This week

My strategy has been performing really poorly due to choppiness around the US open killing my positions and missing entries I think I managed to meet my goals for last week though. I kept my losses very small so all I really needed was a 5:1 risk reward to be in profit I had a 20% win rate but they were all quite small.

For next week I have a plan:

next week.

  1. Entry on the 1 min chart near hourly support/resistance in direction of the 1 hour 100MA
  2. take a maximum $1 (10 pip) loss - placed passed support/resistance
  3. move stop up to 50% of original stop after a 1:1
  4. on 5:1 set up a AVWAP from the entry and use that as your trailing stop
  5. have a hard 25:1 stop