What's that smell? ---- I smell money!
AlanB trade plan and journal 64 replies
Plan the Trade and Trade the Plan: Swing Trading the Euro 5 replies
My backtest - optimisation - trade plan 0 replies
A realistic trade plan 6 replies
my trade plan for next week 47 replies
Otherwise I will use 1%.
-> If price moves up above the 0.78fib line I won't reduce my risk size but I will:
-> If I don't get an entry on EMA 5 / SMA 8 but I got stopped out by a retracement and there is no entry signal.
DislikedI have learnt that planning your trades and trading your plan is very important in forex trades, before placing trades sloploss and takeprofit must be in place and no matter what happen during trading both stop loss and takeprofit must not be adjusted to avoid greed and fears once this simple plan is follow is follow, I can bet you that you are on the road to success as I have currently discovered and am doing excellently and profitably well in forex as I now trade without emotions.Ignored
Disliked{quote} Hi enny, You are exactly right. I always use my stop loss and my risk size to calculate my lotsize. This is the most important thing. The trade management is also very important, I will adjust my stop loss but only in the right direction ofcourse.Ignored
Disliked{quote} Thanks SteFX85, attached is image showing why I think planning trades before placing is very important and I love your thread, I blown a few couple of live accounts hence am not going back to that lane again by allowing over trading, greed, fear and emotions in my trading. {image}Ignored