NTW31 Test Journal

using established ability to trade and being asked to manage money im here in this journal to create a strategy to help me meet my goals... with accuracy and consistency.

goals

1. create system to manage large pool of funds emphasis on short term positions where consistency and stability in growth is priority.

2. push 6 months to one year with system in verifiable profits showing monthy and/or weekly consistency in profits.

3. to have clear consistent explained entries/exits/stops

4. to have clear consistent explained account management including minimal exposure for gain, volatility control, draw down control, re-entrance scaling for winning positions as well as improved risk:reward

5. 6 month goal average break even and provide time for refinement and year goal increased profitability.

input welcome
 
Open Orders

Long USD/JPY E=89.636 SL=88.434
Long EUR/CHF E=1.48745 SL= 1.47487
Short GBP/USD E=1.42366 SL=1.4460
Short AUD/CAD E=.79440 SL=.80720

Pending

Short EUR/GBP E=.91216 SL=.92476

Positioning

1% of Account
X5

USD/JPY adjusted units = 156
EUR/CHF adjusted units = 135
GBP/USD adjusted units = 70
AUD/CAD adjusted units = 136

pending

EUR/GBP adjusted units = 136

Readjustments made next day based on position incremental additions will be made at time of purchase or sale due to algorithm basing on wave distance
 
Quote from nukethewhales31:

Open Orders

Long USD/JPY E=89.636 SL=88.434
Long EUR/CHF E=1.48745 SL= 1.47487
Short GBP/USD E=1.42366 SL=1.4460
Short AUD/CAD E=.79440 SL=.80720

Pending

Short EUR/GBP E=.91216 SL=.92476

Positioning

1% of Account
X5

USD/JPY adjusted units = 156
EUR/CHF adjusted units = 135
GBP/USD adjusted units = 70
AUD/CAD adjusted units = 136

pending

EUR/GBP adjusted units = 136

Readjustments made next day based on position incremental additions will be made at time of purchase or sale due to algorithm basing on wave distance

feeling that off of the 3hr chart the aud/cad has become parabolic position was liquidated

+160pips

expected break of the USD/JPY short drives us out of the trade as it seems to be finding much resistance on the 3hr failure new high may not be made TL expected break profit protection comes in position liquidated

+23pips

GBP/USD on breakout was liquidated to cut losses

-27 pips

EUR/CHF still holding waiting for reaction at TL

still holding floating loss of -16 pips
 
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