SELL LIMIT GBPJPY AT 134.313
ENTRY: 134.313
SL: 134.756
TP: 132984
Priority:
1. Stop loss must smaller than your take profit.
2. Must at least 2 reasons why you enter the trade.
3. Trade and Forget.
Psychology:
1. Not all setup is valid, its fact.
2. Trading is predicting the market.
3. The only way to win in Forex is by controlling your lot size and your risk to reward ratio.
4. Sometimes when the price hit your stop loss but you still follow your SYSTEM, its still a good trade. READ IT AGAIN!
Money Management:
1. Lot size:
Acc 100 USD : 0.01 lot
Acc 1000 USD : 0.1 lot
Acc 10,000 USD : 1.0 lot
Acc 100,000 USD : 10.0 lot
Acc 1,000,000 USD : 100.0 lot
2. Risk of an account max is 1%-3% from the capital in your current running trades.
3. Using Ratio 1:3, in 10 trades, lose 7 and win 3 you still win the market.
SL: 134.756
TP: 132984
Priority:
1. Stop loss must smaller than your take profit.
2. Must at least 2 reasons why you enter the trade.
3. Trade and Forget.
Psychology:
1. Not all setup is valid, its fact.
2. Trading is predicting the market.
3. The only way to win in Forex is by controlling your lot size and your risk to reward ratio.
4. Sometimes when the price hit your stop loss but you still follow your SYSTEM, its still a good trade. READ IT AGAIN!
Money Management:
1. Lot size:
Acc 100 USD : 0.01 lot
Acc 1000 USD : 0.1 lot
Acc 10,000 USD : 1.0 lot
Acc 100,000 USD : 10.0 lot
Acc 1,000,000 USD : 100.0 lot
2. Risk of an account max is 1%-3% from the capital in your current running trades.
3. Using Ratio 1:3, in 10 trades, lose 7 and win 3 you still win the market.