Joldas`s 15M System and Plan.

Assalamu Alaykim.

This is my 15M system;

Trade on 15M TF.
Draw S+R, trend lines.
Investigate chart patterns.
Look at RSI with A/D to identify trend acceleration and divergence.
Add candlestick information.
FIBO;
Pivot point.

Enter:
Enter from 15M: 1. Limit order; 2. Instant order;
Where: at S+R area, when trend lines validates the support or resistance, validate chart pattern were confirmed. Use FIBO conjunction with those tools. Enter those 33%, 50%, 68% area. Set limited order on the high or low of that previous candlestick. Set stop loss just above or under this candlestick. Consider set stop loss around those S+R and PP`s S+R levels.
1. Enter when candlestick cross the trend line.
2. Enter with the measurement of FIBO retracement.
3. Enter from support and resistance line when a trend pull back the alongside of its trend.
4. Investigate those chart patterns then enter within its breakout.
5. Set profit target with R+S, and FIBO levels.
6. Broken support or resistance become new resistance or support area.
Find out the important support and resistance levels.

Exit:
Exit from 15M or even high TFs.
Where: on those predefined S+R, FIBO level, and trend line touches. And were the candlesticks were signaling the reversal. Exit on targets;

Profit target:
1. Set using R+S methods
2. Set by FIBO level measurements.
3. Set by pivot point.

Stop loss:
1. Set by trend lines, just under or above of it.
2. Set by R+S, just under or above of it.
3. Set under or above low or high of previous candlestick.

Money management:
0.1 mini lots for $1000;
Stop loss: 15----35pips;
Take profit: 40----200pip;
Trades for per day: 3---7;
Daily goal: 100---300pips;
Risk: not more than 0.5% per trade;

Rules:
Risk/reward ratio must be higher than at least 1:2, enter if qualifies, otherwise stay aside, wait the other boat to come. Follow the trend, do not go against him.
Stick on your trading goal, do not change it, do not interfere by your emotion, care about your psychology, how can I beat those emotional attacks? Answer: Plan your trade, stick on it, and then trade your plan. Cut your losses, let your profit run. Stick on only this 5 indicators. Think why you have taking this trade? And answer it via your plan. Stick on your trading system. Learn from your loss; take the losses as a part of your winnings. Glad when you your loss had been hit, why? Because had saved your capital from even greater losses. Only enter from 15M TF, do not change to other TFs, because every time has its own signal, you will get mixed then there would be many contradiction signals, so stick with on 15M TF.
Set up winning attitude, stay discipline. Avoid hearing what your emotion, gut is pointing to you.

Plan:
Follow your system, stick on it at any condition;
Except stop losses as winning part, be glad when it had hit.
R/R: should be higher than at least 1:2;
Trades for per day: 3---7;
Daily goal: 100---300pips;
Stop loss: 15----35pips;
Take profit: 40----200pip;
Holding time: open-close in intraday the more 2 days.
Keep eye on news;
Do not see other`s opinion or posts.
Analyze the market at least half hour, stay focused, treat as a business, and only be with it.
Do not change your target after you have set it. Do not overtrade.
Keep a captured photo of your trade when enter and exit. It is better for you to evaluate your trading method.
Do not shoot everywhere; enter only when signals were come. If miss a trade, wait for another, keep yourself in patient and come down both in losing or winning conditions, belief your trade, maintain your psychology of trading.
Do not be haste, be normal. One of the most important is that you are using 15TF, so the target is short as 40 pips to 100 pips, not much more than that, I mean you have to control your greed and desire on such TF, it only can do such.
Take your profit as much as possible at any given strength, beat those your greed, fear, overconfidence, how? Trade your plan, obey it, listen it, do not listen your urge, gut, or your wish and wanting desire, because market independent from you. Just work as machine, as mechanical, without any emotion regardless that you are qualified to feel the market as your qualified emotion, it is possible when you become a professional trader.
Remember: use money management, stop loss, earn little by little, and control greed and fear.
Rules from my experience:
1. Avoid selling at S1, S2, and S3. Just wait what will happen then make decision.
2. Avoid to buying at R1, R2, and R3. Just wait to what will happen then make decision.
3. Do the 1 and 2 regardless of other confirmations were looking good.
4. Avoid buying at resistance and selling at support.

Enter trade:
Entering besides of trend lines with measured pending order or instant order.
How: when trend line going to be validate the trend lines as support or resistance even further. Just it was validated signal.
Enter from support or resistance areas with pending or instant order.
Enter that trade if it did not break.
Enter from PP analyses.
Examine the candlestick formation at those defined areas, and use with conjunction with Fibonacci.
Enter S+R, PP, Trend lines with combination of candlestick formation.
Examine the candlestick formation at those defined areas.

1. Tactics on breakouts. (447---455 pages.)
2. The breaking of trend lines
3. The use of support and resistance.
4. The use of Fibonacci retracement.
5. The use of gaps. (Not for now).