comment-91 I've recently begun working with the Steinitz Fractal Breakout indicator .. just a few days. It seems promising. However, it appears as though it's very helpful to have a basic understanding of support/resistance to know which trades to possibly avoid. Also, it appears that adding stochs and momentum indies can help with entry points to reduce DD. Something else that seems to need attention ... though this is just a preliminary conclusion and subject to change ... your choice of currency pairs and the time of day that you choose to trade plays a major role. This morning I entered a few trades, right before the NY open. At the NY open there often is a mad push to reverse trends ... and that's what happened ... the majority of the trades reversed on me. Overall, (again a preliminary conclusion) this indicator seems pretty good. You just shouldn't indiscriminately take every signal. Randall I’ve recently begun working with the Steinitz Fractal Breakout indicator .. just a few days. It seems promising. However, it appears as though it’s very helpful to have a basic understanding of support/resistance to know which trades to possibly avoid.

Also, it appears that adding stochs and momentum indies can help with entry points to reduce DD.

Something else that seems to need attention … though this is just a preliminary conclusion and subject to change … your choice of currency pairs and the time of day that you choose to trade plays a major role. This morning I entered a few trades, right before the NY open. At the NY open there often is a mad push to reverse trends … and that’s what happened … the majority of the trades reversed on me.

Overall, (again a preliminary conclusion) this indicator seems pretty good. You just shouldn’t indiscriminately take every signal.

Randall

]]>