Other than scalping which I am kind of comfortable with I have been working on a strategy towards swing trading of late. It is simple and straight forward but being a scalper mentally I find it tough to hold beyond 6 to 8 points.
That is the reason I chose metal mini lots as an option as I can hold positional if required without losing sleep.
Crude generally is traded in the evening session and I find that base metals are a good way to test the swing trade strategy.
Being Wednesday i will have ample time before eight today. So I may try my hand at that for a trade should the signal come up.
If it works well fine, else I have my scalping to fall back on. After 100 trades or so I should know if it's working.
Today I will get into my aggressive scalping mode nevertheless. I start slow usually and Wednesday onwards I shift gears until Friday.
Let's see how the day goes, inventory generally is the day I make the bulk of my gains , so fingers crossed.
That is the reason I chose metal mini lots as an option as I can hold positional if required without losing sleep.
Crude generally is traded in the evening session and I find that base metals are a good way to test the swing trade strategy.
Being Wednesday i will have ample time before eight today. So I may try my hand at that for a trade should the signal come up.
If it works well fine, else I have my scalping to fall back on. After 100 trades or so I should know if it's working.
Today I will get into my aggressive scalping mode nevertheless. I start slow usually and Wednesday onwards I shift gears until Friday.
Let's see how the day goes, inventory generally is the day I make the bulk of my gains , so fingers crossed.