NZD/JPY, D1. Probably Going to go DOWN ???
NZD/JPY, D1 chart. My algo gave a signal to swing SHORT just now but I'm still a bit reluctant. The entry point looks sweet but I may have to play the waiting game a little bit more until I see some movement before I commit.
The hardest part using my algo is that it usually gives entry signals earlier than I usually would enter using naked charting. If I follow my Algo to the letter, usually I get maximum pips compared to naked charting. The big problem is that I haven't tested it much to be fully confident and just blindly place trades when I get a signal. But looking at my algo's record, it beats my naked charting record most of the time especially when it comes to pips. I think I really have to study my algo more before I get too confident with it but as of now, it has been working quite okay. My old senior once told me to trade like a robot but its easier said than done...
The hardest part using my algo is that it usually gives entry signals earlier than I usually would enter using naked charting. If I follow my Algo to the letter, usually I get maximum pips compared to naked charting. The big problem is that I haven't tested it much to be fully confident and just blindly place trades when I get a signal. But looking at my algo's record, it beats my naked charting record most of the time especially when it comes to pips. I think I really have to study my algo more before I get too confident with it but as of now, it has been working quite okay. My old senior once told me to trade like a robot but its easier said than done...
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