This is a condensed version of my trading plan. I follow this plan faithfully every day, It is the foundation to my trading. I mentioned in my approach segment of this trading plan that I build my strategies based on the tactics within my playbook. All the tactics I use to build strategies I have listed here on tradingview and they are as followed: Chart...
My toolbox is a list of technical tools that I implement in my strategies. Each of these technical tools can be used separately or together depending on the strategy, understanding the purpose of each tool and knowing how to apply them within the market is crucial to their accuracy. Below is how I personally apply these technicol tools within my toolbox. ...
A opening range is when the market opens at a particular time such as for the year, month, week and day or session in forex. The market sets a high, a low and reviets those highs and lows but fails to break through creating the range. I personally need to see price test a level at least twice making a type of double top, double bottom forming the range. opening...
Breakouts and pullbacks are both points of entry. A breakout is when price sets a high and or low and later pushes through (breaking out) setting a new high or low. According to my personal trading plan, trading breakouts are more of an aggressive entry point due to the potential for false breakouts and possibly poor risk - reward. It is vital to wait for the...
All Warfare Is Based Upon Deception: This was spoke by the 6th century Chinese general Sun Tzu. "All my rules in trading and the foundation of my trading plan itself is based off the book The Art Of War". So how do I apply this quote to the markets: The goal in trading is to accurately predict the future price of an asset and to profit off your predictions....
An opening range is when the market opens at a particular time such as for the year, month, week and day or session in forex.The market sets a high, a low and reviets those highs and lows but fails to break through creating the range. I personally need to see price test a level at least twice making a type of double top, double bottom forming the range. opening...