Here is my trading plan:

Time Frame used Daily and Weekly.

Looking for PA as PIN-BUOB/BEOB-DBHLC/DBLHC in confluence with:


1)BRN (each 500 pips)

2)PPZ.

3)Fib retracement as 50%,61%...I may use 38% as further confluence but not consider it as one element.

4)Trend Line.

5)Macd (just for counter trend).



To have a trade I have to have 3 variables,PA with two of the above components.

Only commerce based on the principal tendency except when I have a divergence on the MACD.

I will take note of this PPZ;TL;BRN ahead of the fact....every sunday I'll draw my charts with the area that for me personally have an attention and I'll wait for the price to visit me.If not NO TRADE.


Exits:

As soon as I enter an order I'll take note of this first issue region FTA and second trouble area STA.

I'll examine three exits approaches:

1)When price reaches FTA transfer stop to BE and take partial profit.Second unit will be shut at STA.

2)When price is at 0,5% profit I'll close half position and proceed stop at -0,5%. Second lot will be closed at 1%.

3)One pub trailing stop ( I trail the stop below everyone's pub low that ecxeed the prior bar high).


Risk 1 percent

I'll demo-trade for 3 months....till 10/31/2010 to find out what kind of resoult I got.