an idea, page-9

Hi,

"The particular style of trading I have done this week is purely and simply intraday trading, using simple methods to start a trade and simple methods to exit... "

Good to see you are using simple methods for entry and exit. I think simplicity works better than having all the lines flying everywhere on a chart. I also think a bigger time frame, such as the hourly, is easier on the nerves than, say, a 3 minute chart. In very short time frames, prices move in random and I don't believe technical indicators (most of them are lagging by nature) work consistently. When using bigger time frame, you will of course need larger sum in your account to absorb the bigger moves during the period.

Simple methods, coupled with using some of the major candlestick reversal patterns, are the way I try to trade.I don't try full time to earn my living and I hardly trade forex these days. I am no expert.