How to Plan Your Trade?

[taqiniazi]

There is different ways in planning a trade but this is how I do it.

A. This is the entry point determined by the MACD. There is no mystery
about the entry. When the MACD satisfy the rules as outlined in the 4
Hour MACD strategy document then enter.
B. This is our first area of partial profit taking. We have 3 barriers namely
the 8EMA, 21EMA and the price level of 1.2200 to overcome. Where
you set your partial profit taking is up to you. If you can watch it live you
can always decide real time otherwise set it at what you feel
comfortable with. The order of importance is price level first, then
21EMA and the 8EMA.
C. Next is the 89SMA and the price level of 1.2100. Both very important
but the 89SMA normally halts or turn the price around. At this stage I
will close everything except 20% of my position if there is still room to
go.
D. Just above D we have a trendline that should see our full position
closed. It could go to the 200SMA and the blue zone but only when live
in front of the computer will I give it still a chance below the trendline.



Take partial profit at B, then another at C and then closed out at D. It
completely ignored the 89SMA and went straight down to the trendline.
When the trendline was hit the MACD indicated a trade upwards with the
89SMA as first barrier and so on and so on and so on.

[naziafarhan]

Yes before going into trade everyone should make some planning and trade according to that. I have also a plan. I target a 50 pips profit or loss everyday and I try to make as quick as I can the profit. Then I stop trading.

[newentry]

MACD is good too, but i do not feel suitable with this, and then i just take stochastic and trendline for my trading..and i have been trading with using scalping then for it , i take a little target and it is easier touched by the trend

[jmsblack18]

MACD is good too, but i do not feel suitable with this, and then i just take stochastic and trendline for my trading..and i have been trading with using scalping then for it , i take a little target and it is easier touched by the trend

That is right. The MACD is good but in that strategy i will prefer the RSI to replace the MACD since in that chart many wrong and fake signal showed by MACD. Using MA as trendlines and RSI as entry point seems better than wait long time for MACD signal.

[ayakcalysta]

That is right. The MACD is good but in that strategy i will prefer the RSI to replace the MACD since in that chart many wrong and fake signal showed by MACD. Using MA as trendlines and RSI as entry point seems better than wait long time for MACD signal.

thanks for the information that you provide us, this information is very useful for novice traders are still learning forex deep, so I represent the new traders hoping to senior traders to share knowledge and good tricks in the forum.

[hmkowsar]

that is right .the MACD is good but in that strategy i will prefer the rsi to replace the MACD since in that chart many.

[dwik]

MACD is good too, but i do not feel suitable with this, and then i just take stochastic and trendline for my trading..and i have been trading with using scalping then for it , i take a little target and it is easier touched by the trend

when all it (MACD, stochastich, and trendline) is combination, in my opinion will result in signal for the open position of strength, and the larger the time frame used, the greater the degree of accuracy indicators.

I also like the style of scalping trading, because the risk is not as long term strategy

[nurhidayah]

when all it (MACD, stochastich, and trendline) is combination, in my opinion will result in signal for the open position of strength, and the larger the time frame used, the greater the degree of accuracy indicators.

I also like the style of scalping trading, because the risk is not as long term strategy

indeed for the risks we face can be of any transaction that we do this we must be able to adjust to some of the things we had to force it to become even better with the use of technical indicators that are not long-term

[SamMas]

yes agreed and commonly used risk of 2% for the indicator we use stickbar because it is simple and easy to read the movement of the rising and falling

[icank]

when all it (MACD, stochastich, and trendline) is combination, in my opinion will result in signal for the open position of strength, and the larger the time frame used, the greater the degree of accuracy indicators.

I also like the style of scalping trading, because the risk is not as long term strategy

I agree if you prefer to scalping. because every trader the right to determine which indicators are good in them. regardless of the indicators we use clear we must use simple guidelines. at the beginning of my trading using various indicators where appropriate. but after a try, it is not enough to learn everything right because the price action alone, so it can be managed. there is no magic indicator. we just need to do the following:

- Just use the daily chart as a holy grail.
- Using simple indicators such as MA and SO.
- Using a simple rule.
- Always patient and disciplined.