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Archive for the ‘Your approach to the markets’ Category

I have had a look at some trading books in my collection and realized my preferred approach is to trade off price, not indicators, using trendlines, pattern breakouts. A copy of Curtis Arnold’s PPS Trading System and a video from Bennett McDowell’s Tradingcoach.com made me realise this. These two pattern recognition systems were [...]

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My trading approach – initial position, watch like a hawk, small gain, ease slightly, bigger gain, relax somewhat, look for trendlines. Small loss, finger on trigger, increasing loss, close out position.

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Reading and practice are essential to developing a financial spread trading approach – most beginning traders look for the “holy grail” a secret system which will lead to super profits. Following tips, newsletters, trading coaches – then onto more sophisticated technical indicators – then maybe “level 2 access” (closer to the market you see).
Well, [...]

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Hello, dear reader, you have stumbled upon the first real life, real time spread trading journal where, from the comfort of your armchair, you can peek behind the veil of secrecy that is financial spread trading. There didn’t seem to be too many “successful” (read – not in financial pain) spread traders out there [...]

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