How to Plan Your Trade?

[waqar arif]

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.

Attachment 799

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.

you seems to have a very good strategy going on..i would also like to try this strategy and would see the results as what are the results ..tell me about the results of this strategy also as how much this strategy is profitable...thanks a lot

[xomes]

think don't follow some one Else's trading advice blindly just because some one may be doing well with their method. it doesn't mean it will work for you. we all have different market views, through processes, risk tolerance levels and market experience.

without this study there will be no much experience, so like all other fields, forex trader should study economics, stats and there should be special forex schools !

[aisfx]

a trading plan is necessary for any traders in this business,it helped us to manage our capital manage how much loss that we can afford and manage our profit to growth our capital too,but the important thing is that we must discipline to it,because a good trading plan would be a disaster if we didn't do it with discipline to obey our own rules.

forex trader must have a trading plan and be able to calculate the risk of forex trading, profit targets by analysis, Trade with the discipline, trading strategies and money management using a controlled, forex practice with discipline and enthusiasm to learn and get used to wearing appropriate stop loss of capital

[waqtitrader]

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.

Attachment 799

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.

mainne to kafi achi information hasil ki hane app ki es post se par main ap ko yahi kahoun ga main es se pehley main ne koi bhi position open karni hoti thi na to main sahi baat ha k forex trading main jo ha na sahi tor par analysis karta tha us k bad he koi position open karta tha or ye analysis main indecators ko dekh k he karta houn

[nirmaldu]

Plan Your Trade and Trademy Plan. Traders who carefully plan each trade have a much better chance of winning in the stock market. It's impossible to avoid disaster without trading rules - make sure i know how to devise them form myself.

[FREEDOM]

I make a trading plan base on trading system and some support from news released. Usually i use pending orders to stick the market and combine with stop lost and take profit function. They help me from watching the chart all the time and i can do another activities.

[truegoa]

Your explanation interesting. In the picture you show, you just use a Time Frame. Is not the need to use some of our Trading Time Frame? Why do not we use or daily H4 Time Frame ...

As long as a single timeframe can be managed to build our strategy in its best performes, then it will be good. Some traders feel comfort using some chart with different timeframe at one moment, but some other traders just need to use single chart. Actually, we can use some different chart to determine the global trend, as a confirmation chart and as a execution chart. That will be very depended to every traders' strategy for sure.

[nyiel100]

a trading plan is necessary for any traders in this business,it helped us to manage our capital manage how much loss that we can afford and manage our profit to growth our capital too,but the important thing is that we must discipline to it,because a good trading plan would be a disaster if we didn't do it with discipline to obey our own rules.

[seeker]

success is bound to come a traders way if otherwise its ends up being the judas goat that leads the innocents sheep to the slaughter house.. if ends up being the judas goat that leads the innocent sheep to the slaughter house..

[jo9y]

I think don't follow some one Else's trading advice blindly just because some one may be doing well with their method. it doesn't mean it will work for you. we all have different market views, through processes, risk tolerance levels and market experience.