DislikedRules 1. London Market Trading - GBP/USD - 15 Minute Chart 2. Print out News Calendar - No trades 30 minutes before or after news. If your in a trade - either exit or really tighten stop Loss. 3. Use Fractals on your chart to visually see and measure swings. 4. Put Tokyo Channel on your Charts - - - 40+ pip spread hi/lo minimum before trading. *** Very Important. 5. Swings should average 20 to 40 pips or more. 6. Enter on second candle using top/bottom of first candle for entry level. Use Buy stop or Sell Stop orders. 7. Exit on big numbers...Ignored
Rules
1. London Market Trading - GBP/USD - 15 Minute Chart
2. Print out News Calendar - No trades 30 minutes before or after news.
If your in a trade - either exit or really tighten stop Loss.
3. Use Fractals on your chart to visually see and measure swings.
4. Put Tokyo Channel on your Charts - - - 40+ pip spread hi/lo minimum before trading. *** Very Important.
5. Swings should average 20 to 40 pips or more.
6. Enter on second candle using top/bottom of first candle for entry level. Use Buy stop or Sell Stop orders.
7. Exit on big numbers of 00 or 10 or 20 or 35 or 50 or 65 or 80 or 90.
These numbers are your target levels.
8. Lost Trade - Re-enter on the next swing doubling your lot size.
If second trade loses go back to normal lot size.
Swings average 20 to 40 pips on 15 minute time frame. On other time frames the swing size will be different.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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