DAILY ROUTINE TRADING PROCEDURE

Morning: wake up about 6 o’clock –complete (prayer and morning routine) then start trading
procedure
Step 1- CORRELATION OF THE PAIR
 What is the pair of the majority?
 Which pair is strong compare to the other moves in the same direction?
(select the nearest resistance)
 Does big boys involve?

2-STATE OF THE MARKET

 What is the state of the market? (is trending, range market or channel)

3. TECHNICAL ANALYSIS (price action)

 Does activity started?(look time for session if its Tokyo, London or NYC)
 What is FX factory on news and time session?
 How is the momentum and health of the trend? (exhaustion candle)
 What direction does the moving average say?
4. TIMING- (entry)
 Does momentum slow down?
 What does divergence show?
 What time of the day and session?-is the reason for slow down
 Is buying and selling trap done? For buy to work need sell verse-verse
 Does moving average reach to oversold and over bought?
 Where is location of volume profile where most order sited?
 Does the price test the territory of the buyer or seller?
 Do candlestick analysis and the entry

5-RISK MANAGEMENT-(exit)
 What percentage you will lose compare to your capital?
 Use ATR to calculate the approx. time for reviewing your entry?
Note:
 remember emotion movement of price is support and resistance
 Do not look on the reversal without test the territory of buyer or seller
 If you want to sell you need price to shock the trader to do buying and vice-versa is true