TIMFRAME:

SETUPS

CHECKLIST BEFORE ENTERING A POSITION

TRADE MANAGEMENT

<aside> 💡 PROFIT TARGET

  1. 3RR (or LHF inside PDAs) </aside>

<aside> 💡 TRADE EXIT

  1. 50% position at 2RR & move SL to BE
  2. SL lock in Profit at 3RR and trail stop above 3RR
  3. Exit an open intraday position before a HIGH IMPACT NEWS
  4. Do not adjust stop-loss after entry. </aside>

<aside> 💡 RISK MANAGEMENT

  1. Risk 0.5% per trade AT or BELOW Break Even
  2. Only 2 TRADES PER DAY.
  3. Above BE, risk 1% Per Trade
  4. After a loss above BE, Cut risk by half </aside>

<aside> 💡 REASONS TO CANCEL A TRADE

  1. Consecutive candle displacement towards entry
  2. Price consolidating at point of entry
  3. Fundamental DATA release or Global impact </aside>

<aside> 💡 EMOTIONAL MANAGEMENT

  1. I will avoid trading when I am distracted or unmotivated.
  2. will avoid trading when I haven’t had a good rest
  3. Avoid trading on an empty stomach </aside>