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SMPTrader
Sep 17, 2019 8:29 AM

Possible USD/CHF Short Position!!  Short

U.S. DOLLAR / SWISS FRANCICE

Description

SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY


SMP Strategy

Chart time frame - H4
Timeframe - 1-3 Days
A – Activating Event
Market will meet resistance in zone @ 0.997 - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.981
C - Fundamentals
USD FOMC Rate Decision on the 19th Sept @0400 AEST
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 0.981
Target 2 @ ....

Risk/Reward @ 3.5.1

Happy trading :)


Follow your Trading plan, Remain disciplined and Keep learning !!


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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Comments
Pim75
Hi,
Nice view, you state "pair must be in line with my Entry Procedure"
can you tell me these rules?
best, Pim
SMPTrader
@Pim75, Goof Morning, Just like any other successful trading plan it takes time and effort to produce. It has taken me over 18 years to get to this level so unfortunately i won't be able to hand over this information
Have a wonderful day :)
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