I'm going to place 20 consecutive trades obeying the rules.
Each trade size will be decided by my stop loss position. i.e. only 1% of my account will be on the line for ea trade.
This way if it goes horribly wrong it will not destroy my account.
Wish me luck - ill update the chart with ea entry & exit.
I will however miss all trades between roughly 2100 - 0400 EST . Sleep is important too.
Trade 2 now commenced as GN HK closed above 100ma. Bought 15 min pull back. Not sure why - this one feels more promising.
I've realized my stop loss mgmt states that after moving it into profit I do not move it until I've taken the 10% 2nd 3rd of profit. I'm going to make a decision here to trail it behind the low of the last HK close all the way up. I will stick to this rule from here on.
- Its interesting that the rules I set out initially did not wholly take care of all situations which arise during a trade.
On another note I'm enjoying this shared diary/testing.
cci was in the green. Broke an entry rule. Im unsure wether to count those trades. I think i Will but be more vigilant from here.
- watching and alarm on 4 Hour HK still active.
Trade 12 up and running. Lets go.
Now my rule is that i place the stop DIRECTLY beneath the last HK. It will be interesting to see how many times i get stopped for this. Im guessing doing the same but allowing 50c's would keep me in or loose me more. Lets see.
With the MA's flattening like this id normally stay away but rules is rules so on the next GN HK - if were above the 100 - and Im awake we'll be going again.