When you have a trading plan, trading becomes much easier. You don’t have to guess where the market is going, you just follow your plan.
If you asked me what the most important thing about trading is, the one thing that could be the difference between a successful trading and a trader who is still struggling to get consistent results, without a doubt, it’s having a trading plan.
Let me show you this chart:
What would be your trading plan for the CHFJPY?
Let me share you mine:
Look for longs.
That’s it! It doesn’t have to be complicated, with tons of confusing data. I like them clear and concise instead.
That’s what I’m doing right now with the CHFJPY, looking for long opportunities. Because based on the chart above, I know it is easier for the market to continue it’s way up than going down.
What do you think?
Let me know.