NZDJPY SHORT 21 May, 2020
"Rule #1: Don't lose MONEY
Rule #2: Don't forget Rule#1"
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*Rule:
- Max RISK 2% per trade.
- Max RISK 6% Capital per month.
- Return 1%-3% per month, 12%-36% annual.
- SET & FORGET
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Analysis:
#Bigger Time Frame:
- Weekly -> Down -> SELL
- Daily -> Ranging: test Resistance level -> Sell
#Trading Time frame:
- Hour 4: Pin par + False Break out
-> SELL at Supply Zone
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*Open Trade:
SHORT
ET:66.035
SL:66.235
TP:64.601
R/W: 1:7
Reject after 4 hours if not hit.
Rule #2: Don't forget Rule#1"
-------------------------------------------
*Rule:
- Max RISK 2% per trade.
- Max RISK 6% Capital per month.
- Return 1%-3% per month, 12%-36% annual.
- SET & FORGET
--------------------------------------------
Analysis:
#Bigger Time Frame:
- Weekly -> Down -> SELL
- Daily -> Ranging: test Resistance level -> Sell
#Trading Time frame:
- Hour 4: Pin par + False Break out
-> SELL at Supply Zone
--------------------------------------------
*Open Trade:
SHORT
ET:66.035
SL:66.235
TP:64.601
R/W: 1:7
Reject after 4 hours if not hit.
Trade closed: stop reached
MISSED TRADENOTE: move SL level higher Pin bar some pips
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