March New Trading Plan

With the time differences and all thought I should formally write down my trading plan for the winter:

\***There is NO way I am going to deviate from this***/

Systems

1. Autoclick
2. Snatch
3. Other people's trades - 100k


AUTOCLICK (CAD, UK, USA)

Trading with The Muse for all releases

• Currenex: 500k
  
• TP once it has moved projected pips from the pre-release or pivot or half to BE
  
• Exit BE if not looking good or conflict ASAP
  
• Hard Stop 10 pips

Reports to trade are:

• CPI
• ISM Manufac
• Rate Change
• NFP
• Retail Sales
• GDP
• Durable Goods
• Consumer Confidence
• Trade Balance
• Industrial Production
• PMI Manufac
• PPI
  

SNATCH (GBP)

• Trading Hours

European Session: Tuesday - Friday --> 4pm - 7pm (by 3:30 all charts/platforms need to be up)

New York Session: Tuesday - Friday --> 9pm - 2am

· Range less then 100pips

· There is Economic News

• Risking a max of 2% of each trade
  
• 5mins before every 15min prepare for the trade checking STOPs and TPs and TRENDs
  
• Before news and with no news TAKE 10 PIPS or PIVOT
  
• Afters news TAKE 20 PIPS or PIVOT
  
• Stop 30 pips on BID
  
• Reversal: If there is pending news