I decided to start a journal to record my own trades. I find it tough to maintain a regualr journal so hopefully this can help. This really is a egy which I wish to test before going live with it.
What I want
Daily Chart
4HR Chart
1HR Chart~ no positive about this one as of yet...
Slope Management Line (Stage =7, Strategy =3, Price=0)
I have other indiors only as visuals and are not needed.
Im not using ceases. Position will vary upon another sign.
Ranking sizing~
Daily Entrance =.1 lots
4HR Entrance =.5 lots
1HR Entrance = Not certain now
Entrance's ~
For shorts when the SDL changes from blue to red this is the first heads up for a short. After it changes color you must await that candle to shut to confirm the true shift. Subsequently the entrance is on the start of another candle. Its really a lot easier then it seems.
Exits~ Same rules but reverse.
The objective of this System/Plan would be to attempt to get into the beggining of a Daily tendency while earning gains on the 4HR too. I plan on attempting to incorperating the 1HR as well, I just cant find anything that is consistent yet.
1HR- im thinking my goal behind its 1HR is between 10-20 pips. These are my pips and not my accounts. So at the conclusion of the trade/week/month I'd withdraw these as they would behave as a paycheck and it'd still allow me to construct my account....