Njengasam näringsidkare's profil

Specific reasons for trading (To Me, Fx-T is a perfect business)
❖Flexible (3-6 hours a day)
❖Work from anywhere in the world
❖No employees
❖No rentals
❖No competition
❖No products / inventory
❖Recession proof
❖Low start-up capital
❖Low risk
❖High liquidity
❖Self-Employment

✔Personality: Day trading (Intraday), Momentum Trading.
✔Charts: M15, H1, H4 & D1.
✔# of Trades: 10 to 15 per Month.
✔Win Rate: 60% or more per month.
✔RRR: 1:1.5
✔Target E: 0.5R or more per month.
✔Target %Return: 30% per month.
✔Average Trade duration: Within 2Hrs 30 Mins.
✔TP Pips: 12-100 pips per Trade.
TRADING TOOLBOX
Leading Indicator: gives a signal before the new trend or reversal occurs.
❖CSM.
Lagging Indicators gives a signal after the trend has started, confirming it and basically informs you “Hey buddy, pay attention, the trend has started and you’re missing the boat.”
❖EMAs i.e., 6EMA, 18EMA & 50EMA.
❖Candlestick Patterns i.e., engulfing pattern & pin bars.
❖Multiple Time Frame Analysis i.e., I Trade on H1 & Confirm on H4.
❖Support & Resistance Levels e.g., Significant S/R Levels, MaPs (“00) & 200SMA.
❖ Price Action i.e., Uptrend, Ranging, Downtrend.
Volatility Indicator: gives my position enough breathing room for fluctuations here and there before it heads my way. Determines the Exits.
❖ATR.