using established ability to trade and being asked to manage money im here in this journal to create a strategy to help me meet my goals... with accuracy and consistency. goals 1. create system to manage large pool of funds emphasis on short term positions where consistency and stability in growth is priority. 2. push 6 months to one year with system in verifiable profits showing monthy and/or weekly consistency in profits. 3. to have clear consistent explained entries/exits/stops 4. to have clear consistent explained account management including minimal exposure for gain, volatility control, draw down control, re-entrance scaling for winning positions as well as improved risk:reward 5. 6 month goal average break even and provide time for refinement and year goal increased profitability. input welcome
Open Orders Long USD/JPY E=89.636 SL=88.434 Long EUR/CHF E=1.48745 SL= 1.47487 Short GBP/USD E=1.42366 SL=1.4460 Short AUD/CAD E=.79440 SL=.80720 Pending Short EUR/GBP E=.91216 SL=.92476 Positioning 1% of Account X5 USD/JPY adjusted units = 156 EUR/CHF adjusted units = 135 GBP/USD adjusted units = 70 AUD/CAD adjusted units = 136 pending EUR/GBP adjusted units = 136 Readjustments made next day based on position incremental additions will be made at time of purchase or sale due to algorithm basing on wave distance
feeling that off of the 3hr chart the aud/cad has become parabolic position was liquidated +160pips expected break of the USD/JPY short drives us out of the trade as it seems to be finding much resistance on the 3hr failure new high may not be made TL expected break profit protection comes in position liquidated +23pips GBP/USD on breakout was liquidated to cut losses -27 pips EUR/CHF still holding waiting for reaction at TL still holding floating loss of -16 pips