Friday, July 02, 2010

Trying out New System

trying a new approach.....
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To help address the issues in the previous post, i will be trying out a new mechanical indicator to help with my discretionary trading.
The mechanical indicator will work to supplement the discretionary trading of key Support/Resistance levels.
The purpose is to provide more discrete and rule based decision making so that I won't get frustrated at not taking valid signals.

I will post signals from this indicator for the next week into this blog, and also record the results of that signal. Then after 1 or 2 weeks, assess the result, make whatever tweaks are necessary, and then go live with this indicator.

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