I'm starting this thread to track a system where I’m not using any targets. Initial SL is 50% of 100-day ATR. Trailing stop is 7R. So the only way I exit is when I get taken out by the initial SL or trailing stop.
I’m picking two pairs each week and I will have a directional bias associated with each pair. I’m not going to get into how I pick the pairs/direction, or how I’m entering. I don’t really think it’s that important.
I’m only using this journal for my own sake, no other agenda.
I will try to post at least once per week to recap the past week.
Week 1:
Pair 1: GBP/USD Long
Pair 2: CAD/CHF Short
Total trades: 7
Closed trades: 4
Result of closed trades: -4R
Open trades: CAD/CHF shorts from 0.7536, 0.7520, & 0.7475.
I’m picking two pairs each week and I will have a directional bias associated with each pair. I’m not going to get into how I pick the pairs/direction, or how I’m entering. I don’t really think it’s that important.
I’m only using this journal for my own sake, no other agenda.
I will try to post at least once per week to recap the past week.
Week 1:
Pair 1: GBP/USD Long
Pair 2: CAD/CHF Short
Total trades: 7
Closed trades: 4
Result of closed trades: -4R
Open trades: CAD/CHF shorts from 0.7536, 0.7520, & 0.7475.