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GOLD TARGET TO REACH 1200 PIPS SETUP QM BUY VHRTFX Forex Rules 1.0 Trade Process First Phase Find supply and demand in daily/h4 draw a line or box Find pattern(quasimodo/HNS/KING/Engulf) in h1/m15 HIGHER BETTER, snr in area snd of (1) The setup sl must below 5% from capital / Ratio 1:2 above (DEPENDS ON TIMEFRAME AND CHANGE LOT SIZE WHEN SL IS BIGGER) Plot everything on the chart and mark the setup Entry and forget (Stop loss and Take Profit is compulsory) Second Phase Almost hit tp set be Do house work or Backtest ss or go productive Third Phase Hit Sl and lost 5% from capital stop trade for the rest of the day Hit tp and reach target also stop trade for the rest of the day Extra Profit withdraw or transfer to account wallet 2.0 Type of Account Money Management 2.1 Account Control Money Management ( CMM ) Risk 1-3% recommended for 2% from capital per day trade Leverage 1:15 or below so we not using over lot size Target 5% to 30% per month and withdraw the amount that exceed 30% profit When current day have lost reach 3% or 2% Stop Trading for the rest of the day 2.2 Account Full Margin ( FM ) Only trade 1 pair Leverage set the highest your broker can give prefer 1:2000 Never use stop loss Preferable using extra profit capital only!!! Gold , Silver , GBPUSD , GBPJPY Setup Quasimodo, Kink King
TVC:GOLDLong
by UnknownUnicorn11356665
EJ big move hits TP 🎯🏦💰Hello Traders I understand it's always so easy to review a trade when it's played out and ran its course. But this no lie when I say I forgot this one was even running until our script alerted me to take profit target being hit! It's taken 10 days for the 170 pip move to land and how come I forgot about this trade? Because our script is a simple trend follow strategy that presents trades on chart when all confluences are met. At that point we simply enter the trade set the take profit value and stop loss value and let the trade play out. This method of trading has removed all the negative emotions and anxiety that can occur with trading. No temptations to cash profit out too early. No temptations to close too early if retraces happen. We simply enter trades and follow, while sticking to our rigid trading plan. The trading plan in question here is for EURJPY working the H1 chart. I have the script set to a 1:4.5 risk to reward ratio working to a take profit with a tight stop loss. Upon entering trades I have complete confidence the method is profitable due to the script having a built in strategy tester. This strategy tester enables me to back test the desired method before hitting the markets. Back tested data is the best indication we have as traders to how potential strategies could work. The back test data for this pair can be found at the foot of this idea. As you will see from the results which span back to January 2018 this has proven to be a very profitable pair. This gives me great confidence to go forward and execute trades in this manner on the markets. The data is based on a £500 starting capital with 1% risked per. You will see also win rates and draw down is also covered in the stats. For any more information on the script I am using please feel free to drop me a message.
by RichScott
NZD/CAD WAIT FOR CONFIRMATION NZD CAD BROKE the trendline resistance and retest it as per analysis and moving average indication trend is reversed now ans going to make another higher high but market reached a key structure of supply zone if market respects that zone that we can expect a short term bearish position and if it breakes that resistance than we will wait for the retest and confirmation for a long position better to wait for either way confirmation always remember PATIENCE is the key
by Hamaitifx
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