chaltonmoyochadd
New Member
1. Stop trading every day. 2. Show up every day, but if there is no set up then there is no trade. 3. Learn to become highly selective 4. Trading hours should be from the end of the Asian session and into the London open for 4 hours. Then take a break. Then look for reversal setups at the opening of the US session for 2 - 4 hours. 5. Always enter positions in their consolidation levels where possible. This should be done when there have been a number of signals or triggers at a time when you believe the HOD or LOD has been or is forming. If you do not, if you take trades after price has begun moving, then you are effectively chasing the trade which has a negative effect on the size of your stoploss, and therefore the size of your trade and therefore profitability. 6. Ensure that you only trade on the basis of closed candles, preferably with multiple confirmations. 7. Only take trades at the peak formation highs and lows on the intraday cycle. This will be an even stronger signal if it also lines up with a peak formation high or low in the three-day cycle. 8. Rather than aiming to make many pips per day to achieve your income targets, use a method which is highly reliable and ramp up your contract size. 