TESTING YOUR TRADING PLAN

FOREX MASTERY 101: THE DETAILED VERSION OF A TRADING PLAN AND HOW TO USE IT TO PROSPER.

I trade because this is one of my MAIN sources of income. I have to

use this skill to not only provide for myself and my career but my
family. This was my way out. To remain where I am and keep moving
forward without going back to where I came from, I need to take this
very seriously. I know that I will not become wealthy over night but
through a continuous effort and work on MY behalf, I can make this
work for me.

God

Family
Freedom

1. WHY
TYLER KENDALL MOORE

2. FOREX GOALS

$2,000 a Day

TYLER KENDALL MOORE

Implement the 2K a day formula to reach my goal

by consistently using the same lot sizes, scaling up
each week, then starting from the previous lot size
and quota for the following month.

Buy Studio Time

I need to allocate the right amount of time to Forex

and my entertainment career by reaching my daily
quotas and managing my funds accordingly,
withdrawing once a month.

Manage My Risk

I will master my risk by managing to only have a few

positions in at a time, not overtrading, not trading
emotional, and if I miss an opportunity, I wait until
the next to pursue.

If $2,000 a day x 5 days a week

= $10,000/wk
And $10,000 x 4 weeks in a
month = $40,000/mo
How would your life be
different?
So $40,000 x 12 months a year
= $480,000.00 a YEAR just
trading,
from ANYWHERE you
choose in the world.
Let's scale it down.....

TYLER KENDALL MOORE

On a $100 account. (Month #1)

SCALE UP! (Month #2)

SCALE UP (Next Month 3)

Week 1: $25 a day x 5 = $125 +

$100 (Balance: $225)

On a $1300 account.

On a $10,550 account.

Week 1: $100 a day x 5 = $500 +

$1300 (Balance: $1800)

Week 1: $1000 a day x 5 = $5000

+ $10,550 (Balance: $15,550)

Week 2: $250 a day x 5 = $1250 +

$1800 (Balance: $3050)

*Week 2: $2500 a day x 5 =

$12500 + $15,550 (Balance:
$28,050)*

Week 2: $50 a day x 5 = $250 +

$225 (Balance: $425)
Week 3: $75 a day x 5 = $375 +
$425 (Balance: $800)
Week 4: $100 a day x 5 = $500 +
$800 (Balance: $1,300)
"WHOAA!!! That's a $100 investment
to $1300 in ONE month,
that's HUGE."

Week 3: $500 a day x 5 = $2500 +

$3050 (Balance: $5550)
Week 4: $1000 a day x 5 = $5000
+ $5550 (Balance: $10,550)
In just TWO
MONTHS your $100 investment is
now $10,550. How would an
extra $10,550change your life?

Week 3: $5000 a day x 5 = $25000

+ $28,050 (Balance: $53,050)
Week 4: $10000 a day x 5 =
$50000 + $53,050
(Balance: $103,550)
In 3 months
of CONSISTENTLY using the 2K
A DAY FORMULA you could
possibly turn$100 into $103,500.

3. THE PLAYBOOK
Strategy #1

Strategy #2
1. Look for
profit target

Buy Low / Sell High

If Daily High

SELL

If Daily Low

BUY

TYLER KENDALL MOORE

2. Play off
reversals
3. Seek out price action
patterns, levels, news
and any indication that
will lead me know if I
should take a position.

BAIT & SWITCH

If daily high
/ low

BUY/SELL

Before
taking a
position

Look left for clues, then right

INCASE it continues UP or DOWN.

Exiting the
position

STRATEGY #1

TYLER KENDALL MOORE

Use a take profit @ 100-200

pips, after 100-200 pips use a
trailing stop.

Buy Low / Sell High

Bait: Use a small lot on a position

youre not sure of, if it slips against
you, its now, LIVE BAIT.

Switch: Now that your bait

is live, if it runs 100 pips or
more against you, NOW is
the time to DOUBLE UP
and ride it down/up.

PROFIT

IF IT GOES TOO FAR. SET A STOP

LOSS OR EXERCISE THE PROPER RISK
MANAGEMENT. EVEN IF YOURE
USING THIS MOVE,YOU SHOULDNT
BLOW AN ACCOUNT.

STRATEGY #2

TYLER KENDALL MOORE

Bait & Switch

4. What time do you trade?

This is one of the most IMPORTANT aspects to your trading plan. Theres 24 hours, 5
days a week to trade but that doesnt mean you should be trading all 24 hours.
I trade LONDON / NEW YORK sessions

3am 5am PST then 5am 9am PST

TYLER KENDALL MOORE

I use the weekends to study

I get back on and trade again in the later sessions, 8pm PST

5. WHAT SIZE LOT PER TRADE? (RISK MANAGEMENT)

Account Size

Trade Size

$100

0.01 0.05 MAX until $200

$1000

0.50 1.00 MAX until $2500+

$10,000

1.00 5.00 MAX until $25,000+

$100,000

5.00 25.00 MAX until $250,000+

REMEMBER: Never risk what you CANT AFFORD TO LOSE.

DO NOT OVERTRADE
Hit your daily goals and either come back the next day to trade, trade demo or scale down until the next day, then
resume your plan, especially if youre using the 2k a day formula.
TYLER KENDALL MOORE

BONUS:

FOREX MANTRAS TO MAKE YOU A MONSTER

Fun Rhymes About Winning

Ohhhh, you got 10 wins, find the trend, and play

again.
If youre winning and youre winning, scale it down

then and grab your chickens, you dont want to give

your winnings to the henchmen.
Dont be afraid to take risk, be smart, hunt trades

and get rich.

TYLER KENDALL MOORE

Fun Rhymes About Losing

3 loses take your clubs and go golfing.

Fool me once, wont fool me again, because the next

time you move, Ill see it and win.

Market makers, maker markets, tired of you reaching

my target, market makers, maker markets, try and

stop me out but I didnt have my stop set.