Day trading Plan Emmanuel Masinda

Objectives OBJECTIVE:
and Generate consistent daily income through short-term trades.
Goals
GOALS:
• Achieve a daily profit target of [amount] or [percentage].
• Limit daily losses to 3%.
• Maintain a monthly average return of [percentage].
TIMEFRAME 1. CHART TIMEFRAMES:
Utilize W1,D1,H4, 15-minutes and 1-minutes charts for trade analysis

STRATEGIES 2. TECHNICAL ANALYSIS:

MAPPING PROCESS
HTF-> Narrative (continuation or pullback phase?)
Map current Swing Internal ranges + P&D
Map relevant S&D zones
Map relevant LQ sweeps & available LQ pools
Set alerts on HTF POIS & key levels

MTF -> Immediate Bias + POIs (fulfils HTF objective)

Repeat HTF process
Set alerts on MTF POIS & key levels

LTF -> Execution for MTF POIs + Ideas

Wait for MTF POI mitigation
Trade entry model

3. POI SELECTION:
Strict minimum criteria:
Engulfed or STB,BTS method (pivot or range?)
Led to a break of structure (CHOCH/I-BOS/BOS)
Added confluence:
Flip
Swept LQ
Available strong LQ (Inducement)
Stacked with a HTF zone
Pricing (P&D)
Chain

What is the overall narrative? (PT/CT, COF, HTF&MTF alignement ?)

FAQ POI
Trend /OF continuation or just reaction for a pullback?
What structure did it break? (FRACTAL/Internal/swing)
Did it cause a strong momentum shift? (Overwhelming imbalance between S&D)
Did it cause a Flip? (how significant was the zone it flipped?)
Did the POI take LQ ? (Sweep zone)
Does the POI have available LQ ?(Inducemenent)
Is it well priced? (P&D/EXTREMES
Stacked with a HTF Zone ?
Part of a chain ? (Series of mitigation)
Unmitigated? (Fresh /just efficient PA when created /already had reaction)
Price develivery to the zone (corrective /impulsive)
What’s been mitigated? (Is the objective now likely complete & ready to reverse)
Who is in control?(supply or demand?)
Cause for higher lower price? (weak structure /unmitigated POIs behind /available LQ pools)
Where was LQ taken ? Where is available LQ ? Who is being induced ?
Entry and exit 3.ENTRY CONFIRMATION
Criteria
LTF EXECUTION

MTF mitigation
Wait for entry model (RE/CE [LQ-EM 2A etc])
Liquidity must be taken before entry (?)
V-shape (momentum out)
CHOCH
SET entry limit on edge/25%/EQ/body
SL behind entry zone

1. PROFIT TARGETS:
Set profit targets at 10R above entry, considering reward-to-risk
ratio.
2. EXIT RULES:
Exit the trade if it hits the profit target or stop-loss level.

1. DAILY LOSS LIMIT:

RISK
MANAGEMENT Set a maximum daily loss limit of 3 losses per day.
2. POSITION SIZING:
Use fixed fractional position sizing, risking 0.5% of trading capital per trade.
3. STOP-LOSS:
Place stop-loss orders 2 pip SL minimum away from entry points to limit potential losses.
OTHER RULLERS
Max 3 losses per Day
Risk 0.5% per trade
No entries <30mins pre-high-impact news

Example:
TRADE
MANAGEMENT PT/POF>10R
CT/COF>5R
(Adjust if key level near target)
Trail to BE (or behind LTF strong H/L) after break of LTF pullback H/L

SESSION(S) DAY> 7-10AM (LDN) & 12-4PM (NY)

Swing> 7AM-5PM (LDN+NY)
(DRC time)
Review and 1. POST-MARKET ANALYSIS:
Adaptation Review trades after market close, analyzing wins, losses, and decisions.

2. LESSON INTEGRATION:
Implement lessons learned into future trading sessions and adapt strategies as
needed.

3. JOURNAL:
Maintain a trading journal to document trades, outcomes, and lessons.

Emotion 1. PSYCHOLOGICAL STATE:

Management Avoid trading when emotional, tired, or distracted.

2. DISCIPLINE:
Stick to the trading plan’s rules even during volatile market periods.

3. PATIENCE:
Exercise patience and discipline, waiting for high-probability setups.

Additional 1. MARKET EVENTS:

Notes Be mindful of major economic events like Non-Farm Payrolls (NFP) releases, central
bank interest rate decisions, GDP reports, and corporate earnings releases, as they can
substantially impact market volatility and direction during day trading.

2. CONTINUOUS LEARNING:
Continuously staying informed about emerging trading strategies, market trends, and
technological advancements ensures you remain adaptable in the ever-evolving
trading landscape.

3. MINDSET:
Practice mental resilience and discipline, viewing trading as a long-term journey.

FONDAMENTAL ANALYSIS
Unemployment Claims/Initial Jobless Claims (USD) November 2nd EURUSD
USD �✅
(8:30 am ET)
- Unemployment Claims

�Previous.: 212K
�Forecast.: 210K

�Actual.: 217K

Insights:
Lower Unemployment Claims -> Stronger USD
Higher Unemployment Claims -> Weaker USD

The current Actual data could lead to a weaker

USD meaning higher prices for xxx/USD
instruments.

Weaker > bullish

Stronger > bearish

DURATION: 32Min (14h00-14h32)

PAIR : EURUSD ; XAUUSD
 INFLATION RATE/CONSUMER PRICE INDEX (CPI) USD JUNE 13 EURUSD

Some useful insights of the CPI data USD:

�Previous CPI y/y: 4.9%

�Forecasted CPI y/y: 4.1%

�Actual: 4.0%
If lower than forecasted or previous, that could weaken the USD

If it’s higher than forecasted, or higher than the previous, that

could strengthen the USD.

Stronger USD leads to lower prices on xxxUSD �

Weaker USD leads to higher prices on xxxUSD. �

We see a lower forecast than it was in the previous right now

which means that xxxUSD might make higher prices.

That’s a potential bullish EUR/USD, XAU/USD, GBP/USD… and so

on.

DURATION : 33min (~14H00-14H33 UTC+1)

PAIR : EURUSD ; XAUUSD

EURUSD
TP : 30 PIPS SL :10 PIPS
XAUUSD
TP: 100PIPS SL:30pips