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Daily Routine Trading Procedure
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?
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