No Spectacular Returns

Blah, blah, blah…  Yes, once again I'll mention the fact that I'm in a transition personally and only time will tell me how much I can dedicate to trading.  There is no question that it is one of my top priorities as it has been for almost two years.  Unfortunately I've had to trench myself into my full-time job and give it the attention that was lacking.  I'm sure a lot of you also have to find a balance between work, play, family, and trading.  No matter what though, I have a passion for forex trading and I think if you do too, this gives us as good of a chance as anyone at doing this for a living.  

This month has been anything but spectacular.  I'm actually happy to be ahead, albeit by only 6 pips.  I'm happy that I've started to track particular moves and trades more closely in an attempt to try to optimize my current systems.  I've also been able to organize myself more from a trading and non-trading perspective.  I've recently found Google Calendar to be an indispensible tool in this endevour.  I also have a lot more personal space at my new house so it's nice to walk over to my desk and quickly look at my charts even though I still mainly use my laptops for trading.  

I went into a tangent about falling behind in my technical analysis studies and also about the need to learn more but I'm back to my philosophy of keeping it simple.  A couple of you had some good things to say about keeping trading simple and I just needed to hear it to come back down to where I belong.  Ed Mamula once again had a good comment:

I absolutely agree with the comments that are encouraging us to keep it simple.  Having more technical indicators to look could possibly increase our confidence, but beyond a certain point, it really doesn't increase our accuracy.  I've heard it said many times that a man with one watch always knows what time it is and a man with two watches can never be sure…  

You can visit his blog, Book Smart and Battle Scarred.  It seems like he's had some success trading the GBP/USD with a system of his called the Cable Glider. 

Have a good weekend.

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