Uploaded by nyarthib

TRADING PLAN

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TRADING PLAN
My trading day
1. Get up early – around 7am. Go over my morning routine.
Breathe deep and enjoy all the good things in life!
2. Meditate and get concentrated – if I don’t feel well –don’t
trade!
3. Read my “Before trading checklist” and make sure I know
every single point of it!
4. Check out News Calendar and mark if there is any red news
(H).
5. Start analyzing. Delete every analyzed pair and do it again so
that a story will be built. Be much focused and adhere to all the
criteria!
6. Select one 1 to 3 setups, which I completely understand! Write
down how I would like to trade them in my journal and note
every move from then on. Focus on the move and what I want
to see. If it develops – perfect, if not – let go!!
7. Wait very patiently for the price to develop. I trade around NY
open, so relax until then! NO RUSH NEEDED!! Possible entries
late at night as well.
TRADING SYSTEM
 Weekly key levels, support and resistance. Mark any wick
support/ resistance levels and see if there is a reaction.
Follow the weekly candles and get to know what is about to
potentially happen. Mark the key levels
 Step down to D1, where the analysis begins:
- Plot trend-lines (from wick to wick). The best set up is
having a 3rd touch on the TL.
- Which trend is on D1? HLs or LHs? Look for the overall
trend. What do we expect now? A new HH or LL? Always
keep in mind the D1 trend!
 Candlestick formations. What are the candles telling us on
D1? Check for morning/ evening star, spin tops, dojis and
engulfing candles.
- Remember it’s more important where it is then what it is!
- Candle formation have 85% win rate on D1 and 75% on 4H
 D1 Fibonacci-if there are clear swings, place your fib. The
more they correspond with playgrounds, the better.
Important Notes
 NO TRADES on Monday and Friday!
 When feeling impatient and pumped
I AM A CONSISTENT WINNER BECAUSE:
1. I objectively identify my edges. The way to be objective is to
operate out of beliefs that keep my expectations neutral and
to always take the unknown forces into consideration.
2. I completely accept risk or I am willing to let go of the trade.
3. I act on my edges without reservation or hesitation.
4. I pay myself as the market makes money available for me.
5. I continually monitor my behavior after making errors.
6. I understand the absolute necessity of these principles of
consistent SUCCESS and therefore I shall never violate them!!
M.D’ Rules
1. Anything can happen.
2. I don’t need to know what is going to happen next in order to
make money.
3. There is a random distribution between wins and losses for any
given set of variables that define an edge.
4. An edge is nothing more than an indication of HIGHER
PROBABILITY of one thing happening over another. Always put
odds in my favor before entering a trade!
5. Every moment in the market is unique
AND LASTLY,
I’M THE NEXT 19YEAR OLD MILLIONAIRE!!!!
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