After taking some time to recuperate physically, mentally, and spiritually I am once again excited to let you know my insight, reflection, and goals going forward.
I am always striving to be both introspective and bold with my trading strategy that has taken 100's of hours of hard work and pain-staking determination to implement and perfect.
I took 36 hours after cutting the AUDUSD trades at a loss to:
acknowledge to my mentor that I am fallible and need to accept where I can still improve and to deal truthfully in all my affairs
talk to fellow traders who I respect
debrief with a Risk Manager of portfolio managers in a Large Fund that manages 40 billion dollars
re-visit my technical analysis of associated currency pairs, equities, and commodities
re-read the financial news
and now respond to my clients
First, the sky isn't falling. This newest drawdown from new equity highs is a reality check and learning experience
I will become a better Risk Manager, Fund Manager, and Trade Copy Provider from this bad trade
My technical analysis on higher timeframes was more significant in this price extension move
I will actively scan for trade setups beginning Monday 19 March again
Cutting the losing trades fell well short of my Maximum expected drawdown, as I wanted to be more able to recover new equity highs within 3 to 6 weeks
As we were falling from new equity highs in the middle of a month, the High Water Mark is about 7 to 8% higher than where we currently sit
As you can see on the Technical Analysis screenshot attached, I could have halved the drawdown we suffered if I had been focusing on higher timeframes -- daily and 4H charts
As I have said in the past, I want to be an open, willing, and honest fund manager. I hate those PM's and FM's who parse words. So please be encouraged that I am firmly committed to reaching new equity highs using the same strategy that I have developed, while keeping an eye on being a positive force in the world of risk, obstacles, and brokenness.
If you would like to private message me, I will respond within 48 hours on Donna Forex, MQL5, SimpleTrader, and email --- firstname.lastname@example.org