Gold 77
I will not say it is a good or bad plan... it just suits me .
before i let you know what i do ,i need to let you know of why i do it.
I am semi retired ,and i don't trade the market as a living,... i work part time and reason for that is to get out the house for a few hours every day,and i trade the market so i won't allow my brain to collect saw dust
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Now to how i trade: I use CFD's & trade anywhere from 10 to 80 CFD's/trade (depends how confident i am at the moment) 98% of my tradings are done between 9:50 to 10:40.
I wake up and have a look at what the overseas market did and how commodities did as well,at that point i am half way of decided of which way i will be trading,than i wait to see of how the market reacts between 9:50 to 10:00 (when it resets) and most of the time i do my trade.... this way it doesn't always work,sometimes i don't trade at all,than during the day i pop in and out to look how it is behaving and sometimes i do another trade when i trade during the day,i use the 1 & 5 min chart and wait for the 20ma to cross or about to cross the 50 ma,and if the macd correspond with the ma, i go for it.
Like i said above i don't know if it good or bad plan/system i do,but it works for me.
Cheers and good luck to all
(20min delay)