You are on page 1of 5

It really is so simple,

So how to get the most of this strategy.

Look at daily chart around 20:00 GMT this is best time to find the entries for this strategy as you
won’t get much more movement on the daily candle, so you are able to plan your trades.

If you are looking to get a better risk to reward, place your limit orders at the 61.8% retracement,
however in doing so, you are less likely for your orders to trigger.

If you're ever unsure about a setup – It isn't a setup. The best setups leap out, much like in the above
examples, and can't be ignored. These are the trades we should aim to take via this strategy.

To conclude:

As ever, we will of course have losing trades. At times, we will have a run of losing trades, just as we
should expect a run of winning trades as our expectancy plays out.

My suggestion would always be to risk 2% or less of your capital. This is a conservative amount of
risk and will allow for the losing run to take place, when it does. Remember we are unable to predict
the future and although predictable at times, the markets are fundamentally random.

You might also like