A Thesis Of A Trade: Developing A Story For Each TradeThe plan is the same, but each pair has a different story and different thesis. Previously, I have reported that I open a batch of trades and closing them all when I reach a certain profit percentage based on the Stochastic Plan.
Last week the batch stayed negative, but all are still within the plan and not a single one broke the idea of the reason why they were opened. This opened the door for me to start treating each trade on its own instead of opening and closing batches. This is something that I wanted to implement but did not have the heart for it, especially that this is the first time for me to trade the scary daily time frame.
Today is Monday, and accidentally it is the 1st of the month, and the 1st of December. This month I am going to try to keep at the methodology of treating each trade independently and create a thesis for each trade.
Such a methodology with a thesis for each trade allows, as one of the comments of one of my previous videos here suggested, to create structural Stop Loss and Take Profit points. The thesis will tell a story of the pair. Why I opened the trade and where do I see it going based on the stochastic trigger and the chart elements.
The thesis will also show when is the thesis going to be negated and no more stands and therefore needs to be stopped even at a loss. A break of thesis means that the reason why a trade was opened no longer exists and I need to get out of it.
In the same manner, the thesis will look at the chart elements and see potential areas where the price might stop moving in my direction and this is again a point where I would close the trade in my favor.
Everyday now I feel closer to reaching a solid Forex trading plan that I can depend on, and the day of funding a live account is getting closer. I am looking at funding an account by the end of this month to start the year 2026 trading live.
