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    Trading Plan: "Plan The Trade, Trade The Plan"

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    محمد سعد طه احمد
    This document outlines a comprehensive trading plan with the following key points: 1. The trader vows to strictly follow the developed plan and never deviate from its strategies and principles. 2. The plan sets goals of making 2R per day and 10% monthly returns by day trading major currency pairs during the American session using 30m, 1h, and 4h timeframes. 3. Risk management and trade setup guidelines are clearly defined, including a maximum 0.5% risk per trade, hard stops, and no more than 2 open positions. Profits will be taken at 2R and losses cut at 1R.

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    Trading Plan: "Plan The Trade, Trade The Plan"

    Uploaded by

    محمد سعد طه احمد
    601 views7 pages
    This document outlines a comprehensive trading plan with the following key points: 1. The trader vows to strictly follow the developed plan and never deviate from its strategies and principles. 2. The plan sets goals of making 2R per day and 10% monthly returns by day trading major currency pairs during the American session using 30m, 1h, and 4h timeframes. 3. Risk management and trade setup guidelines are clearly defined, including a maximum 0.5% risk per trade, hard stops, and no more than 2 open positions. Profits will be taken at 2R and losses cut at 1R.

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    This document outlines a comprehensive trading plan with the following key points: 1. The trader vows to strictly follow the developed plan and never deviate from its strategies and principles. 2. The plan sets goals of making 2R per day and 10% monthly returns by day trading major currency pairs during the American session using 30m, 1h, and 4h timeframes. 3. Risk management and trade setup guidelines are clearly defined, including a maximum 0.5% risk per trade, hard stops, and no more than 2 open positions. Profits will be taken at 2R and losses cut at 1R.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    601 views7 pages

    Trading Plan: "Plan The Trade, Trade The Plan"

    Uploaded by

    محمد سعد طه احمد
    This document outlines a comprehensive trading plan with the following key points: 1. The trader vows to strictly follow the developed plan and never deviate from its strategies and principles. 2. The plan sets goals of making 2R per day and 10% monthly returns by day trading major currency pairs during the American session using 30m, 1h, and 4h timeframes. 3. Risk management and trade setup guidelines are clearly defined, including a maximum 0.5% risk per trade, hard stops, and no more than 2 open positions. Profits will be taken at 2R and losses cut at 1R.

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    © All Rights Reserved
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    of 7

    TRADING PLAN

    “Plan the trade, trade the plan”


    10th of Sep 2020 - 17th of June 2021
    8:35 PM

    VOW
    I vow that I will follow the plan that I have developed by
    myself and that I will never ever break it or deviate
    from its points and perceptions, no matter
    how bad or unimportant they are.

    Spring of 2021
    4th of March
    9:45 AM

    TRADERS CREED
    Personal Affirmations
    "I am a consistent winner.
    I identify my edge. I am mindful, patient & focused. I predefine my risk
    and plan the trade.
    I have a series of trades perspective.
    I think in probabilities
    I am a professional consistent trader, I generate an income I can rely
    on."

    Summer of 2021
    27th of June
    12:58 PM

    Weekly goals
    Monday:
    Meditation
    Overview market
    -news for week
    Set up charts
    Read book
    Review the monthly plan
    Trade

    Tuesday:
    Trade
    Overview the gold
    Read book
    Trade

    Wednesday:
    Trade
    Read book
    Trade

    Thursday:
    Meditation
    Trade
    Read book
    Trade

    Friday:
    Trade if there is good opportunity
    Read book

    Saturday:
    Meditation in market in advanced theories
    Sunday:
    Sermon
    Enjoy <3

    THE TRADING PLAN


    The first GOAL: is to protect my capital, then make money

    My TARGET: is to make 2R per day (or to make 10 pips a day at least)

    THE MONTHLY TARGET: is to make 10% of my capital

    My PREMARKET ROUTINE: is 10 minutes of mindfulness meditation to get into a focused flow


    state
    THE TRADING SESSION: American session

    My STRATEGY: is Range/trend breakout and trend trading

    TIME FRAME: that I’ll use for enter are: 30m,1H,4H

    INDICATORS : I’ll use: maybe just moving average 50

    The MARKET TO TRADE: Ill trade the FX market which are major currencies EUR/USD,
    AUD/USD, USD/JPY and Ill refer the EUR/USD the most time

    The MARKET CONDITIONS: that I looking for is high volatility with momentum

    My SETUPS: are: 30 minutes 1-hour trend trading, bear and/or bull flags, flat top and/or flat bottom
    breakouts, range breakouts, trendline breaks.

    My RISK MANAGEMENT: No more than 0.5% risk of my account on a trade. Whereby 1R=
    0.5%. I will utilise hard stops and have no more than 2 open trades at 1 time.

    My ENTRIES: As per the setups together with the 20 Moving average of 15-minute chart.

    What are my EXITS: I will set a take profit order at my profit target. Whereby my risk: profit is 1:2
    Risking 1R to make 2R. I will also set a hard stop at my risk point

    Other KEY POINTS: To cut my losers if they become apparent and let my winners run.

    MY GOLDEN RULES: To follow my trade plan and trade mindfully. If I become emotional
    trading, I will walk away.

    POST-MARKET ROUTINE: To track trade results, review and journal performance.

    Techniques and tools that I use

    -Classic analysis (S&R, Tradelines)


    -Candlestick patterns
    -Price patterns
    -Fibo retracement

    Setups

    Setup A: when RRR is 2:1


    Setup B: when RRR is 1.5:1
    Setup C: when RRR is 1:1
    Setup T: when RRR is 3:1

    Problems of trading
    -FOMO (Fear of missing out): You know that it's not a valid trade yet until your trading
    plan tells you otherwise.
    -Missing trades: You are organized, use price alerts and know the best opportunities in
    advance.
    -Being too scared: You enter with confidence and know that a trade is based on your
    rules.
    -Breaking rules: You don't break your rules easily because you know that you have to
    follow your plan and everything else is amateur behavior.
    -Flipping through timeframes: You don't waste time and randomly hunt for signals. You
    know exactly what to look for.

    Feedback

    The feedback is reviewed after every trade to check the reason behind the trade
    win or lose then it go back to the strategy structure itself.

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