DislikedThis is an honest request to Chips, Courtneywild and the rest who are successful in trading the system. Would you be kind enough to discribe to us how your normal trading day in managing your trades is. For instance Courtneywild normally close his position at the end of the day. The followng day, you started anew set of trades. Perhaps, you can described how you manage those trades, from your first entry until you close them for a profit. It is some sort of a journal describing your trades and why you did enter those trades. Perhaps, you encountered...Ignored
firstly, I dont close my indicator postions...because for me they are actual growth positions in the market. They keep telling me that the market going my way since I entered or its moving the opposite way.
I have no set time for my trading..sometimes I sit an trade when there is time and sometimes I just enter a position at daily open on a position that is in profit or counter on a postion that is in loss..depending on my DD bal in the profit column using proper position size.
I have shown how I have entered and exit the Trades while controlling DD.
1. in the Base system there is no S/R.
2. In the base system There is no spacing...only min pips is profit suggest 12 pips profit take it, we are thinking Profit oriented.
3. In the base system trade the bottom pair in profit.
4. In the base system use patience to grow the account. proper postion size.
5. in the base system, Stop trading for Loss Profit Loss.
6. In the base system, what do you do when mistake happens...we all make mistakes.
7. In the base system..There is no Pin point entry..or setups or breakout
8. in the base system...Follow the trend...volatile market..
9..in the base system..Think profit..
10. In the base system...you decide your time of operation..but trading in times when market is busy is good.
Second..When building positions...with the Trend for longterm Trading and controlling DD..
I have shown..that with proper position size..one can just stack on to position that is in profit or Loss..at the start of the market open..Compounding with the Trend.
I have shown that you can manage your positions base on daily close.
"IT start where it ends and IT ends where it starts" Think..
Just tak a look at where the market starts and where it ends...it's the same spot. Every day the closing price is the opening price...
So if its up BUY and if is DOWN SELL...But the indicator shows you right away if its a BUY OR if is a SELL...
Why ask for a journal..
There is no wrong or right way..you have to do it to see it..
We will all trade differently...as long as you are growing your account..that's the main goal..
If you review my journal..you haven't learn anything...you will only learn and believe if you do it over and over...applying you own ideas..
but start using the base...
We are trading the forex base on Business Prinicples..
Using Line or credit to Increase revenue...More revenue from trades... Lower Loss...NET profit.
Now..There are techniques...That I use..to controll DD..on the AUD...
for example Buying LL on the Tripple SWAP run up...This technique Brijon showed in his videos.
But you dont need a whole bunch of techniques..to be profitable...
I am trading ...using the Trend on the strongest stock as shown from the pitbull indicator..
However ..I will enter also enter on pairs in profit or Losses...and BE those positions...the market will move those positions...either +ve or -ve..
We have no controll over the market..BUT WE HAVE CONTROL OVER OUR DD..and that's OUR POWER AS TRADERS.
So you set your MAX DD Tolerance....at 15% of your account..bal..
This give you room to operate without fear or greed.
An you keep printing profits Daily, Hourly, or minutes...taking profit...while focussing on the DD bal..
Some of the techqniues is for advance traders without BIASES...and for new traders who are willing Explore and be like a child..be innnocent with the market..and entering with the flow..
I Know I have been saying the same thing and it seems like its an endless loop...but so is the market..an endless loop..Man has managed to create a world that have no end to it using computer chip and monetary price manipulation.
One Love