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Girlfriend Knows Best
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Old 01-26-2012, 06:13 PM
NeverQuit NeverQuit is offline
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Default Girlfriend Knows Best

Yes, it shames me to admit this but my girlfriend knows best...in some situations! She and I had a talk last night about how my trading was going. I told her I was not doing well and she told me to just refocus and go back to the basics.

I asked her what she meant and she told me that I was trying to do to much with my trading.

So here is the conclusion I reached after thinking about what she was saying to me.

So I will be trading just EUR/USD and USD/CHF on the 1min chart. My main issue was not blocking the time I spend with my family but that will not be a problem as I will trade only the London open up until 8am PST, which is the time I get my kids ready for school.

I will be plotting the hourly support and resistance levels on the 1min chart. This type of trading will allow for me to keep a small stop loss since I will be trading off the 1min chart. It will also allow me to wait for the trades to come to me as I will have predetermined levels where I'm looking for price to make a move.

I will begin trading this way tonight at the London open.
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