
The market continues to grind on very low volume.
I do not see any edge in this kind of action. Even though my visualization today could not have been more accurate I did not see an efficient way to trade it.
This kind of movement requires wider stops and provides less reward so I am not going to participate until volatility comes back.
I can "feel" what the market is doing most of the time and I have had a completely neutral bias and read for the past couple weeks.
I have a repeatable strategy to engage my visualization that works well and allows to to repeat my entries. However, someday I plan to trade my visualization only with no stops.
No stops until I am unquestionably proven wrong that is. I believe that is the best way to trade once you know what you are doing and have absolute confidence.
Until then, I will continue to improve my tight risk management style. I plan to see just how far this approach can go in the first quarter of 2010.
The key is confidence, aggressiveness, and consistency.
I am starting to realize that I have had the appropriate feel and read on the market going all the way back to a couple months after I started training with Pride Trading.
I have spent all the time between then and now proving to myself that I am correct in premise a vast majority of the time.
The key components to my plan moving forward will be attacking areas that I have conviction about and being ready to re-enter multiple times after being stopped out.
It is important to act before you are forced to react. This makes visualization extremely important.