Looking back : 2009 trading at a glance

This article was written with the aim of sharing what has worked well for me during my 1st year in my trading career. I will go about to explain briefly and precisely what has helped to shape my current trading strategy i hope that this would at least benefit fellow traders of all levels.

As a start, a little background about my trading strategy :

I'm a pure candlesticks trader and trade purely on vanilla charts using support and resistance levels. My early trading strategy was build based on The Force 5min System which was started by forexjedi from forexfactory. This is a great system for traders who wish to learn how to trade price action. With the help of this system trader will eventually develop the skill to read market's price action which in my opinion a crucial skill for survival in the markets.

My trading rely heavily on identifying candlesticks patterns, and for this purpose i read through Steve Nison's candlesticks books and also courses.

Fundamentals part :

1. Twitter
As for the fundamental part, i rely mostly on news in twitter. I believe that twitter and forex trading is an incredible mix. I follow traders across the globe and digest first hand information tweeted by them and compare it with the technical picture painted by the candle charts. If you are a trader and has yet to stumble upon the power of twitter then i STRONGLY suggest you to register a twitter account and install tweetdeck to get started. you can follow this link to learn more about twitter and also who are the pros you should follow : http://www.winnersedgetrading.com/trade-of-the-day/twitter-and-forex-trading-an-incredible-phenomenon

2. Inter-market Analysis
i also keep track of Gold, Oil and DAX prices as i trade and use them to decipher the overall market sentiment. some of the brokers platform i like for these are fxpro and FXDD.

3. Calender and important events
For my trading i avoid prime news time and usually trade only when the dust settles so its crucial for me to keep an eye on upcoming important events which shapes the market. For this purpose i use www.forexfactory.com to keep track and plan ahead of upcoming news.

basically these are what i had found useful for me throughout year 2009. Before this i had experimented with different strategies. But as time goes by and experience increases what i found most useful are stated above. For 2010 i plan to write my strategy into an EA and write and accompanying indicator for it i had completed part of it and will continue my work throughout 2010 and hope that it would be ready by end of this year.

hope that what i shared here will benefit all. and comments/questions are most welcomed.
may you be well and happy always and may the pips be with you ! Let us brace ourselves for a prosperous 2010 !