G.T.P.

TRADING PLAN
$1.2345 6
10000 PIPS 300 PIPS 5 PIPS .6pips
2000 PIPS 40 PIPS

1. THE TRADING ROUTINE

THIS HAPPENS BEFORE YOU EVEN START TRADING.
A. VISUALIZE YOUR W.H.Y (why are you getting up to
trade/ risk your money every trade day?)
B. PARTAKE IN ANY ACTIVITY THAT WILL CALM/CLEAR
YOUR MIND( prayer, mediation, listening to your favorite
song, dancing etc.)
C. FUEL YOUR BODY ( based on your diet) remember your
body is a temple.

2. THE TRADING MODEL

LET'S KEEP THIS SIMPLE!!!
A. WRITE DOWN ONE CONSISTENT ENTRY
TECHINQUE( KEY WORD CONSISTENT)(ALSO STICKING TO
ONE ENTRY TIMEFRAME MAY HELP)
EXAMPLE( SECOND LEG M/W FORMATIONS)
B. WRITE DOWN ONE WAY TO DETERMINE
YOUR DIRECTIONAL BIAS.(LEVEL COUNT) (STICKING TO
ONE TIMEFRAME MAY HELP HERE AS WELL)

3. THE RULES OF ENGAGEMENT

A. LIST REASONS WHY YOU WOULD ENTER A TRADE
BASE OFF THE ENTRY TECHINQUE YOU CHOSE ABOVE.
B. YOU WANT TO HAVE ATLEAST 3-5 REASONS TO ENTER
INTO A TRADE SET UP.
C. IF YOU CAN'T NAME THE SET UP YOU HAVE NO TRADE.
D. YOU WILL MISS TRADES JUST REMEMBER WE DON'T
CHASE THE BAG. WE WAIT UNTIL THE BAG COMES TO
US.( BAG = MONEY LOL).

4. TRADE RISK/MANAGEMENT
THIS HAPPENS BEFORE YOU ENTER A TRADE & WHILE
YOUR IN A TRADE.
A. DETERMINE YOUR RISK/REWARD BEFORE ENTERING
AN TRADE. ( so you should know your
lot size, stop loss and potential take profit before
pressing sell or buy.)
WRITE DOWN YOUR DAILY/WEELY PIP GOAL AND WHEN
YOU GET THAT
CLOSE SHOP, CLOSE THE LAPTOP & HEAD TO THE SPA.
B. WHILE IN A TRADE PLACE A TIME LIMIT ON HOW
LONG IT SHOULD TAKE TO BE IN SUBSTANTIAL PROFITS( I
use the two hour rule or 6 candles, unless I swing it). This
may vary from trader to trader.
C. WHILE IN A TRADE DETERMINE HOW YOU WILL
PROTECT YOUR EQUITY!( what do I mean by this... for
example after 20 pips in profit I like to put my stop 2 pips
in profit or partial out). Again this may vary from trader
to trader. Do not turn a good turn into a bad trade.
D. STOPLOSS ARE FINAL! (Your first stoploss will always
be the cheapest.) if you move your stoploss back you are
now taking on more risk...let's not do that if you take a
hit get them on the next one live to trade another day.
5. WITHDRAWAL PLAN
WE SHOULD ALL BE HERE TO TAKE
MONEY FROM THE MARKET PERIOD.
A. YOUR WITHDRAWAL PLAN SHOULD BE BASED OFF
YOUR WEEKLY PIP GOAL CONVERTED INTO A DOLLAR
AMOUNT BASE ON A CONSISTENT LOT SIZE.
EXAMPLE: WEEKLY PIP GOAL = 100 PIPS ON A STANDARD
LOT($10 PER PIP) WHICH IS $1000
FOR THE WEEK.
B. DETERMINE HOW MUCH YOU WILL TAKE OUT
SOME PEOPLE USE THE 80/20 RULE( So in this case take
out $800 dollars & leave $200 in the trading account.)
C. DETERMINE HOW YOU WILL MAKE THE WITHDRAWAL.

THIS IS A SIMPLE 5 STEP TRADING PLAN TEMPLATE I

HOPE IT HELPS.
#LETS GET THESE PIPS!!!!!!!
KEEP YOUR HEAD UP, IT ONLY GETS BETTER...