Hi,
Potential trading today EURAUD. After price retrace and make a gap to swing, there are few confirmation to take into note.
If you look at my trading history, there are large drawdown, manage your own money management, for me I know how much money Im ready to loss, so for each trading you have to manage money you are willing to loss for each trading.
Potential trading today EURAUD. After price retrace and make a gap to swing, there are few confirmation to take into note.
- Identify the MA 50 on Daily Chart Only (High Accuracy) & (More Time Outside and Not Stay Glue In Front Of Your Computer).
- Identify the last candle retrace to the MA 50. Patient needed.
- Don't find opportunity? Try to find other currencies.
- Use the last candle as a breakout if the price swing up again.
- Stoploss use mentally stoploss, after close from previous candle.
- Take Profit, use higher high. or look at the chart below.
- Only repeat this setup everytime to trade.
If you look at my trading history, there are large drawdown, manage your own money management, for me I know how much money Im ready to loss, so for each trading you have to manage money you are willing to loss for each trading.
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