Scribd
Upload
120 views9 pages

A Complete Trading Plan @l3xustrades

TRADING PLAN LEXUS

Uploaded by

edmilsonsolid
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
120 views9 pages

A Complete Trading Plan @l3xustrades

TRADING PLAN LEXUS

Uploaded by

edmilsonsolid
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 9

@L3XUSTRADES

A COMPLETE
TRADING PLAN
TELEGRAM:
http://t.me/L3XUSFX
http://t.me/L3XUSTRADES
@L3XUSTRADES

CONTENTS

1. IDENTIFY MARKET DIRECTION


2. MARK HTF ZONES
3. MONITOR LTF PA
4. ENTRY CONFIRMATIONS
5. RISK MANAGEMENT
6. PSYCHOLOGY
@L3XUSTRADES

IDENTIFY MARKET DIRECTION


IDENTIFY THE LAST ENGULFING ON DAILY TIMEFRAME
IF LAST DAILY ENGULFING FORMED IS BULLISH THEN MARKET DIRECTION
IS UPTREND AND YOU WILL ONLY BUY FROM HTF ZONES (VICE VERSA)
@L3XUSTRADES

MARK HTF ZONES - H4


AFTER YOU HAVE IDENTIFIED THAT MARKET IS IN UPTREND, YOU WILL KEEP
MARKING HTF EG & EF BUY ZONES (ON H4 TIMEFRAME) AND IGNORE H4
SELL ZONES
@L3XUSTRADES

MONITOR LTF PRICE ACTION


ONCE YOU HAVE YOUR HTF ZONES MARKED, GOT TO LTF - M15/M30 AND
MONITOR FOR M15/M30 ENGULFING
@L3XUSTRADES

ENTRY CONFIRMATIONS
WHEN M15/M30 ENGULFING IS FORMED, MOVE TO M5 AND WAIT FOR
M5 EG+EF FORMATION
AFTER M5 EG+EF, ENTRY ON M5 EG AND SL BELOW 30 PIPS
@L3XUSTRADES

RISK MANAGEMENT
ACCOUNT RISK:

WHEN [ACCOUNT 0%] - RISK 0.5%


WHEN [ACCOUNT +2%] - RISK 1%
WHEN [ACCOUNT +4%] - RISK 2%
WHEN [ACCOUNT 0% TO -2%] - RISK 0.5%
WHEN [ACCOUNT BELOW -2%] - RISK 0.25%

POSITION SIZE CALCULATION:

LOT SIZE =RISK PER TRADE * ACCOUNT SIZE


STOPLOSS * PRICE PER PIP
@L3XUSTRADES

PSYCHOLOGY
HIGH STANDARDS MATTER: SUCCESSFUL TRADERS ONLY ENGAGE IN HIGH-PROBABILITY TRADES,
ENSURING THEY MEET AT LEAST 8 OUT OF 10 CRITERIA. THIS DISCIPLINE HELPS IN CONSISTENTLY
ACHIEVING BETTER RESULTS.

DISPOSITION EFFECT: TRADERS OFTEN TAKE PROFITS EARLY DUE TO FEAR OF LOSING GAINS,
LEADING TO SUBOPTIMAL EXITS. UNDERSTANDING THIS BIAS IS CRUCIAL FOR BETTER DECISION-
MAKING.

IMPORTANCE OF STRATEGY: A WELL-DEFINED TRADING PLAN WITH CLEAR ENTRY AND EXIT RULES
MINIMIZES EMOTIONAL TRADING AND ENHANCES DISCIPLINE.

POSITION SIZING: IGNORING PROPER RISK MANAGEMENT CAN LEAD TO SIGNIFICANT LOSSES.
SUCCESSFUL TRADERS PRIORITIZE RISK MANAGEMENT OVER MERE STRATEGIES.

SELF-IMAGE TRANSFORMATION: CHANGING HOW YOU PERCEIVE YOURSELF AS A TRADER (FROM “I’M
TRYING” TO “I AM A TRADER”) CAN SIGNIFICANTLY AFFECT PERFORMANCE AND MINDSET.
@L3XUSTRADES

THANK YOU
IF YOU FEEL THIS CONTENT IS VALUABLE, PLEASE
SHARE IT WITH YOUR FELLOW TRADERS AND
TRADING GROUPS. :)

TELEGRAM:
http://t.me/L3XUSFX
http://t.me/L3XUSTRADES

You might also like