isaaclimsc's Trading Plan
Ichifibo
Which timeframe do you use most often?
4hr
Which analysis methods or trading systems will you use to determine the direction bias and entry/exit levels?
I'm a swing position trader. I use Ichimoku with fibo.
What is your potential entry setup?
I treat Ichimoku lines as potential Support & Resistance lines. Any lines that collide with Fibo levels will show stronger indication on trend reversal.
Describe how you will determine your stop loss points.
Based on the Chart Support & Resistance lines & Fibo levels.
Describe your profit taking strategy.
Set targets below next key support or resistance lines.
What conditions will signal your entry trigger?
The entry should be around the key fibo levels at 38.2%, 50% or 61.8% confluence with upper/lower kumo or Kijun Sen.
What conditions will cause you to exit early (i.e. time stop, surprise news, shifts in sentiment or fundamentals, etc)?
Stop loss or Target hit.
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