The Road back.....

Its been a long while since I bothered to update this blog... As always personal reasons have stopped me. No NO NO, I didnt go broke because of trading, but yes I did draw down my capital. The honest truth was that I just gave up. A looming divorce just broke me to be honest. 9 months later after being through the wringer a few times Im back in dogsville and I need to move. With all I have left in the world to lose, and  everything to gain, off I go.

Ok heres the challenge, I intend to turn 10,000 AUD into 1 million AUD.  NO gimicks, no miracles, no excuses. It Is all I have left in the world right now. It might take me 3 years, it may take me 5 years, it may take me 7 years, but I will do it. Persistance, continuity and compounding with strict risk management...

Well how? Pretty simple. The most liquid markets have per day 120-150 point ranges . The concept is to grab less than 1/4 of that range every day and more with that 1/4 guarenteed of course with the most minimal of risk possible. Then,  compound . I´m just starting this journey, so bare with me. I will of course share all I am looking at and using so anyone that cares can input and follow at their own perril..
FOREX IS NOT FOR THE UNINFORMED, YOU CAN LOSE MORE THAN YOUR INITIAL CAPITAL......
Look at me, it cost me my wife and family life....

The basis of the system is as per usual - moving avrages. They are the best trend based indicator and have served me well for over 10 years. Confirmation of the breaks is as usual a hard point. CCI seems at this point to be a viable indicator.  TP and SL will of course be tied to ATR and generalised movement noticed around the moving average of choice based on historical fluctuations.

Trade size will be managed by risk/reward ratios based on each pairs volatility.

Well there it is.... I begin work this week.. I hope you enjoy the journey.

Richard