I mentioned at the end of 2008 that I was taking January to simplify my trading even more than it is...namely reducing the number of setups I scan for and trade to a small handful. 2008 was my most profitable year, but I think I can beat it in 2009 with more intense focus - while at the same time freeing up some time to pursue other personal objectives.
Instead of disappearing in January, I will make a few posts. I am not planning to spell out exactly what I am doing, but by sharing some thoughts it might spark creative thinking in you as you evaluate your own trading.
I am posting the charts below because they are setups that will be key to my 2009 trading. Ignore the timeframes and the specific symbols and look at the patterns - they happen every day, but people tend to miss them because they are chasing other setups or they are already in trades that are substandard (ie, trades that are not good setups...but you feel the urge to be in a trade - any trade - and you give into it).
Trading 27-April-2016 (+ $66)
22 hours ago