BASIC STRATEGY GUIDELINES
1. TIMEFRAME: D1
ZOOM INTO smaller timeframe like M5 or M15 to see better.
2. StopLoss & TakeProfit
7-10 Pips
3. No Trading on Sunday or First Day of the Week
NOTE: You can trade Sunday, This is just my personal preference to avoid sunday candle confusion
BUY RULES
1. Previous day's Close Above Monthly and Weekly Open
2. Buy 1 tick above the previous days HIGH
EXAMPLE
1. TIMEFRAME: D1
ZOOM INTO smaller timeframe like M5 or M15 to see better.
2. StopLoss & TakeProfit
7-10 Pips
3. No Trading on Sunday or First Day of the Week
NOTE: You can trade Sunday, This is just my personal preference to avoid sunday candle confusion
BUY RULES
1. Previous day's Close Above Monthly and Weekly Open
2. Buy 1 tick above the previous days HIGH
EXAMPLE
- Close Yesterday was above Weekly & Monthly Open Lines
- Yesterdays High is 0.89620
- Buy TODAY if Price goes 1 Tick Above Yesterdays High. Or Buy if Price goes at least 0.89621
SELL RULES
1. Previous day's Close Below Monthly and Weekly Open
2. Sell 1 tick above the previous days LOW
EXAMPLE
- Close Yesterday was below Weekly & Monthly Open Lines
- Yesterdays Low is 1.35608
- Sell TODAY if Price goes 1 Tick Below Yesterdays Low. Or Sell if Price goes at least 1.35607
SECOND TRADE STRATEGY
FOR TESTING PURPOSES ONLY AND NOT YET TESTED, TRADE AT OWN RISK
LOGIC: If the first breakout attempt was a bit "SHY", the second attempt should be stronger
1. IF First Trade was A Loss, Open another Trade on the SAME Level of the First Trade
2. Set StopLoss Same as Previous
3. Increase Takeprofit By 50%
FIRST TRADE HIT STOPLOSS (-10Pips)
PREPARE 2ND TRADE
2ND TRADE WON (+15 Pips)
Indicators:
Attached File(s)
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Attached File(s)
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Profit is on the other side of your mind