Masterpiece

Previous posting mentioned that I will trade between the lines...so I just drew all lines possible in my chart....: peak to peak, valley to valley.....nearly 20 lines criss-crossing previous day chart..and current chart.....I will let the lines projected towards the next day

Looks like a masterpiece to me  so I will not erase these lines as I did before.....

BTW, I found that MACD behave like TSI and vice versa..and some traders agreed..coincidence?

So I put in MACD modified with DMI ADX...but these indicators are not my primary tools... the masterpiece lines are neither my primary tool....my primary tool is my confidence..I need to build my tool..erp..build my confidence. Yes I know..cliche...but its true


CCC
Consistency in taking trades according to trading plan
Confirmation of market signals to get better chance
Confidence build-up
************************

Article by Pamela Wheatly

We are always looking for the perfect trading strategy – the one that will present clear
signals and deliver winning trades time after time. We know it doesn’t really exist, but we
are always hopeful! There are many strategies used by successful traders, so is it
perhaps the trader who is the winner, rather than the strategy? There is also the problem
of changing market conditions. Sometimes a strategy which has worked well for a period
of time suddenly seems to fail, or there are no signals, so flexibility is also important.
This morning I was watching a video clip that promised to reveal to me a ‘new’ scalping
strategy........... and I found it was exactly the same as one I already use, so there is
nothing new. There are just variations and refinements of strategies created using sound
technical analysis principles. If you understand these principles you will be able to
construct your own strategies. These will be the ones best suited to your particular trading
style and risk tolerance.

Once you have a well-constructed strategy which has been thoroughly back-tested, and
forward-tested in simulation mode, there are three more important things to consider that
go a long way to making winning traders. They are consistency, confirmation and
confidence (and I wasn’t looking for three words beginning with “C” – it just happened!)


Consistency
It is important to have faith in your strategy and to be consistent in your approach, because
you will have times (at least until you become experienced) when you have runs of losing
trades. A few losing trades are not an indication that you should change your strategy or
give up. Chopping and changing your strategy will never give you consistent results, but if
you stick you your rules and keep taking trades when the signals appear you will start to
achieve consistency. Successful traders keep taking trades, whenever a signal appears
that matches their criteria.

Confirmation
Confirmation of signals is critical! The more confirmation you have that a market is going
in the direction you want, the more likelihood there is of success. On the other hand, if
you always wait for all your ducks to be lined up perfectly, you will miss a lot of good
trades! A simple trading plan is easier to execute than one which requires a large number
of things to fall perfectly into place. So, always wait for confirmation before entering a
market.

Confidence
Once a market has given you an entry signal, and you have some confirmation, proceed
with confidence. It is often difficult to push that button, and quite often you will have a
losing trade; but if you persevere, follow your trading rules, and push through the pain
barrier, you will find your confidence grows; and as confidence grows your trading will
improve. This will in turn generate more confidence.