you've put a lot of thought into that sm. some of the other guys...

you've put a lot of thought into that sm. some of the other guys run systems. I'm a pencil and ruler trader.

you stumble with confidence you say ? that my friend comes with the territory. firstly then, learn the risk/reward equation to plan your trades. a lack of confidence is easy.

listen to and digest the asmiov movie by steve briese, within it is contained the complete essense of what every trader is up against, large and small in every major market. it is chock full of very useful nuggets.

advice offered around here might be useful to you. both sanity and confidence comes from timing and using large stops. big gains are made in the turns, pure and simple .... and only one turn per month is necessary once you know what to look for. when you know you have a good entry, let it run.

but note: when you open covering trades, be sure to 'force open', don't do like I do sometimes and close the original trades out!!!

trade off daily and weekly charts at the most, and don't overtrade - something currency trading tends to encourage I find.

like equities - timing isn't everything, it is the ONLY thing. Confidence comes from having a nice trade going your way - nothing need be sofisticated or involved in getting it. If you are successful with equity trading, it is tranferable to currencies.

Am short AU, EU, had beautiful swing covers going on the UC until I messed it up ; long Gold now covering short.

As for a system, let us know how you go from time to time. oh yeah, and don't bet against the daily trend.