Still waiting for the GU trade from yesterday morning to decide which direction it's going in. Fortunately I missed the ideal bar setup on the 7am close bar, so I had to use the larger ideal bar setup from the 11am complete bar.

Still waiting.....

Today offered up a textbook alternative risk reduction using lower timeframe swing highs on e/j ( an option Phil offered up in the trading room some time ago).

Hi Folks,

A copy of a session this afternoon outlining a slight strategy tweak/development that I'm looking at. Currently this is at the forward testing stage and is looking promising indeed.

To round off my blog on consistency based/driven trading I’d like to discuss some of the mental challenges I’ve had to face along the way and how I’ve dealt with them. 

In the previous post I gave an overview of the analysis element I use, and in this post I’ll discuss the money management system that complements this.

I will attempt to build up the logic of the analysis element I use step-by-step leading to the analysis of Friday’s (24/04/09) GBPUSD chart.