Just shorted AUDUSD with a potential continuation pattern.
Before we jump on the trade idea here is the actual process based on that PDF above of how we started this day:
I prepared my day using the exact process that is shared in the videos and the PDF I shared with you all:
The first thing I did was prepare:
- my position sizing (conservative, moderate & aggressive)
- My profit & excess profit targets for the London session (5% and 10% of balance)
- My 7.5% trading halt limit (if reached, trading stops)
Once that was done I took complete responsibility for my trading & results by agreeing to create my day and not be a reactive little boy to what is happening. And that means now my day can only end in 1 of 4 ways
1. Big profit
2. Small profit
4. Small loss
No matter what, if I end in one of these 4 levels my day will be a success
Now that all that is out of the day... lets start the analysis process
Check momentum using 13 and 30 DC
Locate key levels
Check for any of the 3 candles we use
Scout for patterns
Locate precision trade!
HERE IS A TRADE EXAMPLE: AUDUSD SELL
Attached Image (click to enlarge)
Click to Enlarge
Name: audusd . JPG
Size: 255 KB
Momentum is as price is below 13 and 30 DC
Decent rejection and indecision candles the last few hours and price is stuck to 5EMA and below 20EMA
contraction pattern-finding resistance at 38.2% of recent high and low
MY PROFIT TARGETS CAN BE SEEN ON THE 10MIN CHART
We Make Real Traders, With Rea Skills.
Test us for 7 days for just 9.99.