Tuesday, August 4, 2015

Status

Apologies for the lack of entries last month. At the moment, I'm just trading as normal, and enter around 3-4 swing trades per week, using four systems I've developed over the last year. I usually post snapshots of my day-to-day trades on Facebook, but I'll go back to updating this blog as well. 


Because I'm doing 3-4 swing trades a week, this timeframe has become "saturated". Any additional trades I do has the strong risk of correlating with an existing trade. In order to get more trades without the danger of correlation, I have to move to shorter timeframes.

For the last month, I've been doing more research on the 4H and 1H timeframes, and so far haven't had any luck. I've said it many times previously. Transaction costs absolutely murder you on the lower timeframes. But if I want to do more trades, this is where I have to go. It's a very tough challenge. You need resilience to push through.

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