Forex Trading Tonight

What is my trading strategy going into Week 9?

I’m not drastically changing anything with my actual trading style this week.  What I do every week though is adjust the indicators on my charts to some degree.  This week I’ve rid myself of permanently placing 6 different exponential moving averages on my charts.  I’ve always had the 8, 21, 34, 50, 100, and 200 EMA lines on all my charts and I’m finding that I don’t use them all the time.  Therefore I’ll enable them when I need them.  Other than that, the only addition to my charts this week are the EMA Keltner Channels.

What I have been doing today is taking more notes on what I see on the charts so that I can refer back to it later.  In addition, I’m not planning on trading this evening (Sunday.)  I’ve always traded when my broker opens for business at 5 pm EST Sunday but this week I’m going to take the time to study price action going into the higher volatility London, New York hours.

Currently I’m trying to expand my knowledge by watching a video that was recommended on several forums.  This video is titled "How to Successfully use Pitchforks and Median Lines to trade." Since it is the belief that the market is greatly influenced by support and resistance, this may be another tool to use in my toolbox.  Last week if anyone remembers, I mentioned an article on Andrew’s Pitchfork which is part of what this video demonstrates.

I cannot fully comment on this video yet as I’m just in the process of watching it but if anyone is interested in checking it out, it can be found at http://www.cbot.com/cbot/pub/cont_detail/0,3206,1058+35604,00.html

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