Some regular vistors may've noticed the absence of my trade reviews for last week. There's a reason for that. My trading has become quite routine and I've found updating the blog over menial details a bit of a time-sink. I also work two jobs. This, in combination with relentless system development and backtesting, doesn't leave me with alot of time to do other things. It boils down to my return on time and regurgitating details from my personal trading journal doesn't provide much return to me.
I'll probably stop posting trade reviews unless one particularly catches my eye. Instead I'll focus more on "bigger picture" topics, insights and achievements I've attained.
On the system development front...
After investing three weeks investigating pinbars on the daily timeframe, I've designed a new trading system. All I need to do is type it up into an official document, and start trading it live next week. The sample size is a little over 600 trades across 11 currency pairs, from 2001 to mid-2012. The overall profit factor was 1.25. It's tradable.
Almost of my developed trading systems are based on price action. If you're stuck for ideas, price action is a good place to start. Design some mechanical rules to follow and backtest thoroughly. It really is as simple as that. The most difficult part is actually putting in the time to perform your backtest (and optimisation).