No, not from Forex.. .but, from certain markets.
Example.
This last week.
On Monday, all the indiors I use showed that this could be a challenging week with my methods. I could not get a definite direction for matters, and everything looked like it was going to be down and up.
So I wrote to myself. . .DON'T TRADE THIS WEEK!
I place it onto a sticky, stuck it on my own computer. . .and just sat back. Proud of myself while I watched friends pull out their hair on intraday trading.
Monday came, and I watched the markets. Tuesday came and I watched the markets. Wednesday came and I watched the markets. Damn, I thought...I'm psychic. No way I shoulda been in there. . .and I was not.
Then came Thurdsay.
I made 12 intraday transactions on Thursday. To get a grand total of a -39 pips. The end of the day I'm thinking. . .what the hell are you thinking, your damn lucky that's all you lost.
Then came Friday.
I made 3 transactions. . .total -19 pips. Lucky again.
So today I'm walking around in a confused daze. I told myself not to trade this week...I wrote it down. I bragged to people this week was gonna suck and keep the hell out. In each of my daily reports (I write my analysis every day before I start anything) it says. . .DON'T TRADE TODAY! It says , bolded and underlined, every day!
That I have a problem.
My issue is...I cannot NOT see the markets. When I know I'm not gonna commerce, I will still see them. And something pops up, and I'm in. I'm really proud of myself for watching the markets for 10 hours Mon-Wed rather than pulling the trigger. But, I think 3 days is my limitation
Which brings me to another question.
That I know how to follow a trend. Pips can be made by me in a market that is trending. I think most people can. It's those damn consolidating up down markets I always lose at (u think I'm unique here?) And being a dealer. . .it's like impossible to steer clear of your job for days, or months at a time while the markets go through this faze.
So I'm gonna ask. . .has anybody developed any kind of system that gets them pips consistenty at a sideways, consolidating, or up and down economy?
Cuz the only way I have learned how to trade it. . .is NOT to trade it.
And seemingly, that ain't workin'.
SF