I just wanted to stop in and introduce my new thread. Starting for Monday Jan 16th, I will be posting actionable trades for at least 8 pairs and maybe a couple of bonus pairs thrown in.
These trades will be specific spots to enter a trade with a tight stop loss (12-15 pips) and an equivalent profit target. We normally get a good reaction within the first 30 min bar after we enter. Either get our money or get stopped out and move on.
I look forward to seeing everybody for Mondays trades.
Quick Rule Set for Mondays trades.
1) DO NOT trade during "Red" Macroeconomic news
2) SL for these trades is 15 pips
3) TGT for these trades is 15 pips
4) Move stop to BE after 8 pip move in your favor
5) BE is BETTER than a loss
6) Levels are good for the next trading day only
7) I will publish levels by 8pm EST for the next days trading
8) Use proper Money Management ....my preference is for 1/2% per trade so that I can take all of them
9) There will always be another Trade.....don't sweat the small stuff
10) MOST IMPORTANT!!! HAVE FUN
MANY GREEN PIPS!