ForexTradingSchool

Aud/Usd WorkHarder Day-Trading Manual Day #1

Education
FX:AUDUSD   Australian Dollar / U.S. Dollar
Start date: 27 June 2019

30 days day trading project. Day number #1 27 June 2019

Step 1
Look at 50 and 100 days simple moving average on weekly chart, if price is lower then cross over point, we will short. If price higher then cross over point we will long.

Step 2
Look at 5min chart with ATR 288

Step 3
Look at graph everyday at 12midnight

Step 4
Add ATR to 12midnight opening price if we are going long. Subtract atr to 12midnight price if we going short.
This will be your entry price.
Wait for 24 hours, if price not triggered, please cancel order.

Step 5
Cancel order if trade did not take place the next day.

Step 6
Repeat step 1 on 12mn

To know when to take profit please keep track of my aussie idea

Current price during analysis
0.69898 at 12mn
27 Jun 2019

short when price hit 0.7098
by 27 June 2019
+8 GMT

If price does not hit 0.7098 by 28 Jun 2019 12mn, position will be cancelled.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.