Analyze a Indices Trading Plan
How to Read a Indices Trading Plan
trading plan checklist - the following is a template examples of a indices trading plan template example:
JUSTIFICATION FOR Indices TRADING PLAN
1. Indices Trading IS A BUSINESS, SUCCESSFUL BUSINESSES ALWAYS HAVE PLANS
- Businesses that are successful always begin with a plan.
- Successful business planning will guide you to success, think of your indices trading plan as a map: it is a constant reminder of how you'll consistently pull profits from the stock indices market.
- Difference between a successful trader & a losing trader is the indices trading plan.
2. TO KEEP ME AS A Indices TRADER IN THE RIGHT DIRECTION
Consistency is important in your indices trading routine to measure how successful you are.
Keep you on target, read the indices trading plan everyday, analyze the indices trading plan everyday, and stick to its written indices trading rules.
When it comes to your indices trading plan you should think of your indices trading plan as a map that shows you as a trader this is what you follow, your indices trading plan should have clear written indices trading rules that specify when you open a indices trade or close a indices trade.
Your written indices plan should cover all factors of indices trading, you should read and analyze the indices trading plan every day until the rules of your indices plan are on your fingertips so that when you are trading on the fast moving indices market you will always know what to do in every situation.
This how to interpret indices trading plan tutorial provides an example written indices trading plan that you can use for creating your own indices trading plan.
Indices plan is one of the indices trading tips that can help you as a indices trade to improve your indices trading results. A good learn indices training guide like this one - www.tradestockindices.com - should explain to you how to create a indices plan which you can use for stock indices trading.
IF YOU HAVE A GOOD Stock Indices Trading PLAN AND YOU ARE DISCIPLINED ENOUGH TO STICK TO IT When Indices Trading, YOU WILL BE SUCCESSFUL.
GOALS OF THE Indices TRADING SYSTEM
- Ability to IDENTIFY A Indices TREND AS EARLY AS POSSIBLE .
- Ability to AVOID Indices WHIPSAWS .
The indices trading system should find a compromise between the two goals of the indices trading plan,
Find a method to identify a indices trend as early as possible but also find ways to help you differentiate the fake whipsaw signals from the real indices trade signals.
FUNCTIONS OF EACH Indices INDICATOR
Moving Averages - Identify a new indices trend as early as possible.
MACD - Identify a indices trend as early as possible.
Determine strength of a continuing stock indices trend.
RSI - 50 center line crossover trading signal to confirm the begin of a new stock indices trend.
Extra confirmation indices indicator to help figure out the strength of our stock indices trend.
To learn indices indicators & how to generate indices trading signals with indices indicators Learn Stock Indices Indicators Section
Indices CHART TIME FRAMES
- Main indices chart timeframe is the 1H.
- Indices Signals are generated on 15 minutes chart time-frame.
15 Minute Indices Charts
- 5 & 7 LWMA
- RSI (14)
- MACD Technical Indicator
Indices TRADING RULES
LONG ENTRY
15 Minute Indices Charts
- Both Moving Averages are moving UP
- MACD Above Zero Center Line (Not MACD moving UP)
- RSI >-> 50
When indices buy trading signal is generated on the 1 Hour indices chart timeframe - use the 15 minute chart timeframe to open and close stock indices trades.
LONG EXIT
- RSI gives opposite signal
Indices TRADING RULES
SHORT ENTRY
15 Minute Indices Charts
- Both Moving Averages are moving DOWN
- MACD Below Zero Center Line (Not MACD moving Down)
- RSI <-< 50
When a sell stock indices signal is generated on the 1 Hour indices chart timeframe - use the 15 minute chart timeframe to open and close stock indices trades.
SHORT EXIT
- RSI gives opposite signal
Indices TRADING ROUTINE - Indices TRADING SCHEDULE
- Indices Trading Signals are generated using 1 Hour indices chart timeframe and executed on the 15 minute chart time frame.
- stock indices signal to be executed immediately indices trading rules are met.
- Entry indices trading signals should be executed during daytime.
TIME OF DAY TO WATCH MARKET - Indices TRADING MARKET HOURS
Watch market during daytime when most traders are online. Use this indices trading plan to come up with a suitable indices trading schedule.
Indices Trading Plan Example
How to Read a Indices Trading Plan? - How Do I Analyze Indices Trading Plan?
Indices MONEY MANAGEMENT
- Day trading
- Only trade indices when I have a high risk to reward ratio 3:1 or more
- Stop loss = Parabolic SAR
- Set Take Profit Indices Order target 40-60 Pips
- Never trade beyond 3 % of account equity
- Never risk more than 2% on any single indices trading transaction
Indices MINDSET/Indices PSYCHOLOGY
- Trade indices without Emotions (greed, fear, anticipation, impulse, bias, over-excitement)
- I trade what my eyes see not what I feel.
- I will be patient.
My job isn't to be the trading system!
It is not to decide which stock indices signal looks promising.
That is the job of my indices system - that has a set of indices trading rules which tells me this is what I follow when indices trading. Do not get caught up in stock indices price action and make indices trading rules as you go along.
MY JOB DESCRIPTION IS
To sit patiently & wait for my indices trading strategy to indicate that it is time to enter or it is time to exit a indices trade. And then with great focus I execute indices plan as outlined.
Taking stock indices trades not indicated by the indices system, second guessing it and not taking indices trading signals given, hesitating and getting in late, anticipating and getting in early are all common place and boil down to lack of faith in the indices trading plan & not having a burning focus on accurate indices trading plan rules execution.
Indices GOAL: To have 100% undivided focus on mastering my ability to execute my indices trading rules accurately.
More you develop the ability to step back from stock indices price action movement and watch the indices market dispassionately, waiting for a indices trading signal, the easier it will be to witness the fluctuations of your emotions without getting sucked into them allowing them to throw you off your indices trading game.
WEAKNESS
- I am greedy.
- I over-trade
- Make a list of all your weaknesses that are interfering with your indices trading. This is the first step in trading to help you overcome these weaknesses. Use indices psychology to help you overcome them.
Note: by writing down your weaknesses on your indices trading plan you will begin recognizing them as you make progress, once you do this you'll start to avoid this trading mistakes and your indices trading results will improve with time.
GOALS
- To focus on exit just as much as I do on entry indices trade signals.
- Always protect my indices trading account using indices stop loss, indices money management methods, follow with the indices trend direction and always following the rules of my indices trading strategy.
- Never second guess or go against my indices trading strategy. To always keep up my discipline in indices trading.
- Follow all the rules of indices trading system + stock indices charts are telling me.
- Sit patiently & wait for indices trading signals from my indices trading strategy.
- Achieve consistent indices trading results before opening a live indices trading account.
FOLLOW THE RULES OF THIS Indices TRADING SYSTEM
This is one of the most important part of how to create a indices trading system.
Always follow the trading rules
Stick with the trading rules
Be disciplined & patient enough
Indices TRADING JOURNAL
Write all stock indices trades in a indices trading journal so as to keep track of your trading progress when using your indices trading plan.
How to Interpret Indices Trading Plan - How to Trade with a Indices Trading Plan - Indices Trading Analysis a Indices Trading Plan? - How Do I Analyze Indices Trading Plan?
Even if you are new to stock indices trading and you do not know how a indices trading system works, this indices trading system tutorial shows to you how a indices strategy should look like.
Hence, the objective is to help you create your own complete indices trading strategy - by showing you a written indices trading plan examples that is already complete.
Read this indices trading plan tutorial about how to trade indices with a indices trading plan - One of the most important part of using this indices trading plan template is the "Money Management Part" you will learn how to trade and minimize risk using indices money management rules, which will be specified in your indices trading plan.
How to Read a Indices Trading Plan? - How Do I Analyze Indices Trading Plan? .
