Another reason WHY you should have your own strategy even if you find the HOLY GRAIL from someone else: You need to trust YOUR instincts based on your findings of how your strategy works.
Case in point: I went short GBPUSD earlier this morning (had order to sell at 1.5438) and got executed at 3:47:43AM while I was sleeping. The bigger charts were telling me that the GBPUSD had a high probability of moving down, that is why I place the order at an area that more or less was supposed to hold. Got executed, but then got nervous when the report came out at 8:30 this morning and got out with a 14 pip profit or so. Had I stayed longer I would be banking close to 80 pips.
See, when I find how to stop myself from pulling the trigger too fast, then I have found my HOLY GRAIL. It's not in an indicator or anything else, its just up here in my head.
Discipline and steel nerves are the strategy maker.
Richard
Case in point: I went short GBPUSD earlier this morning (had order to sell at 1.5438) and got executed at 3:47:43AM while I was sleeping. The bigger charts were telling me that the GBPUSD had a high probability of moving down, that is why I place the order at an area that more or less was supposed to hold. Got executed, but then got nervous when the report came out at 8:30 this morning and got out with a 14 pip profit or so. Had I stayed longer I would be banking close to 80 pips.
See, when I find how to stop myself from pulling the trigger too fast, then I have found my HOLY GRAIL. It's not in an indicator or anything else, its just up here in my head.
Discipline and steel nerves are the strategy maker.
Richard