Trading System: Saturday, July 24, 2010

1. trading Plan I will use the Strategies taught by Dynamic Trader to identify the overall trend direction. This is based on Price and Time Patterns following simple Elliot Wave theory.as breakout 30min 1hour 4hour daily and the appropriate time Most important look reversal trend daily only entry trading breakout 4hour =>1hour =>30min

reversal trend daily gbp/usd 29/05/2009-29/01/2010

2.trading Plan I will perform weekly weekend analysis to determine the Pattern and Trend and record what to look out for the coming week.

3. trading Plan I will use 1Bar Trailing High/Low to enter a 2 unit position only when the Dual Time Frame Momentum studies correlate, i.e. If the Daily is Bullish I will trading enter on the next 60m Bullish reversal.

4. trading Plan I will trading only risk maximum of 3% only capital exposure on any trade.but trading is sometimes 10-20% when trend Be obvious That the highest risk.

5.trading Plan I will only close the 2nd unit manually if there is a compelling reason to do so. Other times the SL will be adjust to allow the market to take me out as per the Price and Pattern.

6. trading Plan When trading Forex 4H system. I will trading not take counter trend trades.

4hour

7. trading Plan I will trade 1H Pattern Forex System and take only well formed trading Morning Stars and Evening Stars that correlate to the overall trend direction, i.e if the trend is up I will wait and take a Morning Star or Bullish Engulfing setup.

8.trading Plan I will trading not make any trades on Interest Rate decision day or Non-Farm Payroll days.

9. trading Plan If using trading 30min and 1H to enter a 4H MACD Trade, only take Trend Continuation(TC) setups.

1hour

10.trading Plan I will also set a Target Price when sleeping.

11. trading Plan Always wait if I miss a 4H entry, trading enter on 50% pull back of next 4H candle only. Otherwise no entry.

12.trading Plan Try to make trades that have less that 60pip or candle after trading breakout 30 min =>1 hour => 4 hour =>daily Stop Loss. Any more split positions or reduce stake size.
13.trading Plan I will looking trading reversal trend at a chart daily only breakout, double bottom, double top, head and shoulder, tripple top, tripple bottom, and trading at 4hour pullback with 1 hour and 30 min must be candle morningstar evenningstar enguling pattern end of the same. All the pullbck same
14.trading plan i use for currency eur/usd=>look usd/chf gbp/usd=>look gbp/jpy but look resistant support and Patterns other of usd/chf gbp/jpy don't trade

15.trading plan i look all currency at time frame daily only donwtrend or uptrend must more 3 months look candle bottom or top be morningstar,evenningstar, bullish engulfing, bearish engulfing only ,note candle breakout even more credibility,divergence or divergence three trading