Trading plan

 Time to trade
 Pre-London
 London Open
 Pre-New York
 New York Open

 PARIS TO TRADE
 XAUUSD
 GBPJPY

 TIME FRAMES TO FOCUS ON

 Daily Or 4H Time Frame for directional Bias
 30 mins for Entries
 15 mins for trade management

 RISK MANAGEMENT
 Daliy risk: 2% risking 1% per trade.
 1-2 trades a day or MAX 3
 Using Static risk {predetermining the total risk in dollar value before placing a trade}
 Stop loss will be placed above or below the previous candle (30min) or below or above the current 30 min candle
on impulse entries.

 TRADE MANAGEMENT
 I will cut losses (preferably 50%) when candles(15M) start closing against my position OR when the market goes
more then 10 pips in my direction and retraces
 Back to my entry.
 I will trail my stop loss below or above the previous 30 / 15 mins candles as they close in my direction.
 I will close partial profits (80% or 90% ) as the market make money available for me and leave a small position to
run to build confidence.

 I am a consistent winner because:

- I objectively identify my edges.
 No rationalizations, justifications or building cases.
- I predefine the risk of every trade.
- Predetermining the total risk in dollar value before placing a trade.
- I completely accept the risk or I’m willing to scale back or to let go of the edge.
 Meaning, I’m completely free of conflict about the amount of money
I`m willing to spent to find out if this trade is going to work.
- I act on my edges without reservations or hesitation.
- I continually monitor my susceptibility to making trading errors.
- I pay myself as the market makes money available to me.
- I never violate these principles of success.