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My Forex Trading Plan

This is my Forex trading vision statement.  I created this plan long time ago and have modified it over the years as I evaluated my trading style and strategies. 

Currency Pairs to Trade:
  • EUR/GBP
  • EUR/CHF
  • EUR/JPY
  • USD/CAD
  • AUD/USD
  • USD/JPY
  • EUR/USD
  • USD/CHF

Strategy:

Risk / Money Management:

  • 3% Rule - No more than 3% loss of account capital per trade

Trading Guidelines:

  • Candlestick chart patterns must confirm the divergence
  • No market orders
  • Use support / resistance lines and Bollinger Bands to set entry point
  • Must adjust stop loss daily when trades show profits.  Smaller profits are ok.  Don't be greedy.

 

 
 

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