#OperationDiscipline – 21 trades for the success

The first months of each new trader are spent looking for the holy grail.

This process involves:

  • Keep adding hundreds of indicators, oscillators and moving averages.
  • Lack of discipline.
  • Follow the advice of other traders with same or less experience.
  • Keep changing trading system when a losing streak occurs.

In the reality, the real holy grail is only one:

DISCIPLINE & RISK:REWARD

It doesn’t matter the system you have, what it really matters is that you:

  • Have a disciplined method to analyse the market. (Learn How!)
  • Trade with a rules-based trading system.
  • Open new positions only if the risk:reward is higher than 1.5/2.

To demonstrate you that what I’m saying is the truth, I’m starting a new project:

#OperationDiscipline – 21 Trades for the success

What’s the #OperationDiscipline?

I will pick up a trading system based on Trading Cycles and Support & Resistance and I will:

  • Strictly follow it for 21 operations without changing any rules or set up.
  • Post publicly every operation I open with all the setups:
    – Stop Loss.
    – Take Profit.
    – Money management.
    Trading Journal.
    – Equity Curve.
  • Share the Trading System Rules and indicators in order to make you double check the proper execution  of the strategy.
Get access to the #OperationDiscipline

 

The Trading System

Pairs: Eur/Usd, Eur/Aud, Eur/Jpy, Usd/Jpy, Aud/Usd, Aud/Jpy.

Time Frame: Daily. (Only ten minuted a day in front of the charts).

Risk: 2% each operation.

Indicators:

Entry Rules:

BUY:
1. Bullish Cycle on a support.
2. Entry when the Cycle Indicator turns to +1.
3. The support has to be between the minimum and the entry signal.

SELL:
1. Bearish Cycle on a Resistance.
2. Entry when the Cycle Indicator turns to -1.
3. The Resistance has to be between the maximum and the entry signal.

Example of short signal:

#operationdisciplinechart

Take Profit:

The order will be placed at the first Support/Resistance which gives me a Risk:Reward greater than 2.

Get Access Now

 

The Trading Journal

To keep track of each operation I will set up the trading journal in an Excel Sheet with:

#operationdiscipline

Receive the updates of #OperationDiscipline directly in your Inbox!

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