Here is a trade plan for high impact news on Friday, October 6,2017 and starting the week Oct. 9, 2017.
I prepared Swing trade plan on the actual Support and Resistance,
that we expected price will bounces fast at that levels.
Here is a trade plan including price movement scenario, and we can read
Market Sentiment as a reflection the market participants will do what during that event.
This screenshot has many words to explain, and
people who understand to work with supply and demand would be able to get the benefit on it.
We are recommended to use technique CFK by limit orders to make sure we don't have late position.
Native technique in the markets.This is why Buy-Limit and Sell-Limit are provided in MetaTrader.
Let the market participants to decide price will hit there.
Is an area awaited by market participants, where a price is expensive and
valued by market participants is good to sell it, or as take profit (take advantage
of the difference in current prices with the price of the previous capital).
As the seller increases, the price will soon or gradually decline.
Is an area awaited by market participants, where a price is cheap and
assessed by market participants are good to be repurchased.
At certain times where market participants have gathered to buy,
the price will soon or gradually rise as demand increases.
This is not trade recommendation.
You can also create your own trade plan short-term or swing for any pairs, precious metal, stock, etc.
Why trade plan is required by traders?
- Prevent the occurrence of psychological problems and panic in viewing the chart,
- Because the problematic psychology will cause emotional trading and can make a lot of losses.
- Placement of order position can be in accordance with Market Sentiment and Actual SR which is combined with M/M and R/R rules.
- Our lives will be normal, have more free time, and not depressed :)
- and so on.
We don't need to draw anything in chart, because A2SR has a original concept for determining actual SR levels.
We will have plenty of time to overview the market and prepare a trade plan before entering daily trading.
Plan your trade, trade your plan
Actual SR as template file has been attached here.