Mouro Trading Journal

This is my personal trading log that I have made public, none of these trades are recommendations for your own trading. You are responsible for your own trading decisions and actions. Not me. This blog is my way of journaling because I am lazy and I don't know a better way of staying motivated to do it. I post daily and 4hr charts with Acceleration bands (20 prd), %R (30 Prd), and other indicators. I use Price Headley's methods and my favorite setups are %R retests outside the Accel bands.

Showing posts with label strategy. Show all posts

Monday, July 19, 2010

Ideas for profit taking

You will forgive me for at times writing shit that may not make sense at all to you. I am developing a trading strategy and I am back-testing it incessantly.

So I will chicken scratch my thoughts on the strategy on this blog since this is my trading journal and I can do with it what I want...y'a hear?

OK...Profit taking idea:

Maybe let the trade ride until the trend is confirmed in the opposite direction by a new entry signal...unless the original trigger bar's stop is violated.

For now I am paper trading based on taking the trade off at any setup in the opposite direction...

This may be one way to refine the strategy and reduce chop.

Don't worry one day I will sell this strategy on the internets...and you all will get a discount.