Hi Everyone,
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.
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DO NOT trade during “Red” Macroeconomic news
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SL for these trades is 15 pips
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TGT for these trades is 15 pips
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Move stop to BE after 8 pip move in your favor
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BE is BETTER than a loss
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Levels are good for the next trading day only
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I will publish levels by 8pm EST for the next days trading
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Use proper Money Management …my preference is for 1/2% per trade so that I can take all of them
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There will always be another Trade…don’t sweat the small stuff
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MOST IMPORTANT!!! HAVE FUN
MANY GREEN PIPS!