Forex Strategy Reset

As with all my other 'resets', the strategy I have been using is getting a work over. To give you a quick background, the last couple months I have been reading the Trading Journal on ForexFactory of Strats (http://www.forexfactory.com/showthread.php?t=155459).

The strategy has hit a cord with me and makes a lot of sense. It goes in line with a lot of other research I have done about going to a more long-term strategy. When I say long-term, it is probably in the 2 day to 2 week time frame for most trades. I'm guessing that most trades would last 3-5 days.

Next post will go into my trading plan.

The Big Reset

The blog is getting another reset. The previous strategy started off well, don't they all seem to start of well, and ended not well. Nothing major because after 4 months I ended up at almost break-even. I expected 1 or 2 bigger losses and it turned out to be more, especially in a consolidating market. The strategy was not behaving the way that I would like to trade. So after 4 months I killed it and took off the rest of the time from trading.

Now I'm back, ready to trading the currency markets again!