I will try hard to keep to these ones!
- Try to enter trades at high probabilty moments (S/R Lines or EMA combined with candlestick patterns).
- Try and wait for a break and re-test.
- No FOMO, no revenge trading.
- Use a hard stop and take profit (at least 1:1).
- Give the trade time to run.
- Use a trailing stop where possible.
- Don’t trade the open or close (US/UK).
- Ideal trading times: 10:30-13:30 and 16:00-20:00.
- Trade on the lower time ranges (1/5 minutes) whilst keeping an eye on the others.
- Mark out main support/resistance levels.
- Use the 20EMA as another S/R line.
- Watch for any channels and trends (view the Heikin Ashi candles occasionally as they can give a clearer depiction of trends).