I have spoken a few times on the Blog about my methods, but as traders we are always looking at ways to be more efficient. I have tried and tested more methods than I really care to admit but they only happen when we are in these choppy markets.. At the end of the day I am looking for a trend... A trend that I can ride for a few if not 10 big figs.
Thats where you earn your money.
As I have found, it is the trade you dont take that is the winner.. so we come back to being patient and consistent. A good trader sticks to a method. Sticks to good risk management.. Today was an example.
I am short Aud/Usd, Nzd/Usd , Aud/Cad and was short ENQ... as the mini Nasdaq ( ENQ) had not lived upto expectations I preferred to cut that and lower my directional risk as all 4 positions were pretty much all Risk-Off positions.
Monday, 30 January 2012
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