Are you a trader or a software engineer?

It's true that different personalities approach trading in differing ways. Some traders find a good system and just follow it and are happy with the results even if the results are not HUGE like all the claims that are made out there on the www. Other traders however are always tweaking (either their own system or one they found)and are never satisfied even when they are making huge profits! I am the latter ( ; The people that are always trying to make adjustments for a better system have what is called an engineer mentality. Engineers are the people that build things we use every day like automobiles, skyscrapers, even small containers that hold our lunches. They enjoy the quest to constantly refine and build a better widget. Then once it's built, they look for ways to update and improve on it!

Some traders over-tweak to their detriment unfortunately and these ones must learn a new skill in order to launch a sucessful career as a trader...that skill is "sitting on their hands". Sometimes however they can built a jaugernaut of a system with enough tweaking and backtesting so the sword can cut in either direction. Today I reset my own system once more and found a "memory" in the market where price reacts on que but it is not the standard S/R lines some people are familiar with. My "memory" points happen mors frequently allowing you to take a trade almost every day! Now I must quantify that I use daily charts to trade this idea since they have way more energy on the memory points than do smaller timeframes.

Anyways, as I was backtesting this idea , another profound thing jumped out at me (an AH HAAAA moment). I found that I could get rid of the only indicator left that i was using and now make my "Memory point" trades based off a raw chart! This is what every trader might aspire to since this means you are trading the market with ZERO reliance on indicators/oscillators. This is THE MARKET in it's RAW and NATURAL beauty letting you watch it's innermost secrets and just like a crystal ball you are now in charge and trading with 99% confidence (sorry, but this is still the market LOL).

If you would like to know about memory points, then you should subscribe to this blog. So far I have tested out daily charts on every FX pair I could find and even GOLD! It is uncanny how this thing knows where to jump in and how quickly it racks up the pips!My next backtests will be on weekly/monthly as well as hourly timeframes. Happy trading! ~ Bruce