Trading Strategy 03/06/23
- 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, no over trading, no greedy trades, no boredom trades.
- Maximum 5 trades per day so choose only the best entries.
- Use a hard (mental) stop.
- Take profit when you can to meet the daily target.
- Use a trailing stop where possible.
- Don’t trade the open or close (US/UK/Asia).
- Try and trade the 5 minute charts but keep an eye on the others (see which one has the best touch on price pull back).
- 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).
Previous Strategies