DislikedSticking with the GBP/NZD, regarding a trading plan for the pair, in summary, looks like this: {image}Ignored
Thank you GEFx for you detailed response. I have a couple of questions though:
1. Say for the GBP/NZD pair would be using the same position sizing for both trading north and south? Or would be using larger sizes when trading north?
2. For all the subsequent entries do you keep the same position sizing or do you vary them?
3. When economic data are published which will impact your trading plan due to change in market structure do you abandon your current plan or see how the market reacts and then go back to the drawing board?
4. If market condition are favorable and multiple pairs are behaving as expected how many pairs would be trading at the same time? When trading multiple pairs do you keep the same position sizing across the board?