I get regular comments about 'overtrading', so I thought I'd publicise my recent trading details.
This is a table of my trading since mid-October 2009.
As you can see, I've averaged just short of 7 trades per day, but I don't trade every day as I'm trying to have a life, too!
When I trade, I use several chart scales to assess the market. The trading decisions are based on the trend (which I get from the 4hr or Daily charts), and I drill down through the smaller timeframes to the 5 second chart to find the best entry and exit points.
I'm watching for patterns, such as Elliott Waves, and I also use the RSI, MACD and Stochastic indicators to time my entry/exit.
Some weeks, the market moves very predictably, so I get a lot of trades, but sometimes it's so unstable that trading really drops off. That's one reason I think that it is always better to publish long-term statistics, so that the good times and the bad times are accounted for.
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