My Notes

My notes based on this thread.

Please don't comment in this journal. For me to post only. PM me if you want to talk about anything regarding this journal.

The system is not mine. All credits to BrokerTrader

https://www.forexfactory.com/showthread.php?t=970975

Trade 1

+90 pips

Single position entred - need to work on getting to 3-5 as per thread rules or your own

Establish exit criteria although I exited the Thursday before NFP Friday.

Waiting for a new signal.

Possible trade setting up

The first position entered.

2nd position entered on the test of the MA

SL to BE

R:R

First short






Pending short placed at test of SMA with R:Rs placed.

T2 TP1

Will continue to monitor the R:R

TPs vs Reversal exit

Front run your pending a bit to the SMA

R:R key to review.

The SL placement will affect the ease in which the 2:1 and 3:1 RR can be achieved.

The order on the retrace will have the best possible and I might increase that order to 2*Risk of the first order. - Test this!

If the first trade is a runner and no retest entry then R:R should be 2:1 or 3:1 for the first half of trade (or maybe split trade in 3, test....) and last bit on a reversal signal.