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tntsunrise
Aug 5, 2016 4:10 AM

AUDUSD TRADING PLAN EXAMPLE  Short

Australian Dollar/U.S. DollarFXCM

Description

AUD SHORT AT 1.618 EXT
TOP of the Wedge, RSI

Entry: 0.7661
SL: 0.7680
TP: 10 times of THE RISK, 0.7461

Lot Size Calculate:
20 pips, Risk Amount: 200 USD
Trade: 1 lot
Potential Gain: 2,000 USD

My students are trained to write
this kind of trade plan for every single trade.


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For a Complete Trading Plan, Please include:

Reasons to Enter

Entry
SL:
TARGET
Risk/Reward
Lot Size

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NOW WE HAVE PROFIT AND IT BREAKS THE TREND LINE

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PULL BACK RETEST

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Trade closed: stop reached

Stop Loss hit, exit at 0.7681, lose 20 pips for 1 lot, USD 200.
exit first, that is the decipline, we move to the next good trade.
Comments
Technician
Many others here pretend to be market gurus and mentors, but hide behind and do not have the guts to publish real trades because it will expose they are simply scam. I respect you for not being one of those. Cheers.
tntsunrise
Hi, Technician! Cheers! Thank you for your nice words. Your anaylsis is amazing and your 10 rules of trading is so helpful for new traders. Wish could you meet you some day in the future! and Welcome to Singapore!
Technician
Thanks mate. Its a pleasure to have you here. Surely it would be great to meet, thanks for your kind invitation, it might happen one day.
tntsunrise
Great!
Trillionschifer
Wow... singapore is one of my destinations. There is a hotel there that has this crazy looking pool on the roof. Will most def be checking that out! (Sorry for butting in! Im new)
tntsunrise
MBS
Trillionschifer
Hmmm.... what are your ten rules?
rist
stops gona stop, was great R/R anyhow
sultandefalla
hello sir

is the trade still active or not ?
ty

thundercrypt
I think it is, just put the stop and r/r will be even greater.
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