Risky trade to enter now because possible it continues to make a flag, safe play to put a stop loss to grab the opportunity.
1. Waiting to break demand and support trendline to go short.
2. Double Top still holding strong cause price hasn't broken above. This is a reversal pattern take note.
Entry: 0.63878
SL: 0.64358
TP: 0.62488
Priority:
1. Stop loss must smaller than your take profit.
2. Must at least 2 reasons why you enter the trade.
3. Trade and Forget.
Psychology:
1. Not all setup is valid, its fact.
2. Trading is predicting the market.
3. The only way to win in Forex is by controlling your lot size and your risk to reward ratio.
4. Sometimes when the price hit your stop loss but you still follow your SYSTEM, its still a good trade. READ IT AGAIN!
Money Management:
1. Lot size:
Acc 100 USD : 0.01 lot
Acc 1000 USD : 0.1 lot
Acc 10,000 USD : 1.0 lot
Acc 100,000 USD : 10.0 lot
Acc 1,000,000 USD : 100.0 lot
2. Risk of an account max is 1%-3% from the capital in your current running trades.
1. Waiting to break demand and support trendline to go short.
2. Double Top still holding strong cause price hasn't broken above. This is a reversal pattern take note.
Entry: 0.63878
SL: 0.64358
TP: 0.62488
Priority:
1. Stop loss must smaller than your take profit.
2. Must at least 2 reasons why you enter the trade.
3. Trade and Forget.
Psychology:
1. Not all setup is valid, its fact.
2. Trading is predicting the market.
3. The only way to win in Forex is by controlling your lot size and your risk to reward ratio.
4. Sometimes when the price hit your stop loss but you still follow your SYSTEM, its still a good trade. READ IT AGAIN!
Money Management:
1. Lot size:
Acc 100 USD : 0.01 lot
Acc 1000 USD : 0.1 lot
Acc 10,000 USD : 1.0 lot
Acc 100,000 USD : 10.0 lot
Acc 1,000,000 USD : 100.0 lot
2. Risk of an account max is 1%-3% from the capital in your current running trades.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.