My Story

My market work has begun in 2003; I’ve decided to start with technical analysis, because it was much simpler than fundamental, and, as I’ve thought first, should lead me to the profit faster. During that time my primary occupation was FOREX and Equity market analysis and I’ve started to use classical approach of technical analysis, mainly based on books of J. Shwager, Murphy and T. Demark method. Results were mixed, and in general, I was not satisfied with them. After that, I’ve decided, that technical analysis does not work as well as I want it to, and switched to fundamentals. For next 4 years I’d seriously investigated Investment valuation and economy cycles in US. The result of this work has become my own system of long-term investing on financial markets. I’ve managed a small hedge-fund with this system currently as a hired manager. It allows me to get about 20%-30% annually on fund assets, but I get only wage that fixed and does not depend on my results.

During last two years I’ve oftener and oftener thought about my own business and trading. I’ve tired to be a hired employee and want some independence and freedom. And the single possible way for me to reach it was trading. So, I’ve returned to different ways of technical analysis and finally had found that is absolutely suitable for me – Fibonacci and Pivot analysis. I have passed through different books, choose stuff that really works, created own indicators and at the end I’ve got the own approach to trading. I’ve understood that one of the main things is to find the approach and method to trading that is mostly suitable for you. J. Shwager, Murphy, T. Demark, Elliot waves are not bad. They are just not so comfortable for me as Fibonacci work and Pivots. But the problems have appeared also.

For now I continue to struggle on markets. I’ve survived during my first year of active pure technical trading, although I have no much stability. And I have many things to achieve still.

Best of trading, Andrew