How to Plan Your Trade?

[sitiz]

The basic knowledge is very important in every field because with out the basic knowledge no one can do any thing means if some one do work without know the basic knowledge they will not be success in it.

True, the basic knowledge about forex is very important for a trader to know the basic knowledge as a trader can make a particular trading technique that could produce my own profit making trade plan with the system of hedging in order to join the averaging due to the system is quite effective hedging results

[sitiz]

The basic knowledge is very important in every field because with out the basic knowledge no one can do any thing means if some one do work without know the basic knowledge they will not be success in it.

True, the basic knowledge about forex is very important for a trader to know the basic knowledge as a trader can make a particular trading technique that could produce my own profit making trade plan with the system of hedging in order to join the averaging due to the system is quite effective hedging results

[Maham Gill]

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.

wasa to forex trading main boht sari oppurnty ha es laya to haum na trading karta ha es laya to mauaja trading karta han es laya to muja trading main boht sara or mauaj sirf or sirf trading indicator ka bara main kuch samaj nahi a rhai ha.

[william88]

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.

I think u canot target the profit everyday,because market is something u cannot predict precisely..
If u target ur profit,sometimes u get irrational in taking the decision..
better u wait patiently for the signal to appears,then u take the position..

[puri]

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

[kali58907]

before trade i deeply observe the market condition,my commercial state and my desired values then i step up to financing in any thing which is more closure to my values

[iwan]

other than that, I always observe the current market conditions before deciding to enter the market. because it is very important to do, and also not to ignore the trend that is happening because the price usually reverses the trend is only a correction which is not very influential.

[anoha]

Trading in a good way to thank you for publishing. But I am now not follow any strategy only do I open two deals unlike some hedge and when do I Balamadaafh Thrcalcouk every 50 points and rest my nerves with this method..

[ishvara]

If we plan our trades prior to enter in the market than that will add more value in our trading like we can make more money because we can plan well our take profit and stop loss so trading become easy for us and we can enjoy our trading and once we enter into a trade after that we can concentrate on other pair.

In forex currency trading business, i believe that a trader should try their best to apply a kind of planning as they trade forex markets. Planning can help us to reduce our trading mistakes and then this would lead a trader to making better trading results.

[andhwrey]

there are many trader in Forex market. They don't know how to open a trade and how to close? what is the best time to enter the market and how to leave the market. This post help a lot in this matter

thats not corrects,everyone have assumptions and opinions,both are win or wrong at trades,but they will learn about mistakes and there always have buyers and sellers in many conditions
so our missions are about makes strongest sides both buy or sell positons