Janqie's trading plan

Hello,

First of all I want to thank FF forum and all the people on it. This forum is amazing and the best I’ve seen. Since I am still newbie in forex trading I am creating this forex journal to learn more and track the trades I am taking. I thing that everything you do you have to have your “business plan” and its not only for forex trading. So this is my forex plan.

CHARTS

Currency Major
Time frame 15
Indicators 20 60 EMA, Woodie cci Panel, SideWinder, CZI (chop zone indicator)

PLAN

I am trading price bounce of 20 or 60 EMA.

I will trade in the morning 8 - 12 Gmt +1


RULES

 

1. We need a trend witch we define with CCI. We need 6 bars above or below 0 line and 1 bar over 100 .
2. CZI need to be blue for longs and brown for shorts
3. We need to get back to the zero line on cci, and to the 20 or 60 EMA on price
4. Then we watch bull and bear fight near EMA
5. If we have doji pin or other reversal clues we enter the trade

We put stop loss 15 pips and profit 20 pips + spread


First chart

We have down trend then going back to EMA. We see bear and bull fight and its not over 100 line so its still down trend. We enter the trade with 15 stop and 20 proofit

Second chart

Its an exeption. We have all the criteria near EMA but on CCI we are over 200 and 6 bars below zero line. we could say its down trend but then we are over 200 points on CCI we are in oversold condition also we have here about 60 of fib retracement of previous move so we enter the trade long

Few minutes earlier i took two trdes gpb and eur. Both weary beautiful!
GbpUsd = 20 pips
EurUsd = 15 pips
Total = 35 pips

So its nice start

Weary nice morning here in lithuania and nice quick 15 pips

Have to add one rule
Then we are near Ema and waiting for entry CZI must be in trend color.this gives higher probability

Looks like god setup

End of day 2
2 trades
Proofit = 30 pips
total = 65 pips