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