General Rules
- Read Trading Plan first.
- Spend 10 minutes a day max. looking at charts.
- Check also H4 timeframe near S/R areas.
- Spend 60 min on Friday night to create the Trading Plan.
When entering a new Trade
- Before entering a trade, check weekly timeframe to make sure the trade is not against a strong weekly trend or weekly PA setup.
- Do not sell into support.
- Do not buy into resistance.
- Consult the Trading Plan for last confirmation before pulling the trigger.
- Follow risk management rules.
- Do not exit a trade intraday. Trades exit either with a SL or TP.
- It is recommended to exit half position once 1R is reached in volatile market conditions.
- Exit half position if a counter trade PA setup (mainly PinBar) occurs and if 1R is reached. Otherwise, consider moving SL to BE.
