Hello,
Fellow forex traders it’s been very long learning journey that has taken me almost 8 years to find this system or strategy or a method as some would call.
Some of the rules or routines I follow in this system includes the following:
1. Take trades only on longer time frames
2. Always enter a trade with Risk: Reward ratio of 1:1.5 and above
3. News has null effect when you are watching longer timeframes, as most politicians and bankers speak plain bulls***
4. You cannot win always and stick to your trade plan until you are dead. There will be lean months.
5. Risk no more than 1% on any trade even you are 1000% confident and never risk more to recover your loss.
Follow these five rules and nobody can shake you in this market!
Coming to the system I trade I use a simple form of trendline trading, taking trades from trend breakout, fakeouts and testing the trendlines.
Happy trading
Pip trader
Fellow forex traders it’s been very long learning journey that has taken me almost 8 years to find this system or strategy or a method as some would call.
Some of the rules or routines I follow in this system includes the following:
1. Take trades only on longer time frames
2. Always enter a trade with Risk: Reward ratio of 1:1.5 and above
3. News has null effect when you are watching longer timeframes, as most politicians and bankers speak plain bulls***
4. You cannot win always and stick to your trade plan until you are dead. There will be lean months.
5. Risk no more than 1% on any trade even you are 1000% confident and never risk more to recover your loss.
Follow these five rules and nobody can shake you in this market!
Coming to the system I trade I use a simple form of trendline trading, taking trades from trend breakout, fakeouts and testing the trendlines.
Happy trading
Pip trader
Holy Grails! Do exist with a proper forex plan
