JACKATK's ES Price Action Trend Trading

Hi guys,

This is my first trading journal. I'm gonna be trading the system found here:

My (incomplete) ES intraday trend trading system Hi All, I'm a brand new member. Thought I'd share where I'm at with my strategy development. I hope you guys can contribute any ideas so please comment away. The idea is to catch some decent intraday trends using only price action and …

I've decided my exit strategy is going to be 10 points with maximum 5 tick risk (8R). If I catch a big trend day In the direction of the daily chart trend I'll take 20 points (16R) even if I have to hold overnight for follow through momentum

Trade management: when price moves halfway to my target move stop to break even + 1 tick (to get my commission back)

I'm going to allow myself 3 trades a week to keep me from overtrading and train myself to cherrypick the good set-ups within the right conditions. Also means I can only lose 3.75 points a week.

I'll spend this week putting it all into a business plan and then update this thread when I'm ready to start.

Wish me luck

JACKATK