Eminimoney Simple Trading Plan

Simple Trading Plan Example

Daily goal: $200.00 per day

Trade Setups in my plan:

Basic Trades

[ ] Primary Trades [ ] Secondary Trades

Advanced Trades

[ ] Breakout Trades

Trading Parameters:

Trading Size: 2 contracts
Trades Per Day: 3-4 trades
Points per day: 2 – 3 points per day

2.10.40 Trading Plan (Baseline Goal)

2 points per day – 10 points per week – 40 points per month

Time of Day:
2 to 3 hours in the morning to achieve your daily goal.

2 hours per day – 10 hours per week – 40 hours per month

General Strategy:

Buy qualified support/Sell qualified resistance using market structure and ema filter for conditions to enter trades, use YM, time of day, and Market type (trending, range bound, choppy, low volume, holiday, etc.) as market context, how you will approach THIS particular day.

Rules/Conditions for trading

1) Break sup or res
2) EMA confirmation
3) Entry = S&R – EMA’s – Fibs (Correlate)
4) YM agreement

Steps to entry:

1) Measure most recent move to see where 38% and 50% Fib levels are

2) Look on the chart for established support or resistance at or near the fib levels

3) Look on the chart to see where the 5 and 15 EMA’s are

3) Check to see if YM agrees (has same conditions met), or Disagrees (conditions no met)

4) Place limit orders to enter one/two ticks in front of known support or resistance/EMA’s/FIBS

5) Use 2 pt stop bracket orders with 1 pt profit to start using your trading execution platform

Steps to exit:

1) Take some profits at 1 pt unless a “scalping range bound market”, then 2 to 3 ticks.

2) Let additional contracts run if trending market AND market continues to make progress

3) Bigger targets, greater than 1 pt = 60M levels known in advance

Plan your trade and trade your plan

Futures and options trading has large potential rewards, and also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. This is neither a solicitation nor an offer by eminimonoey.com to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any Emini trading system or methodology is not necessarily indicative of future results. Day trading Involves High Risks and YOU Can Lose A Lot Of Money.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. Click here for the full DISCLAIMER.