Proceed TO POST #89 PAGE 6 FOR THE NEW STRATEGY
Hello everyone, this thread will talk about my new trading system, I have a medium long term functioning greatly where money management is king and it helps me to remain constant.
But as every medium term swing/trend follower in certain period it takes some time to see profit. So I made a decision to develop a new one at which the win % will be high while my RR will be 0.5, in this way I will take profit early and that I #8217;ll avoid the usual trend followers issues. I will #8217;t demoing my method because without real money I don#8217;t believe the same emotions than reside trading! So with this particular journal I#8217; I ll have to show my transactions and my feelings will probably be similar to this live account
About my system:
I will open my transactions (only on Eur/Usd) using all my timeframes, starting from daily searching for resistance area, trend lines ecc#8230; going to reduced timeframes, I#8217;ll attempt to take the profit I desire, opening and closing will be a little discretionary (tape studying ) but that I will attempt to give greatest explanation of my analysis so everybody will be able to learn something, and I#8217;ll be able to learn something from you too. I#8217;ll attempt to write all of my trade live, but occasionally I#8217;ll don#8217;t have some time I#8217;ll write after the session.
Money Management
I utilize a super strict money management I truly despise big drawdowns so that I attempt to don#8217;t shed more then 10% (never attained that amount, my Max DD thus much has been 7%), a 10% DD would likely worry me a lot resulting in errors#8230; therefore I place a 0.5percent of my account on every trade and I attempt to make a 0.25%.