Equity:814.02 - Trade first, talk later

Today is the day I assume trading again, still halfway digesting 'Naked Forex' book. I have to say it is really a great book, and gives me a different perception how I view the market.

Nial Fuller's website, if you do not pay for it, really lacks alot of info. I suppose many of the things taught there might be similar to this book. So, if you want to save money, you can consider buying 'Naked Forex'.

I am still writing what I learnt from the book. But today, I will enter a trade taught by the book. It is called 'Big Shadow'. I will not explain the rationale, as I will be posting about the strategy soon. But below, it is the first trade of my different approach to trading forex.

Basically, the first and most important thing that I do now for trading is planting the resistant/support lines. After that, I just try to see what story the trend is trying to tell, by linking it to the 6 strategies I learn from the book.

All the best!