Thread: ThE GriND

Purpose:

1. To arrange my trading egy
2. To write and further build new ideas

Approach:

1. Trade daily and weekly chart support and resistance
2. Add positions as close to the initial rejection at support and resistance


Theoretical Probabilities:

Method 1.
1. Average 1 successful trade a month affording minimal 20:1 RR
2. Average 1 successful trade per quarter affording minimal 40:1 RR

Method 2.
1. Average additional 2-3 trades per month averaging 15:1 RR
2. Average additional 2-3 trades per quarter averaging 30:1 RR

Stop Loss: 25 pips (max)
Frequency: 20 trades per month (max)

Gross Profit = 100 percent

20% achievement rate
80% reduction rate



IDEAS:

1. Reduce loss rate by integrating a percentage of 0 transactions



GOAL:

April 2012 - 20:1 RR trade 2 X 15:1 RR exchange

Butchered the expected short at 1.3350 degree. I'm pretty annoyed with this.

Life goes on. My stops were very tight and that I couldn't reevaluate when I wanted to

I've reverted back into undisciplined and stupid trades.

Either way it's a really important encounter because I understand how quickly good work can go down the drain by changing egies.

Ultimately I have not effectively started stacking positions as the trend grows. Personally, I think that it's the best time to experience high success rates and fantastic benefit to risk ratios.

Unfortunately identifying a trend is not the most objective thing in the world.

In order to add new rankings effectively I think that it's important to understand the rate of that higher highs occur. On the opposite side it is just as important to understand the range of the lows during the span and retracements.

I will have a look at some daily bars to see if I can find some significance out of these thoughts. If I don't behave like an idiot I shall post the excel and also the outcome of my analysis.

As much as I adore MAs, price moves in square blocks and horizontal lines. The issue is how often should slight support lines be exchanged within an uptrend.

Because I am chasing trades all my expectancy has dropped.

Problems to fix:

1. Focus on daily chart
2. Prevent chasing counter trend trades
3. Predominantly use limit orders

Waiting for another 1000 point move on 3 majors. If I perform this correctly I can make out with a rather nice return and cover all my losses.

March is finishing and I'm attempting to get a position in for April.

The next is the first short trade. I'm hoping to find a change on the daily candle chart respecting the down trending resistance line.

I'm going with really cheap positions and looking to include if the chance arises.

At current levels I'm more interested in shorts.


Hopefully I can establish a trade in the 1.3350 to 1.3400 level with the price then falling from the up sloping channel.