The News JunkieIt’s so difficult. You know the basics are all I use—MACD, RSI,
stuff like that, moving averages. But once again, the key to me is
psychological. You have to know what other people are doing and
just get a feel, a taste for the market because those technical levels
won’t mean anything if the market doesn’t want to go there.
Q: What’s your favorite indicator?
A: I would have to say Fibonacci. I prefer using those for defining
and testing resistance levels and supports.
Q: Are you more of a systematic or discretionary trader?
A: Definitely discretion. I couldn’t do system trading. It’s too
monotonous. I have to choose how I want to enter, where I want
to enter, the environment I want to enter in, so definitely discre-
tionary.
Q: Given you background as a system engineer, have you ever
considered trading systematically?
A: I guess the reason I don’t is I get too bored at work [laughter].
So I don’t want to do the same thing at home.
Q: When you are doing your currency trading, do you typically
have one currency that you’re trading at a time or will you have
positions in a few different currencies at the same time?
A: I would say two is the max. Any more than that and it gets to
be too much to follow.