The Euodoo EA, Where have all the Numbers Gone?
Wednesday, March 17th, 2010 Euodoo by pipteeWell, I need to apologize for not staying on top of the numbers. Or maybe the currencies need to apologize to me. As you may recall through previous webinar tinychat’s that we have done in the past, I like to trade channel breakouts that are between 50-60 pips. We have had massive surges and channels, so trades have not really presented themselves.
So what else can we do in the mean time? Well, I have been learning a lot trading with Tim Chandler in the mornings. I have been “seeing” how his trade could keep us out of a breakout that would fail, or confirm a trade that would really pay out. Price action is very important, in my opinion, when it comes to trading. Indicators can lag and markets can move too fast for other indicators, so when you can rely and learn how to trade and read the candles with JUST price action, your trading can and will get better.
As traders we never stop learning and growing. We all have systems that we use, but we can always learn something new that we can add to our trading. I now have added Tim’s trading system to my own account and am doing very well at it. Everyday I learn something new, which I think is important. I really can’t wait to start trading with some of the other traders that you have come to know and love on Twitter. We will be releasing their rooms very soon, and I know you are going to REALLY get excited when you learn who they are. So stand by because the trading fun has only just begun.
Pip T
