In this short article I will be addressing one of the keys to success in any business which is Money Management and Trade Management.

This really is something that is often glossed over as it can be quite quick to explain but is very often under valued or under appreciated as a consequence.

First off I want to explain how I manage my overall account equity.

Mentioned in a previous article was the Average True Range or ATR for short.  I also usually refer to this as the Average Days Range.

As with all strategy and methodologies there are some essentials you need to know before you can understand how to implement and follow my logic when trading.

Intraday Strategy Objective

The first thing you need to know is what my aim is for intraday trading set ups. What I'm trying to do is to capture the main thrust of the days movement.

The basic style of my trading is to look to capture the main thrust of the days movement on a given currency pair.