I will try to show you in this post how my intra-day trading plan works and what exactly do i use in terms of risk,pairs,timeframes.
✅ What are my trading goals ?
My intraday trading goal is to close the day in GREEN, but if i see no opportunities i dont push the buttons just to get to a profitabile day.
Focus on making 1% a day this means 22% a month that is a lot just do your math and understand the power of consistency
✅ What timeframe do i use ?
My intra-day timeframes that i am using are H1/M30/M15 you need to
know which is your higher timeframe and execution time frame for me its M15, neither higher or lower.
✅ How long to hold trades ?
Usually in 80% of the trades i hit the stop loss or take profit order before the day ends, i can left a open position overnight only if it's secured risk.
✅ Which Currency Pairs to follow ?
As you are trading intra-day you need volatility and low spreads, i trade the most volatilite instruments such as nasdaq, gold, oil, gbpusd, gbpjpy, bitcoin on the session opening as the spread is lower during those hours.
✅ What is the Risk per Trade ?
When you are starting an intra-day account you have to know first of all what will be the risk you take in every trade, the session risk and finally the daily risk.
It's very important to RESPECT the daily risk rule as this keeps you in the game when the market conditions are bad.
What is your Trading Plan ??
✅ What are my trading goals ?
My intraday trading goal is to close the day in GREEN, but if i see no opportunities i dont push the buttons just to get to a profitabile day.
Focus on making 1% a day this means 22% a month that is a lot just do your math and understand the power of consistency
✅ What timeframe do i use ?
My intra-day timeframes that i am using are H1/M30/M15 you need to
know which is your higher timeframe and execution time frame for me its M15, neither higher or lower.
✅ How long to hold trades ?
Usually in 80% of the trades i hit the stop loss or take profit order before the day ends, i can left a open position overnight only if it's secured risk.
✅ Which Currency Pairs to follow ?
As you are trading intra-day you need volatility and low spreads, i trade the most volatilite instruments such as nasdaq, gold, oil, gbpusd, gbpjpy, bitcoin on the session opening as the spread is lower during those hours.
✅ What is the Risk per Trade ?
When you are starting an intra-day account you have to know first of all what will be the risk you take in every trade, the session risk and finally the daily risk.
It's very important to RESPECT the daily risk rule as this keeps you in the game when the market conditions are bad.
What is your Trading Plan ??