17 Pips Last Week

August 21, 2006 by Trader Rich 

I have not been posting regularly because I just haven't had the time.  I've said this many times before but this is only temporary and I have not lost my dedication to trading. 

Last week, I only made 1 trade and profited 17 pips.  It's not much but I've been using a new system that has been in the works for a year that pretty much kept me out of the market.  I really don't want to get into much detail about it because I don't know how it will turn out and I'm still trying to see what works and what doesn't.  It's really nothing new; it incorporates moving averages, MACD, RSI, the Ichimoku Cloud, and 3 time frames (60-minute, 240-minute, Daily)  I don't use the Ichimoku as it was designed.  I just use the Cloud.  This is not a system that generates automated signals for me.  It is a lot more discretionary.

So I'll continue to use this going forward and see if I can develop some sense of consistency.  I'll try to come around my blog more regularly as I feel bad when it's neglected.  I hope everyone is doing well. 

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