I m planning to journal all my trades here.
System: H4 Power by 60minuteman.
http://www.forexfactory.com/showthread.php?t=421431
Risk:5% per trade
Basic Rules:
1) Trade in the direction of previous H4 close.
2) Enter when M15 englufs in the same direction.
3) TP is not fixed. Trade will be closed watching the reaction at SR
5) Risk to reward > 2
About my chart
magenta line shows monthly SR
System: H4 Power by 60minuteman.
http://www.forexfactory.com/showthread.php?t=421431
Risk:5% per trade
Basic Rules:
1) Trade in the direction of previous H4 close.
2) Enter when M15 englufs in the same direction.
3) TP is not fixed. Trade will be closed watching the reaction at SR
5) Risk to reward > 2
About my chart
magenta line shows monthly SR