Thursday, April 28, 2011

Before and After!

Ha! New post! It's not issue/stock-tip related though. It's about my progression as a trader for the past year and a half.

Here's how my chart looked like when I started to study and practice technical analysis:



Don't forget that I also used candlestick analysis + RSI readings!


Now, here's how my chart looks like:



The candlestick settings are still there but just for aesthetic purposes only. No more trendlines or other technical indicators. You might ask how could you trade with technical analysis without using technical indicators. Well, what I am using now is simply a variation of TA, coupled with more solid trading rules in comparison to what I was doing before with all those technical indicators. Plus I wanted to keep everything as simple as possible. Hopefully, I would be able to trade without using charts anymore. You can call this progress right?

With that being said, I don't think I would be making/posting any technical analysis soon. Anyway, if you are practicing TA and still soliciting "guru" advices, I think you need to re-evaluate what you are doing.

I'll post a review on my trade on ICT using my current rules of trading vs candlestick, RSI and whatnots when I wake up tomorrow.

Happy trading!