Trade Plan

Example
 Trade Plan
Why is a trade plan important?
This is going to be Unique to you
but here is an example of my own
personal trade plan. Remember,
my trade plan may not be for
everyone and its not designed to
be which is why it wasn't shared as
its personal to me.
You have been given the tools but
it is down to you to find what pairs
what entry types and what style of
trader you want to be. I want you
to be independent, no a follower.
Hope this helps structure your own
plan.
 Trade Plan
Wake up roughly 6-6:30AM

How am I feeling? Anything

wrong? Am I alert?

What do I need to do today outside

of trading?

What are my priorities?

Do I have time to trade today?

Am I fully with it today to safely

trade without any stupidness?

Ensure 100% focus when trading

 Trade Plan
Type of trade in order of preference:

Swing (1)
Intraday (2)
Scalp (Never, Tanz avoid this you are not
good at scalping)

Time frames:

Weekly, daily 4 hour for POI

Entry 5m and below

Entry type:

Risk Entry - Only if not able to at the screen

or phone

Confirmation Entry - Always if possible

 Trade Plan
Pairs:
Majors only

Use other pairs for observing and for students.

Not for yourself, unless there is nothing available
on major pairs and you are bored.

Risk:
1-2%

Counter or Pro trend:

Both - No preference

Daily loss:
-3r Max

Review Trades End of Day and note psychology

and performance.

Sessions:
Set up london first 2-3 hours.
US session - 2-3 hours. Overlap
Set alerts during this chart time.
Dont trade outside this.
 Trade Plan
Confidence:

If all rules met - Take the trade

Any doubt - avoid that mate

Win or lose note psychology

Partials:
Structure point at 1:10 close 5r if counter.
Pro trend, take partials conservatively on
higher time frame structure

Charity and FTMO account:

0.5% risk
Higher time frame POI trades only
 Trade Plan
Tanz do not trade:

If not well - Win rate is stupid. Don't do it.

Don't force a trade

When in hospital

If all rules arent met

Ignore others charts

If distracted

Under pressure

Missus being a Wasteman

If cant see a set up clear on phone and cant

access PC
 Trade Plan

Now this is my basic go to plan.

As mentioned I don't want you guys to be
exact replicas cause you are not me and I
am not you.
However, I hope this helps you structure a
plan for yourself.
Once you make a plan, Stick to it.
Do not try and copy plans of others.
Understand when you trade best and what
brings the best out of you. This will be
established with time and journalling your
journey as a trader. Be as lenient or as strict
as possible.