12/21

I have to figure out exactly what role trading plays in my life, along with writing, yoga and meditation.

I have to make a system for trading.

Part of my system now is buying at support -- as indicated first by trendlines and second by retracements. I would like to buy along the direction of the larger trend.

As part of the system, I need to clarify the time spent on trading (time of day and amount of time), the stops instituted, and what to do when I cannot watch.

I also need to know what kind of trade -- VST, ST, or IT, I am instituting.

And the amount of trading capital used.

One way would be to trade the Euro/USD on two time frames -- VST/ST and intermediate. ST with half capital. One unit when sure, two when very sure. Same with IT.

If a trade against the major trend, get in and out quickly!

If you are with the trend, wait, even if you don't get a great entry. Or build your entry over time, taking profits as you go.

The best is to get in the trend early in the trend.

Aim now is to build a short position in EURO/USD over 2-4 days but to trade it both ways until then, shorting at going long extremes.