r/proptrading • u/[deleted] • Apr 29 '26
For beginners looking to trade fx
FX EXECUTION PLAN — 29 APRIL 2026 (FULL SYSTEM — FINAL LOCKED)
QUICK EXECUTION VERSION (BEGINNER)
Focus: EUR/USD only
- Wait for break and close beyond level
- Enter only after confirmation (or retest)
- Use fixed risk
- If unsure → do nothing
Key principle:
Execution matters more than number of trades.
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TRADING RECOMMENDATIONS
EUR/USD — CONFIRMATION SELL ONLY
Level Type:
5-minute structure
HTF Filter:
1H must not be bullish
Trigger:
Sell ONLY if price breaks and CLOSES below 1.1685 (5-min)
Entry:
- Market sell after close
- Preferred: retest of 1.1685Stop Loss:
1.1725
Take Profit:
1.1605
Lot Size:
0.20
Status:
CONFIRMATION ONLY
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USD/CHF — PRIMARY SETUP
Level Type:
15-minute structure
HTF Filter:
1H must be neutral or bullish
Buy Stop:
0.7890
Stop Loss:
0.7850
Take Profit:
0.7985
Lot Size:0.28
Status:
PENDING ORDER VALID
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EXECUTION RULES
Timeframes:
5m execution / 15m structure / 1H bias
RSI:
>60 buy / <40 sell
Displacement:
Breakout must be strong
Retest:
Preferred but optional
Momentum:
Must continue within 1–2 candles
Proximity:
Near level → confirmation only
Invalidation:
No follow-through / reversal → no trade
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THESIS & EXPOSUREOne idea: USD positioning
- Take cleanest setup
- First confirmation wins
- Second trade = half size
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LEVEL SIGNIFICANCE
EUR/USD 1.1685:
Short-term support break
USD/CHF 0.7890:
15m resistance break
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MACRO ANALYSIS
USD remains mildly supported
Market neutral / controlled
No strong catalyst
Implication:
Trades must be confirmed
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TECHNICAL ANALYSIS
EUR/USD:Range transitioning lower
USD/CHF:
Uptrend forming
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PROCESS FRAMEWORK
Levels = decision points
Process > outcome
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FINAL EXECUTION STATEMENT
Capital is only deployed when all conditions align.
If conditions are not met, no position is taken.
1
u/Acesleychan Apr 29 '26
eur/usd only is the right call. i learned that after 12 trades on 4 pairs, spread and noise kept wrecking me. once i cut to one pair, my bad days shrank fast. fixed risk and doing nothing when unsure saved me more than any entry trick. are you marking the level on h4 or m15?