My journal of Jim Brown's (JAGfx) Daily time frame system

Hi Stal，
Thank you for sharing, can you share Template and indictors, I would loke to try it ?
Wishing you a smooth transaction.

Hi serenitytree, the indicators are described on the first post. The script for the on chart QMP dot is available from Jim Brown when you buy one of his books. But its not necessary to trade the system. I do recommend his books if you are interested in trading this system, also his youtube weekly analysis videos. I have watched about a 100 of them to get the system into my brain.

Trade management: CADCHF short - closed half for a profit at 0.66573 and moved stop on remainder to 0.67725, just below entry locking in a small profit.

Since this system can produce lots of open positions I have decided to split the pairs I trade into two separate accounts.
I have tried to split correlated pairs into the two groups.
Account 1: GOLD, AUDUSD, GBPNZD, EURAUD, NZDCHF, AUDJPY, NZDCAD, USDCAD, EURCAD, CADJPY, CHFJPY, GBPJPY, EURCHF, USDCHF, GBPUSD
Account 2: SILVER, NZDUSD, GBPAUD, EURNZD, AUDCHF, NZDJPY, AUDCAD, GBPCAD, CADCHF, USDJPY, EURJPY, AUDNZD, EURGBP, GBPCHF, EURUSD

New trade: GBPNZD long

Okay, thank you. I'll study it first and ask you if I have any questions,
Wishing the transaction success.

Trade Management:
NZDCAD moved stop on 2nd position to 0.8045 locking in a small profit
USDCAD moved stop on 2nd position to 1.3532 locking in a small profit
AUDCHF moved stop on total position to 0.59350 reducing risk slightly
EURCHF moved stop on total position to 0.97060 reducing risk slightly

New trade, Short NZDJPY

Trade management:
AUDUSD closed half for a small loss to reduce risk overall due to an opposite QMP dot.
NZDUSD closed half for a small loss to reduce risk overall due to an opposite QMP dot.

They say one of the most difficult things to do in trading is take a loss, that is decide to close a trade for a loss compared with letting it hit a stop loss. Some find letting it hit a stop loss also difficult. I have decided to partially close theses trades because of the signals instead of closing fully as the system was meant to be. This flexibility allows the reducing of risk to less than the initial risk but also allowing for some possible recovery. Psychologically this is easier to do than closing the whole position.
For me trade management is as much about managing the psychology of decision making as it is about the profit and loss.

New sell trade USDCAD (long still open also)

Adjustment to the trade to see how I am going to manage a hedged position, see details on the chart.

Trade management:
USDCHF closed half @ 0.9048 for a profit and moved SL to 0.9250. Price reached 200 ema and MACDp reached the zero level.
NZDJPY closed half for a small loss to reduce overall risk Opposite QMP filter dot.

Trade management:
USDCHF moved SL to 0.9195
EURGBP moved SL to 0.8711

New trades:
NZDCAD sell
AUDCAD sell
EURNZD buy

Trade management:
AUDCHF closed half @ 0.57335 for a profit and moved SL to 0.59096
CADCHF moved SL to 0.67578

Trade management:
AUDCAD SL moved to 0.87580
EURCHF closed half for a profit @ 0.94806 and SL moved to 0.9635
USDCAD buy SL moved up to 1.35550
NZDCAD 2nd half of buy stopped out for a small profit

Been over a couple of weeks since you last posted Stal, are you still going with this strategy?