Comments on: The Dynamic Trading Plan http://trading-u.com/blog/index.php/archives/1363 Forex & Futures Trading Education Sun, 09 Jan 2011 20:29:47 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Mario Fernandes http://trading-u.com/blog/index.php/archives/1363/comment-page-1#comment-192 Mario Fernandes Mon, 28 Dec 2009 12:55:51 +0000 http://trading-u.com/blog/?p=1363#comment-192 Yep trading markets, of in my case Forex spot, is indeed "dynamic" and one of the most enjoyable "jobs" in anywhere. I find that one day you can be extremely Bearish about an FX pair, only to find the very next day your stance has changed to very Bullish! But with a plan in made front of me, I have "control" over my emotions and "actions". Even if it's a "perceived" control, it is certainly better than nothing and a "Gang-Ho" approach to trading. And even with a plan, thing can go wrong IF you don't follow it....!! It's Easy to hit the BUY/SELL buttons on your consol, but it is much harder to "Follow your Trading Plan" like when you are training for an event like a long run or the sort! Gotta learn some diciplene to do that, but it's well worth the effort! (There must be books that can help) My plan is interpreted in an excell spreadsheet ie. My "Trend Map" that I update, sometimes on an hourly basis! This does reflect how "Dynamic" the markets are in Trading, especially Day Trading; but that will apply to a trader who wants to hold a position for a less than a week! And having the spreadsheet (Trading Plan) "reflect" my charts...ie. Daily, 240m on one screen and 60m,15m and 3m on another, really help to see my "plan" in action! What I can tell ya, is following the plan is NOT easy - because we are human, I just gotta accept that. Iam using the holiday break to revise my Trading plan so I am ready for market Dynamics in 2010. Hope everyone can do the same....LOL...Happy 2010 Yep trading markets, of in my case Forex spot, is indeed “dynamic” and one of the most enjoyable “jobs” in anywhere.
I find that one day you can be extremely Bearish about an FX pair, only to find the very next day your stance has changed to very Bullish! But with a plan in made front of me, I have “control” over my emotions and “actions”. Even if it’s a “perceived” control, it is certainly better than nothing and a “Gang-Ho” approach to trading. And even with a plan, thing can go wrong IF you don’t follow it….!! It’s Easy to hit the BUY/SELL buttons on your consol, but it is much harder to “Follow your Trading Plan” like when you are training for an event like a long run or the sort! Gotta learn some diciplene to do that, but it’s well worth the effort! (There must be books that can help)

My plan is interpreted in an excell spreadsheet ie. My “Trend Map” that I update, sometimes on an hourly basis! This does reflect how “Dynamic” the markets are in Trading, especially Day Trading; but that will apply to a trader who wants to hold a position for a less than a week!

And having the spreadsheet (Trading Plan) “reflect” my charts…ie. Daily, 240m on one screen and 60m,15m and 3m on another, really help to see my “plan” in action!

What I can tell ya, is following the plan is NOT easy – because we are human, I just gotta accept that.

Iam using the holiday break to revise my Trading plan so I am ready for market Dynamics in 2010. Hope everyone can do the same….LOL…Happy 2010

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