My Trading Plan

Selecting a Market
I will trade the following market(s): e-mini S&P e-mini Dow 30-year T-Bonds Euro FX Futures

Selecting a Timeframe
I will trade the following timeframe(s): ES: 8 tick range bars YM: 16 tick range bars ZB: 6 tick range bars G6E: 16 tick range bars

Selecting a Trading Style

I will use a two trend-following strategies (Simple and Boomerang Trading Strategy) in trending markets and a trend-fading strategy (Ping-Pong Strategy) in a sideways markets. From time to time I will use a scalping strategy (Seahawk Strategy) to extract quick profits from the markets. I will not use ANY OTHER trading strategies. The underlying assumption / idea is: I will use the Bollinger Bands with and important Support and Resistance Lines like Pivot Point and daily highs and lows to identify the direction of the market. I will use trend-following strategies when I see the Bollinger Bands pointing up OR down in a 45 degree angle or more, and I will use a trend-fading strategy when the Bollinger Bands are flat.

! Entry Signals
Long Entry: Simple Strategy: I am using the MACD with the standard settings of 26,12 and 9 and the Bollinger Bands with the settings of 12 for the moving average and 2 for the standard deviation. The MACD has to be above the zero line AND its Exponential Moving Average, a.k.a. "Signal Line". I am then entering at the value of the Upper Bollinger Band with a stop order. If the current price is ABOVE the value of the Upper Bollinger Band, I will enter with a market order. Ping-Pong and Seahawk Strategy: I will enter 1 tick below the LOW of the previous bar with a LIMIT order. Boomerang Strategy: The MACD has to be above the 0 line and its Moving Average and the RSI > 70. I am then waiting for a bar with an RSI < 70 and enter 1 tick below the LOW of this bar with a LIMIT order Short Entry:

Simple Strategy: I am using the MACD with the standard settings of 26,12 and 9 and the Bollinger Bands with the settings of 12 for the moving average and 2 for the standard deviation. The MACD has to be below the zero line AND its Exponential Moving Average, a.k.a. "Signal Line". I am then entering at the value of the Lower Bollinger Band with a stop order. If the current price is BELOW the value of the Lower Bollinger Band, I will enter with a market order. Ping-Pong and Seahawk Strategy: I will enter 1 tick above the HIGH of the previous bar with a LIMIT order. Boomerang Strategy: The MACD has to be below the 0 line and its Moving Average and the RSI < 30. I am then waiting for a bar with an RSI > 30 and enter 1 tick above the HIGH of this bar with a LIMIT order

Exit Signals
Profit Target: Simple Strategy: 15% of the Average Daily Range Ping Pong Strategy: It's a reversal strategy: I will close the position if I see an entry in the opposite direction. Seahawk Strategy: I will exit using the following profit targets: e-mini S&P: 2 ticks e-mini Dow: 4 ticks 30-year Bonds: 1 tick Euro FX Futures: 4 ticks Boomerang Strategy: I will exit the trade at the close of the entry bar. Stop Loss: Simple Strategy: 10% of the Average Daily Range Ping Pong Strategy: It's a reversal strategy: I will close the position if I see an entry in the opposite direction. Seahawk Strategy: I will exit using the following profit targets: e-mini S&P: 8 ticks e-mini Dow: 16 ticks 30-year Bonds: 4 ticks Euro FX Futures: 16 ticks Boomerang Strategy: I will exit the trade at the close of the entry bar. Time Stop

I am exiting a trade as soon as I say NO to the following question: "If I wouldn't be in the trade, would I enter based on what I see?"

Other Rules
I am not trading the day before a major holiday I am not trading on a Rollover Day. Once I have achived my daily goal, I will stop trading. I am not trading when I'm distracted or feel sick I will not trade into a major report: I close my trade 5 min before the report is released and consider entering a trade 5 min after the report

Money Management
I am using Fixed Ratio Money Management. My daily goal is $100 per contract and my weekly goal is $200. I choose a Delta of $1,200, i.e. I can increase my position every 6 weeks assuming that I achieve my goals every week.