GBPJPY MONTHLY SUPPLY ZONE / STRONG RESISTANCE

3 abr 2021

VHRTFX Forex Rules
FOLLOW VHRTFX AND LIKE FOR MORE SETUP WITH SMALL RISK AND HIGH RETURN

1.0 Trade Process

First Phase
Find supply and demand in bigger timeframe.
Find pattern(quasimodo/HNS/KING/Engulf) in h1/m15 HIGHER BETTER, snr in area snd of (1)
The setup stop loss must below 2%-5% from capital / Ratio 1:2 above (DEPENDS ON TIMEFRAME AND CHANGE LOT SIZE WHEN SL IS BIGGER)
Plot everything on the chart and mark the setup
Entry and forget (Stop loss and Take Profit is compulsory)

Second Phase
If the price almost hit take profit, set breakeven.
Watch the price action if any reverse pattern will close early.

Third Phase
Hit Stop loss and lost 2%-5% from capital stop trade for the rest of the day.
Hit take profit and reach target also stop trade for the rest of the day.
If have extra profit withdraw or transfer to account wallet

2.0 Type of Account Money Management

2.1 Account Control Money Management ( CMM )

Risk 1-5% recommended for 2% from capital per day trade.
Leverage 1:30 or below so we not using over lot size.
Target 5% to 30% per month and withdraw the amount that exceed 30% profit.
When current day have lost reach 1-5% Stop Trading for the rest of the day.

2.2 Account Full Margin ( FM )

Only trade 1 pair
Never use stop loss
Preferable using extra profit capital
Recommended use fast volatility pairs
Gold , Silver , GBPUSD , GBPJPY
Setup Quasimodo, Kink King, Reverse Pattern.
Leverage 1:1000, 1:2000 better with 1:3000
Budget Capital Divide by 20
Separate each 20 accounts from Capital Budget
100% Margin Use at Maximum Pain Level