Tuesday, March 9, 2010

I Give Up!

It's not what you think.  I'm not quitting, but I simply cannot produce a profitable automated system or even a manual system that has strict rules.  I think everybody's chasing that rainbow, but it's not going to happen with me.

I can't call this an epiphany, but I know in my heart now that you just have to work at this as hard as anything I've ever done and be thinking constantly.  There is no magic bullet.

That said, here's what I mean.  The tools I have to work with in the charts below are as good as they get.  However, I still have to work my ass off to make them work.  The graphics should make that clear.

Trade Entry


Trade Exit
Yes, as you can see, I'm waffling a bit.  These charts don't look just like the ones that preceded them.  I'm back to the original thinking, with three time frames and three indicators -- momentum, support & resistance, and volume patterns.

0 comments:

Post a Comment