Thursday, June 11, 2015

Trading Plan

What would be my trading plan. 1. Morning technique of 5-15 pip set 5 pips above or below the opening price at the size of 0.01/0.05. Will increase to 0.10 should the technique proves workable. 2. Set up sell / buy stop / limit at 50-60 pips above / below the opening price based on the daily range. Set only 2 at 0.01 with 50/100 pips setup. 3. Hourly check on the trend and HH/LL with the day before to ensure proper entry on the spot. 4. Always keep an eye on the pin bar setup for any reversal, possible and entry with profit target 10 pips before the next support / resistance. 5. To reduce overtrading and floating as much as possible.

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