Over the years i have developed my own trading plan (tweaking and researching through forums and websites) that fits my personality, which the hardest thing to do. The goal is to reach the point where trading becomes emotionless and robotic. A lot easier said than done! Well lets just get into my NEW trading strategy that i have been using with some success and if anyone would like to comment or if you have any helpful ideas to contribute to the trading plan, feel free.
Let us begin!
MONEY MANAGEMENT: The most important part of ANY business plan is money management and how you will overcome losses and wins. I risk no more than 3-5% per day, which means i risk about 1-2%/trade each day (2-3 losses in a row, i call it a day). You must of strict money management rules or you will not last long in this game!
INDICATORS/CHART SET UP: I have two 22’’ widescreen monitors that i use primarily for the pairs i watch each and every day. Here are the charts:
(all charts have BBANDS, 21 MAs, and an oscillator found somewhere online lol check images)
I use the same indicators on all charts, the same template. I will attach soon, if this thread gets any attention.
I will be adding my entry and exit rules very soon!
Well lets just get into my NEW trading strategy that i have been using with some success and if anyone would like to comment or if you have any helpful ideas to contribute to the trading plan, feel free.
