Here is a log of the trades I took and skipped. I will show pics of the trades I took and make comments on the ones I skipped. If the win % drops below 75% I will review my trading rules and begin again.
Rules for the Naked Flash / Mac:
1. 2 or more of these indicators on bar prior to entry bar - OBOS, Momo, ST, Velocity, PBA, Flash/Mac (back to back), HOD/LOD, Rico
2. Flash/Mac on following bar (entry bar).
3. Not hugging HOD or LOD. I will not take any setups unless the bar prior to the entry bar closes in the opposite direction of the trend. (i.e. uptrend and the bar prior closes lower than it opened - red candle- at HOD).
4. These trades may also be IT setups
5. Initial Target +5; Stop -7
6. Trade Management:
..a. Trade goes +5 move to BE+1
..b. Bar closes opposite direction of trade move stop to -5.
Please NO comments on this thread since it is a log only. I don't want it crowded with commentary.
If you have any questions or feedback, please send me a message or comment in the Skype room.