- On Time
- At Standard
- No Wastage
- With Joy
High Management seeks to utilize these principles in order to create a profitable trading strategy. It is all about being disciplined and faithful with your account. You have to ask yourself the question, why am I a losing trader and change. Similarly you have to ask yourself why you are a successful trader and keep at it. It is about being honest with yourself.
Before I get into the principals, let me, in short, describe my trading strategy:
Name: High Management Trading
Pair Traded: EURUSD
Timeframe: 1 Hour
Indicators: 63 SMA
: 5 EMA
: 22,24,1 MACD
Position Sizing: Leverage of 30:1 on 100% of the account calculated weekly
Money Management: TP at 10 pips
Entry:
- MACD above/below zero
- Price above/below 63 SMA
- AS close to 63 SMA as possible
Exit:
- TP
- Reversal Signal
On Time
Its about timing. Don't get in too early and don't wait too long. take your trades as close to the SMA as possible. Time keeping is a virtue in life, so it is in trading
At Standard
This is the most important aspect. Do not second guess your system, especially the MACD. If it is below zero, keep to short trades and vice versa. Do not get too cocky either and anticipate getting, in on trades before the trigger.
No Wastage
There aren't that many signals and even if there are, do not let an opportunity pass by. No wastage of trigger signals.
With Joy
Early on, novice traders are ecstatic about trading but as the losses accumulate, the smiles fades. Keeping happy will ensure you work at your best ability, being on time and working at standard.
Disclaimer:
This systems works for me because it meets my personal preferences and goals. It might not work for you depending on your trading goals and level of discipline
Secondly, high management is a concept adapted from Foundations for Farming
I hope to keep an interesting thought provoking journal that brings out the best in our trading with productive interactions.
