I ‘fell’ into trading back in late 2007. My background prior to that time had been in Science Research (Chemistry) and then Education. Technical analysis, scientific research and experimental design had always formed a large part of my daily activity in the scientific domain and, thus, the transition to technical analysis within the trading domain was not such a huge leap for me.
The motivation for this transition was a personal one and evolved, in part, because I wanted to continue to work but on my own terms and in a field that gave me more flexibility and control over my time.
The journey from that point back in late 2007 to now has been long and varied. I have spent a lot of time, and money, exploring various trading schemes and educational packages. I used to reflect that this was time and money wasted. I look back on this period now, though, as a valuable learning phase that has brought me to the level of understanding that I have developed today. During this time I gathered and processed a lot of trading knowledge and assimilated this within a scientific framework given that this was the most familiar context for me. I firmly believe that I was able to develop my successful trading strategy/algorithm due to my strong adherence to the basic tenets of scientific methodology.
My ‘Trade Charting’ System was developed by the middle of 2010. I back tested this system on daily FX charts and found it to be very successful. I was filled with a bit of self doubt though and found myself being distracted and still looking for other ‘ready made’ trading systems. This was all without success.
A period of illness during 2011 proved to be a turning point for me and for my Trade Charting system. This period marked a significant shift in my thinking and I made a valuable decision on the trading front. I decided to cease chasing the trading advice, strategies or schemes of others. I pulled my own TradeCharting (TC) system back out again and committed myself to giving this TC trend trading system a full and rigorous test to see if I could get it to work and to see whether it could be consistently profitable for me. This ‘Blog’ actually evolved out of that recovery period as I found writing about my trading to be a valuable part of my healing whilst going through chemotherapy.
That was back in August 2011 and I haven’t looked back from there. I have enjoyed success with my TC trend trading system since then and continue to do so to this day. My TC system can be applied to the trading of all instruments: Forex, Stocks, Options, Future and ETFs. I have gathered some extra tools along the way since then that assist me with understanding and assessing the many and varied different trading environments that traders have to work through. This illness was a most unpleasant period of my life but I also look on it as the catalyst for re-positioning me on my successful TradeCharting journey.
2016 marked my 5 year anniversary post cancer and I celebrated this with a few trips. One was a solo trip to Europe to trial my TC algo during the European and US trading sessions off shorter time-frame charts. The advantage I see with this type of trading is that it delivers a greater frequency of signals and allows for lower risk trade set ups. Since this time I have developed my TC Indicator and I continue to focus on shorter time frame trading.
I am passionate about technical analysis and enjoy the challenge and opportunities that the various charting set-ups of trading instruments from the financial markets offer me each day.
NB: Please note that prior to April 2014 my blog site was run from a different site and was referred to as TradeSpotting (TS). Thus, posts prior to April 2014 will appear with this terminology rather than TradeCharting (TC). Please excuse any conflict of these terms used here through articles and images on this blog site.
Mary McNamara (last edit 19/03/17)
B Sc (Hons) Inorganic Chemistry
M Ed (Management and Human Resource Development)
Contributing author @ ForexTell