Friday, July 10, 2009

Change of Approach, and a New Trade!


As a trader, I am always analyzing and refining my trading approach. I am constantly evolving as I learn & experience new twists in my trading framework.


I have decided to replace my usual MACD with RSI as Divergence indicator.


I have also started to look at hourly charts, since I do have a lot of time to kill. In fact, here's my 1st trade using the hourly chart. Nice location, with RSI divergence to boot as well.


With the hourly chart, I will need to manage the trade a little bit closer. Let's see where it goes.

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