My Strategy Plan for Forex Trading
❖ Why am I trading?
My “why” is providing the best life I possibly can for my family; using my
resources to help others and be a core component of the resurgence of my
people here and abroad.
❖ What is my Approach?
I am a day trader: I will place trade positions based on price action and
technical analysis, using session Killzone's and dealing range for confirmation.
❖ What are my Objectives?
To have 30% win rate of my trade run 1:3risk / reward ratio , while maintaining
proper risk management.
❖ What Markets will I trade?
I will focus solely on my 2 pairs: US30 and XAUUSD.
❖ What Timeframes will I trade?
I will begin looking for market structure like CHOCH & BOS of continuation to
know where price is leading to and look for fvg inside the continuation leg to
continue from.
❖ What Setups will I trade?
I will only take trades base on recent leg like Fvg Types and Liquidity
SWEEP. Once price reach them then I'll take trade. If a trade setup doesn’t
meet my criteria, I will pass on it no matter what I feel emotionally.
❖ Entry Rules: only two(2) area that I look for entry
1. FVG TYPES that are overlapping with Other POI (OB,BB,MB &
Reclaimed OB), including: T1_T2_T3 & T4.
2. SWEEP OF LIQUIDITY: Previous Session High and Lows, Inducement &
Previous Candle High/Low(PXH/PXL) including:PSH/L_PDH/L_PWH/L &
PMH/L.
Entries
● 1. When there is a sweep : I will wait to see 1h fvg t1 or 15m t1
first and lower tf to look for 5m dr or 20dr for my entry
● 2. When there's no sweep: if it's 1h & 4h FVG, I will look for 5m dr
for my entry; if it's D,W & M fvg I will wait to see 4h fvg t1 first
and use 1h & 4h FVG entry to enter.
● Do not enter at the sweep of a session or place entries unless
it’s inside of an FVg or it’s at the tp or the M or W or D sweep
❖ Where will I place my Stops?
I will place my stops at the last swing High of dealing range if it's bearish
entries & If bullish entry I will place below swing low of dr.
❖ Risk Management Rules:
● My risk will not exceed 1% on any single trade, and I will not have more
than 3 positions open at once.
● Loss Limits:
o Daily Loss Limit: If I incur 2 consecutive losses or reach a total
loss of 2% of my account balance in a single day, I will stop
trading for the remainder of the day.
o Weekly Loss Limit: If I incur 3 consecutive losing days or a total
loss of 6% of my account balance in a single week, I will stop
trading for the remainder of the week.
❖ Trading Hours:
● I will focus on trading during the London and New York sessions,
specifically from 8:00 AM to 16:00 PM (my country time).
● Outside of these hours, I will not engage in any new trades unless there
is an exceptionally strong setup that aligns with my criteria.
● I will take regular breaks to avoid fatigue and maintain a clear mindset
during trading hours.
❖ Continuing Education:
I will review every day my losses And understand why I lost the trade And also
review the missing trades that I did not took.
