I've been sitting here all morning and part of the afternoon waiting for my system to indicate a trade. Nothing, nada, zilch all this time. Sigh. I'm forcing myself to stick to the system (trying to teach myself some discipline lol).
This makes me wonder if it is best to just sit out when my system doesn't indicate a trade or to look for a second system that works better given the current market? I think the problem is that my system is based on moving averages which means it should work better in trending markets and what I've seen today is more ranging.
(The only thing I've gotten all day is about +18 pips during some volatility when the US markets opened but that could easily have gone against me.)
Squid
This makes me wonder if it is best to just sit out when my system doesn't indicate a trade or to look for a second system that works better given the current market? I think the problem is that my system is based on moving averages which means it should work better in trending markets and what I've seen today is more ranging.
(The only thing I've gotten all day is about +18 pips during some volatility when the US markets opened but that could easily have gone against me.)
Squid