Wednesday 21 May 2008

What a Break

What a break, has been months away from the trading platform.
Couple of changes.. no longer using Ensign.. Signed up with Mirus, using NinjaTrader with Zen-Fire datafeed. Am still in simulation, so this is a good change and save lots of $$$$. NinjaTrader has its pros and cons, the platform is high customisible, allowing easy creation of indicators, definately a plus over Ensign way of creating customisation. Having said that, NinjaTrader is not that stable, crashes on me every other day.
A good start. Have a look at my desktop.


Did some reading and spoken to some trading friends lately too, conclusion is that every trader need to find his/her own style, no one trading method suite all people. And I'm glad to bump into a couple of good thread in EliteTrader, AHG - Profitable Strategy for Struggling Traders by Anekdoten and Day-Trading 2.0 for small traders by jjrvat. Will write down my understanding of their style in later post, Key is that they both pay little attention on indicators, they're both Price Action Traders.

PRICE is the perfect indicator. We need to realise this and all other indicator will work in certain time and fail in other. Look at price, and trade in the direction of TREND.