ALERT SIGNAL FOR POSITIONAL
TRADE ALERT SIGNAL
BLACK LINE- LIMIT 1 AND 2
RED LINE- STOPLOSS
BLUE LINE - TARGET
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HOW DAILY( DIT ) SIGNAL IS VALID
FOR DAILY INCOME TRADER( DIT )
1,IT IS VALID UPTO 24HOURS ONCE IT HITS THE ENTRY
2,ONCE PAIR CROSSED 10 PIPS,MOVE YOUR TRAILING STOPLOSS TO 2 BREAKEVEN OR ENTRY
3, WAIT FOR TARGET OR EXIT AT YOUR OWN COMFORT
MONEY MANAGEMENT RULES
Let’s say, If you have 1000 USD trading balance, you can use Maximum 0.10 lot (0.02+0.03+0.05 = 0.10 lot is the addition of all your open trade lot sizes).
0.10 lot should be your maximum open lot on your 1000$ trading account.
10,000 USD balance = 1 lot maximum (Example : 0.25 lot x 4 orders = 1 lot)
50,000 USD balance = 5 lot maximum (Example : 1 lot x 5 orders = 5 lot)
If you are more emotional(tension, sad, greedy) while trading, You can change your leverage below 1:50 to control your emotions.
*SUBJECTED TO MARKET RISK
Understanding the importance of each or these trading rules, and how they work together, can help traders establish a viable trading business. Trading is hard work, and traders who have the discipline and patience to follow these rules can increase their odds of success in a very competitive arena.
Personally, I like to use a system that has the highest reward to risk, which means that I tend to look for turning points at levels because these are the points where it is easiest to identify and quantify the risk. Support is not always strong enough to stop a falling market, nor is resistance always strong enough to turn back an advance in prices. However, a system can be built around the concept of to give a trader the edge required to be profitable.