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TRADE PLAN
Risk Management
âą Max 1% risk per trade(personal acct) and 0.5% risk per trade(prop firm acct)
âą Max 2 trades a day
âą Max loss to intake a week 4%(for personal acct, half of this for prop firm)
Pairs to focus on
main focus; EURUSD and GBPUSD
Time of the day to trade
London and new York session
N/B : Never trade on Mondays
Entry and Exist rule
âą Premium and discount levels
âą Trend continuation; trade off BB, OTE (Never trade the peak, follow the trend, never try to start the trend)
âą Only take a trade after stop hunt/manipulation(Liquidity grab/raid) + BOS + RTFVG/OB
âą OSOK
âą Exit once at 3R(If beyond close 80% at 3R and BE) or at previous swing lows/ highs or a previous FVGs and any block showing Institutional sponsorship.
Time frames to use
âą Monthly, weekly, and daily for directional bias
âą 4H and 1H for setups; Look for range created here. Range must have created a stop hunt and an OB with displacement. It must show a willingness to go higher or lower.
âą 15M, 5M, 3M and 1M for entries; transpose the 4H and 1H levels for low risk entry(setup), using MSS + FVG on mostly 3m for entries/BOS+RTO+FVG and the various blocks after a manipulation.
