EUR/CAD Long - Information on my trading for Followers included!

29 mar 2018I wanted to take a minute and introduce myself now that I am getting back into trading. I mainly trade FOREX currently but, have done options trading in the past. Below you will find my complete trading plan and would like your input. I started my technical trading journey 8 years ago. I found myself often taking $250 dollars and turning it into a a thousand and cashing it out. I have a new plan in life, a new life purpose one could say. Now, I am looking to build a nice account overtime. I started off with my real account like a lion this month up over 20% by the middle well in my goal of 40% for the month then, watched it drop to -10% currently. I have to say I am not worried about this as it is money I can lose. Anyway below will give you insight into my plan. Note the last few weeks have been hard to say the least lol. Hopefully, together we can break the FOREX market :)

Forex Plan – 3/29/18

Daily Procedure

1. Pray

2. Check open trades

3. Charting

4. Record information in trading notebook

5. Input Trades

6. Update FOREX spreadsheet

7. Do this both in the AM and PM during trading days

8. Repeat steps 2-7 for practice account

Charting

1. Weekly chart – Establish channel – Mark direction of movement on hourly chart

2. Daily – Establish if there is a secondary channel

3. Hourly – analyze – Trade only in direction of monthly and weekly channel – Use Fibs and Chart Patterns only.

4. All text must be placed on hourly chart

5. If a pair is stopped out re-chart that pair

Pairs to Trade

1. Only trade pairs with better than a 30 to 1 margin

2. Organize watchlist by win/loss percentage (FOREX spreadsheet) updated monthly

Placing Trades

1. Place only IF THAN OCO orders

2. Have a realistic Entry

3. Set Trade for 20/80

4. Do not trade if profit does not fit into analysis

5. Trade based on Wills how much to trade spreadsheet

6. If a trade cannot be traded in real account trade it in the virtual account

Payments for Cash Flow

1. Profit for the month <200 – 0%

2. Profit for the month >200 – 50%

3. Account over 50K at the end of week – Take 100% of profit

Current Forex Spread Sheet…




My how much to trade spreadsheet is just limits how many pair to trade in the real account at a time. My max is 4 active trades. The Forex Spreadsheet has the win/loss percentages for all the pairs I trade (Looks sad currently) I can send you the sheets if you like.

29 mar 2018

Komentarz

The oco orders pasted funny :P