Hey i’m new to the forex market. And have some trouble with the developing of my trade plan. If it is possible to help me out with the next questions.
I’m working and testing differences trade system’s with;
a)
-Sma “crossover trading”
-Rsi
-Stochastic
b)
-fib lvl’s
-trend lines & channels
-rsi
Should i trade with one trade system or should i make some more. So if there are no good trade setups with trading system a. Could i simply trade if all the requirements are met for trading system b ??
What if patters like head and shoulders appear… Should i stick to the trade plans or make a special setup for every pattern en possible breakout ?
Thx a lot to reply, and sorry for the broken English
You are right often it’s confusing that should i strike with my trading plan?
One trading plan doesn’t work in all market situation…I think if you have 2 or more trading system find out that winch trading plan suits on which market situation.then chose a comfortable one fore one market environment.