TRADING RULES

BEFORE TRADING:-

1. CHECK THE NEWS CALENDER

2. CHECK THEDIRECTION OF THE MARKET (TREND)
3. CHECK THE HIGHS AND LOWS OF THE LAST 24 HR.
4. OBSERVE THE OPENING AND CLOSING OF EACH CANDLE WITHING THE LAST 24
HRS
5. CHECK THE LAST 4 RESISTANCE AND SUPPORT ZONES
6. CHECK THE TIME OF DAY:
 3am-10am - (USD,EUR,GBP,CAD)
 7pm-10:30pm (NZD,AUD,CHF,JPY)

7. OBSERVE CONSOLIDATION/HIGHS AND LOWS (RANGE)

8. MARK TREND LINES OR ASENDING OR DECENDING TRIANGLES
9. IF USING EMA's LOOK OUT FOR THE LOCATION OF THE HIGHER EMA's
10. LOOK OUT FOR SPECIAL CANDLE FORMATIONS:-
 HANGING MAN
 INSIDE REVERSAL (SWING ABOVE (BULLISH RUN) OR BELOW (BEARISH
RUN) AND CLOSE ON THE INSIDE OF THE PREVIOUS CANDLE). IF PREVIOUS
CANDLE IS BULLISH, INSIDE REVERSAL CANDLE IS BULLISH.
 BULLISH AND BEARISH ENGULFING
 TWEEZER TOPS AND TWEEZER BOTTOMS
 DOUBLE TOPS AND DOUBLE BOTTOMS
 * INSIDE BARS *

11. RAPID INCREASE/DECREASE IN VOLUME WILL SEE A RETRACEMENT/REVERSAL

12. LOOK OUT FOR REVERSAL SIGNALS TOWARDS THE END OF A CONSOLIDATION
(CANDLES MAY GO UP OR DOWN THEN CHANGE DIRECTION)

13. IN A BULLISH RALLY, JUST BEFORE THE TOP OF THE RALLY, ABOUT 3/4 WAY,
THERE MAY BE LONG TOP WICKS FORMING ON THE BULLISH CANDLES(INVERTED
HAMMER OR SHOOTING STAR) THIS MEANS THE MARKET IS EXPERIENCING
EXHAUSTION AND IT WILL SOON CHANGE DIRECTION. THE SAME IS TRUE FOR
THE REVERSE (HAMMER) IN A BEARISH MOVE.