Decided to give this Turtle trading method a miss. After further tests, I found out that this is a rather long-term in nature......
........and I hate to be a long-term trader!
So far my intraday strategy is working well. I need to complement it with short-term & medium-term strategies, which I am putting together now.
Why multiple strategies?
That's because markets have various phases, and each of the strategy is designed to capture a certain part of the market phase. I try to have a collection of tools that I can use to tackle different market conditions.
Tuesday, August 3, 2010
Sunday, August 1, 2010
"Turtle" On....
I am currently testing out a variation of the Turtle trading strategy, which is basically a Channel Breakout. There's nothing fancy about this strategy, really simple stuff.
Since I like simple stuff, I thought.....hey, why not take a look at it and see if I can get it to work on FOREX? I may need to tweak a bit here and there.........nonetheless, it should be an interesting piece of research work, no?
Since I like simple stuff, I thought.....hey, why not take a look at it and see if I can get it to work on FOREX? I may need to tweak a bit here and there.........nonetheless, it should be an interesting piece of research work, no?
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