How I Trade
- Identify Gartley/Butterfly Pattern
- Use Candlestick formations and Fibonacci levels to help determine the most likely place the Market will turn.
- Set appropriate Stop-Loss & Profit Target levels: Stops are set using the historical average daily trading range for the currency pair. Profit Targets are set using Fibonacci Retracement levels. Usually 38.2, 50.0, and 61.8.
- I like to have $800 to $1200 in trading capital for each 10K (Mini) lot I am trading. Calculate how many lots you can trade using these amounts as a guideline.
No comments:
Post a Comment