I finally did it.

[Burtakus]

I base my trade size on where I want to place my stops. So if I want a tight stop I assign a high value to my $/pip and if I want a loose stop I reduce the value of a pip. As far as a set number of pips that is used for every trade, there isn't one.

I can only do this because my broker does not have fixed lot sizes. Therefore if I wanted to do this with another broker I would need a significant amount of more capital to trade with.

Likse I said eaarlier, the plan is not concrete, ther eis some flexibility in stop placement based on my own judgement.

[tech/a]

Interested to see if your method is still doing OK.

[Burtakus]

tech/a,

I wanted to wait for a full weeks worth of trading. Results would have been better if I would have followed my rules by not trading two positions that were both short the dollar this morning. The PMI announcement really hurt performance.

[Gamma_Jammer]

Firstly I wouldjust like to echo Mick's comments and congratulate you. Putting together a coherent plan is a good step and actually sticking to it is the one thing many traders (even experienced professionals who ought to know better) find difficult.

One really nitpicking minor thing occurred to me though. I noticed that the last trade on your list was USD/DKK. Apologies if you were already aware of this, but as EUR/DKK (the pair much more widely quoted in the interbank market) really doesnt move a whole lot (sometimes only 2-3 pips a day), if you have a position in USD/DKK you effectively pretty much have a straight EUR/USD position really. And the only time this won't be true is usually when something big is going on in the local market (M+A flow or something) and sods law (in which I am a firm beleiver) will dictate that the average private inividual will find themselves on the wrong side of this flow more often than not. I also don't know whether the spreads are a lot wider in the Scandies on whatever platform you are using, but if so, you may be better off ignoring it.

Cue deluge of abuse from pure chartists :-)