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6 Steps To Be Profitable Trader - PTF Mentorship Guideline
6 Steps To Be Profitable Trader - PTF Mentorship Guideline
Tel: 0902314366
Telegram: https://t.me/PTFMentorshipChannel
b. Define where structure broken? What type of break: Grab Liquidity/ Reversal?
a. Know 2 types of Reversal Level Pattern and the essence of Reversal Pattern:
- Break one previous Low/High
b. Defined where price can take a retest to take limit order/ market price
a. H1 trend: Bullish
- Priority: Buy Wait for Buy Reversal Level (3b pattern)
b. H1 trend: Bearish
- Priority: Sell Wait for Sell Reversal Level (3b pattern)
c. Previous Day:
- Bullish: Prioritize today Buying
- Bearish: Prioritize today Selling
Ex: Entry Reason = Bullish h1 + 3b + Break 1 Previous high + Strong momentum + Retest at
reversal Level + TP 5R
c. Result: TP or Stop-out
Published by: Hoang Anh Vu
Tel: 0902314366
Telegram: https://t.me/PTFMentorshipChannel
Trading Analysis
Total Positions 15
RR Ratio 4.7
Winning Ratio 33%
P/L + 3.2%
No. Following 9
P/L 7%
No. not Following 6
P/L -3.8%
Main Mistakes a. Take too many not Following
Pattern. Cause much drawdown.
b. Almost not following pattern
turned in Stop-out
c. …..
Things need a. Following Strictly Reversal Pattern
improving next b. Take an entry when Pattern
week formed
c. Follow Risk with SL and TP >4R
d. ….
a. Back test each Pair within a month only/ for many months
b. Back test with Market Analysis as less as you can
How to: Follow Step 1 – Step 4
c. Things to learn:
Published by: Hoang Anh Vu
Tel: 0902314366
Telegram: https://t.me/PTFMentorshipChannel
HIGHLIGHTS:
1. Focus on EURUSD / Gold (XAUUSD) only
Better: Focus only one Pair (EURUSD Recommended)
a. Gold: High Volatility with Grab Liquidity Skilled Traders for load up more positions
b. EURUSD: Mid Low Volatility Beginner/ intermediate/ Skilled Traders with Single Entry
only
2. News Releases: With High important News (Red Color/3 Stars) – No entry or position with SL very
near Current Market Price (Closed orders)
a. Investing.com App
Published by: Hoang Anh Vu
Tel: 0902314366
Telegram: https://t.me/PTFMentorshipChannel
b. Forexfactory.com Web
Filter only EUR and USD
- We don’t care News whether Positive or Negative. We focus only on Chart, and stay away
from Chart when important news releases.
3. Personal Recommendation
a. Focus on London & NY Session
- From 11:00 am to 8:30 pm: Spring Season
- From 12:30 pm to 9:30 pm: Winter Season
b. Restrict:
- Morning to Early Afternoon Monday
- Afternoon Evening Friday
3 RULES COMPLIED:
1. Follow strictly 6 Steps in Trading Career
2. Follow strictly step 1 4 in Daily Trading Career
3. Q&A for the Mentor: Knowledge within 6 Steps
4. Q&A only in Weekly Report/ Weekly Q&A Summary
Published by: Hoang Anh Vu
Tel: 0902314366
Telegram: https://t.me/PTFMentorshipChannel