TRADING PLAN

Type of trader: Swing/Intraday

Goal: To try my best to become a full time trader by studying the market day by day without
losing motivation and confidence. Keep believing in it by trusting the process. keep pushing,
by giving myself enough time without looking at other people or chasing what others are
doing. Not having time limits but instead I will give myself enough time to learn the skill and
hopefully quit my job.

Saturday & Sundays: Mark-up and analysis and choose the best setup for the week ahead.

Pairs:
● GBPJPY
● AUDUSD
● GOLD

Sometimes: EURUSD/GBPUSD. On rare occasions when I see a pair that matches my plan
with a clear setup.

RISK MANAGEMENT

● Risk per trade: 10 pips or 1-2% for each trade I take. If the trade is more than
15/20pips I won’t take it.
● Max exposure: 3-5 positions never above.
● Max loses per day: no more than 3-4 if I lose more than that I’m done for the day I
won’t look at the chart for the next day.
● Max amount of trades for the day: no more than 5.
● N. Winning trades before stopping for the day: Once I have 3-4 wins I’m done for the
day.
● N. Of losing trades before stopping: after 3 loses I’m quitting.
● Goal to make £50-70 a day. £200 for the week.

Pip Goal: Doesn’t matter to me as l have my R:R ratio being 1:5, I’m fine. The goal is to stay
consistent with my Risk Management.

Schedule: Trade 3 maximum 4 days a week During London and New York time. Will never
enter or consider a trade during Asia as it’s full of manipulation.
The goal is to trade Smart not often.

TRADING STRATEGY
● Trading System: SMC
● Follow the trend when buying/ selling by finding the OB in the trend direction without
guessing the price bias
● Time frame: I will use Daily, 4h for market direction. use 1h for setups 15mn for entry.
● Entry: 2 types, risk and confirmation entry
● Entry: I will identify the daily Bias. Enter when price respects OB on HTF which
becomes my POI obviously I will wait for the reaction before I enter as it could be
liquidity grab + I will wait for a clear BOS and refine my entry at the pullback after the
BOS.
● Be patient and trust the analysis
● DXY, JPY Basket for more confluence

DO NOT
● Experience FOMO
● Enter a trade after 19 PM
● Think about a losing trade but instead find the mistake
● Trade 30X a day
● Check a trade every 5mn
● Enter without having enough confluence
● Enter in a trade if I’m away or distracted as I did not analyse the chart at all
● Revenge trade
● Buy when price near lowest OB of sell when price is near highest OB
● Enter in another trade after a losing trade instead I will wait for price to give me more
confluences. Remember Trading is a game of Probability
● Get excited after a winning trade. Be happy but not excited as it will lead me to
overconfidence.

Stay disciplined, be motivated, stay consistent and change your Life.