17 May 2022 (Trade Example): EURAUD

 EURAUD short trade on 17/05/22

- Hourly chart:-

- Entry time 9:15am 

- Risk (21 pips stop) 0.4% of account blance.

Data from the other 2 timeframe:-

Update:-

- Trade possibly give 1R profit, as price return to upside.

- Profit need to be locked otherwise it get back to entry price or worse case hit stop for a loss trade.

Below is a better pair to trade and will give better result (AUDJPY long trade). With max 10.5R profit (126 TP & 12 SL)

- 4 hour & 5 minutes chart:-

17 May 2022 (Trade Example): GBPCHF

GBPCHF long trade on 17/05/22

- Hourly chart

- Entry time 12:00 midnight 

- Risk (23 pips stop) 0.4% of the account balance

- Support by 2 others timeframe:-

 

Update:-

- Trade able to close with good profit

- Possible to give max 6.2R profit (143 pips TP & 23 pips SL)

28 Apr 2022 (Trade Example): GBPCAD

 GBPCAD short trade on 28/4/22

1 hour chart:-

4 hour chart:-

15 minutes chart:-

Trading Rules

 Short Trade Rules:-

In hourly chart

- Price retest at least (rejected) at 2 MA high or 1 MA high and mid BB.

- If retest all 3, (2 MA & mid BB) is even better.

- MA should close to each other.

- Retest should near mid BB.

- Price below mid BB.

In 4 hour chart:-

- All mid BB, MA high, MA low and low BB must be parallel to each other. The wider the distance is better. (it show price got momentum to continue to the down direction).

In 15 minutes chart:-

- This rule is a discretionary.

- Better if high MA is outside the top BB. (not compulsory)\

- Can be a candlestick formation like shooting star, hanging man, engulfing. (it must very near or touch top BB).

- Show some failure to penetrate top BB.

Entry:-

- If all criteria is there, then entry can be set at 1 pip lower than the lowest point of retest bar in hourly chart.