Setup

TREND TRADING

Trend trading is a simple trading methodology.

The trend is your friend, you have heard it a million times before and guess what ? its true. I only trade in the direction of the trend
relative to its timeframe using the lower timeframe trend to enter into a trade and the higher timeframe for confirmati on of the cycle or
wave.

An uptrend is formed when price is making higher highs and higher lows.
A downtrend is formed when price is making lower highs and lower lows.
During a trend we look for retracements to enter into the trend.
Use prior areas of support as a target area in a downtrend.
Use prior areas of resistance as a target area in an uptrend.
Always use a stop loss and place my stop at a logical place as dictated by price action.

SUPPORT AND RESISTANCE

Resistance is an area where previously sellers out numbered the buyers.

Support is an area where previously buyers out numbered sellers.
Use the right side of the chart to view the trend and the left side to view support and resistance.
Resistance is found where the price previously made a new high then retreated to make a new low ,lower than previous low.
Support is found where the price previously made a new low then rise to make a new high ,higher than the last high.

PEAK AND TROUGH ANALYSIS

Its clear to see if you open a chart of any tradable instrument that the price does not move in a straight line but moves in what we call
peaks and troughs moving either up down or sideways.
The peaks and troughs help me to see if the market is in a trend or range or reversal and also to find areas of support and resistance.

WAVES WITHIN WAVES

A fractal is "a rough or fragmented geometric shape that can be split into parts, each of which is (at least approximately) a reduced-
size copy of the whole,a property called self similarity.

Identify the beginning of a new wave this would be the whole part, then use lower degrees of timeframes to identify the fractal waves
that exist within the whole wave these fractals allow to identify the trend moving in the direction of the higher timeframe or whole wave
and also to view the fractals that exist in the lower timeframes to view the trend forming from the retracement to enter back into the
trend.

The key is the method i use to clearly define the trend , retracements ,support and resistance peaks, and troughs and fractal
waves in a visual manner with no ambiguity across a range of timeframes and trading instruments including Intermarket.
The Patterns
The only method used besides horizontal line is a trend line. Both indicates a breakout or not and from there we can see a pattern. Various pattern
like head & shoulders, wedges, flags etc has been created with only lines drawed. So, if we use it correctly then and stay with the rules the trade is
ours. Regardless the floating & be happy.

A sample :
Scalling Margin
Scalling is the method to maximize profit using market margin as stated in the blog entry here.
When profit move on pullback entry & the market condition still on the favor, we use breakout entry to maximize the profit. As we are not using our
margin, the profit from the earlier entry used.
This is the setup for scalling with market margin using pullback and breakout entry accordingly.
MORE SETUPS
Maximize Profit
Scaling into your position at predetermined levels and trailing your stop up or down each time you add a new position so that you never risk more
than you are comfortable with losing, or more than what you have predetermined is a good amount you risk per trade.There are certain times when
the strategy work well and certain times they wont. However, placing +1 pip stoploss is a must in order to waived the risk for 1st entry or otherwise
the risk would be doubled. Of course the 2nd trade will have it's own risk but the opportunity in order to maximize the profit.

This strategy occur when the pullback entry already in winning open position at target area and we are using breakout entry as the new open
position.

Now, because we are adding a new position each time your current trade moves a certain distance in your favor, your breakeven point on the whole
position moves closer to the market price. This means the market doesnt have to move as far to put you into negative territory. That's why placing
+1 pip stops to the 1st pullback position is a must. We decide to aim for a risk reward on 2nd position at least 1:1.

When the 2nd position execute means we are using market money instead of our money to maximize the profit or double it up. As usual breakout
entry need our own judgement about the target. As the used of priceline, the target should be at the next level either up or down.

Live sample is here. (scala margin)

The Priceline
Within 6 years in forex trading, i have found that round numbers are the most reliable level where we can see the
reaction of price took place.Technical analysis allows a trader to examine the market with support and resistance,
moving averages, Fibonacci and many other techniques. One specific part of analysis that catches a great amount of
attention is the round numbers.
First of all, it means that round numbers are special. In forex market you can see the pull of the round numbers on
daily basis. People are naturally attracted to the order of round numbers and as a trader you have to be aware of this
behavior to use it in making proper decisions.The use of round numbers in forex trading is to seek for price action
signals at or nearby round numbers areas. The more you trade, the more convincing it becomes that round numbers
plays an important role in the structure and behavior of price action.

Round numbers are psychological support/resistance levels. For example, if EUR/USD is going upwards and reaches
1.5000, you will notice strong bearish reactions, because a lot of traders believe that the currency pair cannot go any
higher than that, so they sell in fear of losing their profits.

Traders can use the round numbers as a strategy. Psychological levels i use are 00, 14, 50 and 64. In order to
use the numbers, you need to specific the entry which is pullback or breakout when those levels is reached. This
method might not throw tones of pips your way, but it sure is a great scalping method.

Two economists at the Wharton School of the University of Pennsylvania, while investigating how round numbers
influence goals, examined the behavior of major league hitters from 1975 to 2008 who entered what became their
final plate appearance of the season with a batting average of .299 or .300. It means that round numbers are special.
In the 1970s and early 1980s the Dow Jones Industrial Average approached the 1000 barrier 17 times before it
finally broke through for good, but when it did it ushered in a two decade long bull run that went through 10,000 and
beyond. In the FX market we see the pull of the round numbers every day.

There is a technical, fundamental and psychological component to round numbers that make them significant. Once
you understand the concept of a trend, the next major concept is that of support and resistance. You'll often hear
technical analysts talk about the ongoing battle between the bulls and the bears, or the struggle between buyers
(demand) and sellers supply).These support and resistance levels are seen as important in terms of market
psychology and supply and demand.One type of universal support and resistance that tends to be seen across a large
number of securities is round numbers.

What actually the action by price offer at round numbers ?

i) Support / Ressistance
ii) Congested Level / Sideway
iii) Entry / Stops / Target
iv) Using by world economist
v) Easy to spot and calculate
What i do best using those levels u can predict that when price move 1 phase rarely the retracement took place but
above 2 phase it likely to make a retracement. The chart above is self explained.

The Strategy
A very simple strategy that makes a good profitable trade.
No Greedy Please
In this business, fear and greed is always overcome our confidence. We only flow with the trend, we are not a trend maker. So please, please and
please .... grab as maximum as your target only. Do not predict the target.

For today and other day coming, my daily target flow as below:
i) Minimum = 1 phase movement
ii) Average = 2 phase movement
iii) Maximum = 3 phase movement
Although i'm expecting more movement will occur, just leave the movement alone. Secure profit and let it go.

Don't be greedy .
The Analysis
This is the scenario on technical & fundamental reporting today that leads the price movement.
Using Pound vs Greenback as the technical opportunity. Here's the insight :

Technical view:
Before US market session open, Pound make a breakout on Euro session to new low today. As the price breaks we only look for pullback at the
point break to enter. Pullback Entry made after reversal candlestick on pullback within late Euro-US market overlapping. Price moved down
towards the target.

Fundamental View :
As the price hit target area, the neutral scenario appear on technical view with price situation now is Double Bottom. This is the best part to get out of market.
But referred to fundamentals, there is a red reporting Pending Home Sales m/m just around the corner in US session. When the result -5.5 announced means it
was bad for US economics. As intermarket understanding, when US stock bearish, high yield currency will bearish & low yield currency will bullish. For the
investment good for short Pound & long Greenback. Lets have a look at S&P500 index & overall intermarket conditions :
 Fundamental View :
As the price hit target area, the neutral scenario appear on technical view with price situation now is Double Bottom. This is the best part to get out of market.
But referred to fundamentals, there is a red reporting Pending Home Sales m/m just around the corner in US session. When the result -5.5 announced means it
was bad for US economics. As intermarket understanding, when US stock bearish, high yield currency will bearish & low yield currency will bullish. For the
investment good for short Pound & long Greenback. Lets have a look at S&P500 index & overall intermarket conditions :
Clearly stated as above: Stock Market , Commodities & Bond Yields on bearish mode while Bond Price Bullish. This is a clear criteria namely as Risk Aversion. So
it was a wise idea to stay in the trade.
Technical View:
At the neutral point now, Breakout Entry is the best entry to choose. So an entry made for another short :

Result :
+100 over pips made by 2 short entries with combining technical, fundamental & intermarket relationship analysis tonite. Describe also how 2 different entry
that is pullback & breakout taken based on current analysis. Hope's this chronology helpful. Thanks & happy pippin.
Types Entry
As mentioned before, only 2 types of entry :

i) Breakout entry
ii) Pullback entry

Pullback's entry gave a great opportunity rather than breakout entry. Risk can be determine
GOLD Setup
The entry
1st target hit
Final target hit
Breakout Or Pullback ?
Ever heard the following expressions in trading?
1. Buy high, sell higher
2. Buy a dip
Breakout = Buy High, Sell Higher:

When a market is in an uptrend, there are two ways to enter to join the trend. The first method is to buy when price makes a new high, or a
higher high which is called a breakout entry. The goal of this strategy is to buy high, sell higher.

Pullback = Buy a Dip:

Another way to enter a trend as either a continuation entry or a possible reversal entry is to wait for a retracement of a successful breakout to occur, and buy a
pullback to the origin of the breakout which is called buying a dip in an uptrend. The traders who were a part of the initial breakout will sell if price stalls to take
a profit which can lead to a pullback entry. Once a successful breakout occurs as indicated by a close above the breakout area, many traders become interested
in buying a pullback to the origin of the breakout. The main advantage to this entry is that the risk to entry is small. The biggest drawback to a pullback entry is
that the pullback may not happen, and then a pullback trader has no method of entry.

So choose the best entry ...

The Concept
Being a trend trader with understanding of price action behaviour will lead to a great consistency in trading. Of course there is a loss but more important is
consistence in making remarkable profit at end of months. Yet some of traders speaks stoploss is for sissy. But for me " IF U WANT A GAIN, U GOT TO ACCEPT A
LOSS ".

People like Big Boys wont bother to think about u. Instead u have to take care of yourself and protect the capital. No matter loss or gain, consistency using the
method is appreciated.

Happy trading.
Breakout
Definition of 'Breakout'
A price movement through an identified level of support or resistance, which is usually followed by heavy volume and increased volatility. Traders will buy the
underlying asset when the price breaks above a level of resistance and sell when it breaks below support.

It was very important to define a true breakout. Breakout usually happens at market opening, release of economic data , important or breaking news and
maybe also from the big boys. To identify true breakout at least +30 or -30 pips of the H1 timeframe and previous high or low must be 30% or above from the
breakout body closing price.

A screenshot of the breakout:

The Significant

Point A is a significant high and point B is a significant low. In the move from B to C there can be no lows below point B, that is point D. Both point E did not
have significant high and low from point C and D. At this scenario point F is the significant high and point G can be no lows than point D in order to confirmed as
trend. So regardless point E as a significant high and low.

Take a look at actual graph below :

Supply/Demand
25/5/2012 - How did the priceline can spot easily supply/demand area. Also attached when is the best place to apply the technical analysis based on
setup strategy. All are related to each other.
Risk Appetite
Risk Appetite condition !!!
Role Reversal Effect
It gives an opportunity to entry without hesitation. Trade with trend and risk management.
Risk Aversion
Risk Aversion condition !!!
The Step Setup
View the charts below and u will get an idea about this technical setup methodology.
Please refer setup page at top menu for more details about setup.
Role Reversal
Role reversal is phenomenon where exist in an area between support and ressistance.

Support becomes resistance when the prices penetrate it by significant amount - and vice versa. You can see this rule in action if you review how
some of the dynamic trends are developing. Most of the times the resistance which blocked previous price thrusts in an uptrend will become support
to subsequent price reactions once it has been violated. In a similar fashion, the support which obstructed earlier price thrusts in a downtrend will
become resistance to later price reactions after it has been broken.
This rule is applicable to most technical analysis tools. An up trendline can be expected to resist price advances after it has been broken to the down-
side. A moving average which formerly acted as resistance will start to support price declines if it is decisively penetrated. Fibonacci retracement of
a previous uptrend which supported the prices will turn into resistance on subsequent tests if it is violated. A round-number level previously serving
as support will become resistance to future price advances when a currency pair breaks below it.

One of the key factors to successful trading is to make sure you are trading with the trend. You should always look to enter long positions when the
markets are in a bullish trend and short when they are bearish. By taking advantage of novice traders who entered bad positions at weak demand or
supply zones that were later broken, you can increase your chances for success in any market.
Support Ressistance
Support is the price zone below the current price where price declines are likely to stop and reverse. Resistance is the prize zone above the current
price where price advances are likely to stop and reverse. In an uptrend, price advances (price thrusts) are blocked by resistance and price declines
(price reactions) are stopped by support. In a downtrend, price declines (price thrusts) are blocked by support and price advances (price reactions)
are ended by resistance. When prices breaks through resistance they can be expected to rise up to the next level of resistance. If price breaks through
support you can expect it to fall down to the next level of support.

For an uptrend to continue, each successive price thrust should be able to break up through the level of resistance which stopped the previous
price thrust and each price reaction must complete at a higher support level than the previous price reaction (violation of this rule leads to the top
price reversal patterns like the head and shoulders). For a downtrend to continue each successive price thrust should be able to break down through
the level of support which stopped the previous price thrust and each price reaction must complete at a lower resistance level than the previous
price reaction (violation of this rule results in the bottom price reversal patterns like the double bottom).

Support and resistance levels are calculated based on how prices behaved at specific times in the past and also on how prices tend to behave
in general. If currency price failed to break through a certain level in the past, this level can be expected to block price movement in the future. If
currency price as a rule finds support or resistance at certain technical analysis tool positions, this can also be used to predict price behaviour when
these positions are reached. Strongest support and resistance are produced when both measurement methods point in the same direction.
The Retracement
Using priceline also we can spot at a glance which area for a retracement will took place.
Either 38.2%, 50%, 61.8% even 76.4% is up to a descretion.

In a higher timeframe 50% and 61.8% are the favourite golden ratio. The mid priceline is always do.
The Movement
Using a range equal to 50 pips is called a phase.

Sample in downtrend movement :

1) From priceline 14 to priceline 64 is 1 phase
2) From priceline 64 to priceline 14 is 2 phase
3) From priceline 14 to priceline 64 is 3 phase

vice versa for uptrend and movement continuation.

We can spot all of this movement every day. Priceline can determine a range that describing a movement.

Sample as chart below have 6 phase in a day:

Intermarket
Definition of 'Intermarket Analysis'
The analysis of more than one related asset class or financial market to determine the strength or weakness of the financial markets or asset classes being
considered. Instead of looking at financial markets or asset classes on an individual basis, this type of analysis looks at several strongly correlated markets or
asset classes such as stocks, bonds and commodities leads to currency movements.
This type of analysis expands on simply looking at each individual market or asset in isolation by also looking at other markets or assets that have a strong
relationship to the market or asset being considered. For example, when studying the U.S. market it is worthwhile to look at the U.S. bond market, commodity
prices and the U.S. dollar. The changes in the related markets, such as commodity prices, have an impact on the U.S. stock market and need to be understood
to obtain a greater understanding of the future direction of the U.S. stock market.

The Advantage Of Intermarket Analysis

Single-market analysis is the study of one asset class or market in a single country. Intermarket analysis, on the other hand, is the study of multiple asset classes
in a variety of markets in nations around the globe. Do investors and traders using the second technique have a significant advantage over those using the first
when it comes to returns?

According to John Murphy, author of a book entitled "Intermarket Analysis," a truly diversified investment approach should include investments in all four
major asset classes: stocks, bonds, currencies and commodities. Going one step further, intermarket analysis tells us that a truly diversified portfolio should not
limit its holdings to one country, but include holdings in a number of markets around the world. By following multiple markets, an investor gets the big picture
and is able to see significant market and economic changes earlier than investors with a single market focus. The multiple-market investor can then move
portfolio holdings from one sector or market to another - a practice known as sector rotation - with greater ease as conditions change.

Intermarket analysis can also teach us the important historic relationship between bonds, stocks and commodities in the business cycle. Bond prices generally
lead stock prices in a recovery, with commodity prices confirming that a period of economic expansion has begun. As the expansion matures and begins to slow
down, intermarket analysis teaches traders to watch for bonds to turn down first (as interest rates rise), followed by stocks. Finally, when commodity prices
turn down, there is a pretty good chance that economic expansion has come to an end. The next phase is a slowdown and possible recession.

Looking at the past few years, we can see how an intermarket perspective can lend an advantage - in some cases a substantial one - over a single-market
outlook. The intermarket trader watches markets in Asia and Europe, as well as the U.S., because what happens in one usually has an effect on the others
(especially as globalization progresses). We have also seen how the intermarket analysis broadens the trader's use of currency strength to determine which
national market offers the greatest safety for their investments.

The meaning of risk aversion and risk appetite :

Intermarket relationships as described on below chart. It have two conditions of risk.

Risk aversion, as the name implies, refers to when investors and traders become "risk averse" - meaning that they look for assets that are less risky and are
"safe". Risk appetite, on the other hand, refers to how "hungry" investors and traders are for risk. The higher the degree of risk appetite, the more likely an
investor will purchase a riskier (but higher yielding) asset.

Risk aversion happens when the majority of investors turn to the 'safer' assets like treasuries and bonds issued by the government and other firms. These assets
are 'safe' since the their coupon rate are guaranteed by the issuing body. Of course, these securities are still subject to inflation and default risks. On the flip
side, Risk appetite occurs when the same investors go for the riskier assets like stocks, options, and futures. These assets are deemed riskier because investors
get the majority of their profits (aside from dividends) from capital gains.
Dow Theory
The Key To Understand Market Movements

The Dow Theory is a major corner stone of technical analysis. It is one of the oldest and best known methods used to determine the major trend of
stock prices. It was derived from the writings of Charles H. Dow from 1900 to 1902 published in the daily newspaper he founded, The Wall Street
Journal. Dow's Theory was further refined by analysts and writers S. A. Nelson, William P. Hamilton, and Robert Rhea in the first few decades of
the 20th century.
Six Basic Principles of Dow's Theory:

1. Everything is discounted by the price Averages, specifically, the Dow-Jones Industrial Average and the Dow-Jones Transportation Average.
Since the Averages reflect all information, experience, knowledge, opinions, and activities of all stock market investors, everything that could
possibly affect the demand for or supply of stocks is discounted by the Averages.

2. There are three trends in stock prices.

i) The Primary Tide is the major long-term trend. But no trend moves in a straight line for long.
ii) Secondary Reactions are the intermediate-term corrections that interrupt and move in an opposite direction against the Primary Tide.
iii) Ripples are the very minor day-to-day fluctuations that are of concern only to short-term traders and not at all to Dow Theorists.

3. Primary Tides going up, also known as Bull Markets, typically unfold in three up moves in stock prices. The first move up is the result of far-
sighted investors accumulating stocks at a time when business is slow but anticipated to improve. The second move up is a result of investors buying
stocks in reaction to improved fundamental business conditions and increasing corporate earnings. The third and final up move occurs when the
general public finally notices that all the financial news is good. During the final up move, speculation runs rampant.

4. Primary Tides going down, also known as Bear Markets, typically unfold in three down moves in stock prices. The first move down occurs
when far-sighted investors sell based on their experienced judgment that high valuations and booming corporate earnings are unsustainable. The
second move down reflects panic as a now fearful public dumps at any price the same stock they just recently bought at much higher prices. The
final move down results from distress selling and the need to raise cash.

5. The two averages must confirm each other. To signal a Primary Tide Bull Market major trend, both averages must rise above their respective
highs of previous upward Secondary Reactions. To signal a Primary Tide Bear Market major trend, both the Dow-Jones Industrial Average and the
Dow-Jones Transportation Average must drop below their respective lows of previous Secondary Reactions. A move to a new high or low by just
one average alone is not meaningful. Also, it is not uncommon for one average to signal a change in trend before the other. The Dow Theory does
not stipulate any time limit on trend confirmation by both averages.

6. Volumes confirmed the trend. From this tenet it follows that volume should increase when the price moves in the direction of the trend and
decrease when the price moves in the opposite direction of the trend. For example, in an uptrend, volume should increase when the price rises and
fall when the price falls. The reason for this is that the uptrend shows strength when volume increases because traders are more willing to buy an
asset in the belief that the upward momentum will continue. Low volume during the corrective periods signals that most traders are not willing to
close their positions because they believe the momentum of the primary trend will continue.

The Markets Have 3 Trends.

Uptrends which are defined as a time when successive rallies in a security price close at levels higher than those achieved in previous rallies
and when lows occur at levels higher than previous lows.
Downtrends which are defined as when the market makes successive lower lows and lower highs.
 Corrections which are defined as a move after the market makes a move sharply in one direction where the market recedes in the opposite
direction before continuing in its original direction.

Basic rules of the market:

A Bull Market is defined as having Low, High, Higher Lows , Higher Highs etc..
A Bear Market is defined as having High, Low, Lower Highs , Lower Lows etc.
Some Critics About Dow Theory
The Dow Theory has performed remarkably well. According to the Barrons, from 1920 to 1975 Dow Theory signals captured 68% of the moves in the industrial
and transportation averages and 67% of those in the S&P 500 Composite index.

On average, Dow theory misses approximately 20-25% of the market movement. So many traders criticize that the Dow Theory signal occurs too late to
participate.
But if we throw some light to Dow's original conception of the Industrial and the Railways Averages then we know his intention was more to determine the
economic health of the country and recognize the emgergenc of major bull and bear markets.

The Dow theory has well served Dow's ingenious vision for this matter. Those who criticize the Dow theory can not catch actual market tops and bottoms lack
the basic foundation of the the trend-following philosophy.

In conclusion, the Dow Theory forms the basic foundation of the modern day technical analysis.

Dow's original theory, though Dow himself never intended for, is adapted in the modern day technical analysis ranging from the standard definition of a trend,
the classification of a trend into three categories and phases, the principles of confirmation and divergence, the interpretation of volume and the use of
percentage retracements to name a few.

Planning

The forex trading plan is the systematic approach to currency trading which controls all aspects of the trading. The trading is conducted through simultaneous
application of three different systems - the forex trading system, the money management system and the emotion management system, as is shown below.
These three systems are three pillars of the successful currency trading.

Each of the systems will have its own rule sets (descriptions of the signals/conditions and the actions that they require) related to the object of their operation.
The rule set of each system are converted into simple-to-follow instructions - checklists - that the trader or the computer can easily follow. These checklists will
govern the whole trading process - controlling the timing of the trade entries and exits (forex trading system) , the value of the opened trades in relation to the
account balance (money management system) and the emotional state of the trader (emotion management system). The resultant trade details should be
recorded in the trading log and later studied for the ideas on how to improve each of the systems.

The trading system's checklist will contain the exact description of the conditions for the trade entries and trade exits (i.e. which technical or fundamental
signals should converge to justify opening or closing of a position). Ideally, this checklist should leave no room for second-guessing the signals that the trading
system generates: you either open or close a trading position because all fits or you don't. In most cases such low level of ambiguity is possible only with the
mechanical trading systems while the discretionary trading systems, as their name suggests, usually include the possibility of second-guessing the signals by the
trader. A trade entry checklist will contain questions (which are most easily processed by the mind) regarding the conditions which will lead to the opening of a
position. For example, if the rule set of your currency trading system requires that you open a trade when the 20-day moving average crosses over the 50-day
moving average the checklist might record this rule in the following question: "Is the 20-day moving average close to crossing over the 50-day moving average;
If yes - prepare to open a trade; if not -stay still". Mechanical trading systems have a distinct advantage over discretionary trading in terms of the frequency that
the trading system checklist is gone through - while an average discretionary trader can go through his checklist only a certain number of times per hour
without getting exhausted, the mechanical trading systems are incessantly checking the markets for the relevant signals without resting for a single second.

The emotional checklist will contain the instructions for tracking emotional involvement of the trader in the trading process and the methods for controlling it.
Even if the checklists derived from the trading and the money management systems are in themselves powerful emotion control systems (or weapons against
the emotions), it is necessary to have a separate standalone emotion management system, given the persistence of the destructive emotions. As an example of
the question that can be asked in the emotional exposure checklist - "Am I getting angry when the stop-loss is hit; if yes - I should remind myself that the losses
are the inseparable part of successful currency trading."

All information regarding trade entries and exits should be recorded in the trading log. If you are trading a discretionary trading system you will need to
manually enter this information. If you are trading with a mechanical trading system the conditions for trade entries and exists will usually be recorded
automatically. The trading log will tell you how well your systems are working under the current market conditions. You can analyze this information and use
your findings to change the way your systems operate - so that you can achieve better results with your trade timing, position sizing or emotion control.

Following your trading plan with 100% precision shows that you trust yourself and believe that the knowledge that you have encapsulated in your systems will
with time help you to reach your financial goals. Following your trading plan with absolute exactness comes from the master principle of currency speculation
which requires that no aspect of the trading should be left to chance. Only by the conscious and ac tive control of each and every aspect of the currency trading
- that is, by following your forex trading plan - can you expect to be successful in forex trading.