Trading Plan GBPUSD 22092016
For the past three days, my trading plan focused only for
NZDCAD and
USDCAD. I can't sleep well while waiting for the
GIGANTIC IMPACT news for
FOMC, Official Cash Rate for NZD.
I managed to sleep only for two hours. Totally exhausting. Psychologically, I am really scared with the news impact.
After all, its worth of waiting.
Let's focused on
GBPUSD trading plan for today (22/09/2016).
Please do not ask me the Fibonacci settings, it is only a setup for myself.
**This chart is using
JUSTFOREX broker, seems it suits my trading plan and
Fibonacci settings.
I am looking for a
LONG SETUP / BUY SETUP using
(BUY LIMIT) if candlestick make a return to brown colored box. That is the suitable area to prepare for
BUY LIMIT.
As usual, for this trading plan, I am not putting any
STOP LOSS and my account are ready to absorb any impact.
ENTRY LEVEL FOR GBPUSD
Based on today (22/09/2016) chart, I have concluded that
entry level for GBPUSD potentially to go
LONG with
BUY LIMIT order at :
| No |
Entry |
TP1 |
TP2 |
TP3 |
| 1 |
1.29445 |
1.30785 |
1.31613 |
1.32947 |
| 2 |
1.29544 |
| 3 |
1.29640 |
| 4 |
1.29761 |
| 5 |
1.29859 |
| 6 |
1.29979 |
| 7 |
- |
You have to determine your own
STOP LOSS.
TAKE PROFIT
Don't be too depending on my
TAKE PROFIT level. It may varies with your expectation.
Take profit suggested at TP1. The important here is, your trading still in profit! If you are confident enough with another level of Take profit, you can opt in for TP2 or TP3.
For my case, let see how it goes with TP1. If there are any signs of candle, try to break the TP1 level, you may adjust your Take Profit level accordingly (manual adjust).
DISCLAIMER
My trading plan maybe won't suit to your trading style. Author won't be responsible for any damages / losses to your forex trading account. If you insist and still want to follow this trading plan, TRADE AT YOUR OWN RISK.
**Please use
JUSTFOREX broker for similarity on entry levels provided.
