How To create a Trading Plan every Friday evening
- Draw S/R lines on the chart of major pairs, start with weekly chart
- EURUSD, GBPUSD, AUDUSD, NZDUSD
- EURJPY, GBPJPY, AUDJPY, NZDJPY, USDJPY
- XAUUSD, XAGUSD, OILUSD
- Draw S/R lines on the chart on some of the crosses, start with weekly chart
- EURGBP, EURAUD, AUDNZD
- Mark potential moves on the chart, to help finding setups during the trading week ahead
- Make comments in the charts themselves
- Upload Charts to the blog
- Update prices of all traded pairs in the Trading Log (needed for correct position size calculation)
- Trade with strong momentum.
- Price must reject the 8 EMA and preferable the 21 EMA and a horizontal S/R level is a plus.
Guiding principles - Counter Trend Trades / Sideways Trading
- Price must be far away from the value area (EMAs).
- Price must have hit a horizontal supply / demand area to have a chance to reverse.
Guiding principles - Tradeable PA Setups
- PinBar
- Fakey with PinBar
- InsideBar / PinBar combo (That's the only valid InsideBar to trade!)
