jng640 wrote: Wed Sep 01, 2021 8:13 pm
It's funny I'm in forex trading couple of years but I still never get success. Anyone can sharing his trading plan? in H4/Daily Time Frame? I don't really understand what is the trading plan mean...just follow the signals if the signals matched all the requirements, isn't it??
Maybe not having one is the problem.
Simply put it's a set of repeatable rules that determine trade size, entry and exit.
And has been tested over x number of trades and found to have a positive expectancy.
A plan backed by statistics becomes a 'profitable strategy'.
Without a plan you're relying on guess work and emotions hinged on lagging indicators and that doesn't tend to work out well at all. In fact it's guaranteed to fail.
Someone else's plan will be no good to you, a plan needs to be personal to suit your preferred markets, time frames, market cycles, etc.