You are on page 1of 2

1.

Step-by-Step Analysis:

 Start analyzing the chart from the 1-minute timeframe.

 Use the grid strategy to identify entry and exit points based on breakouts.

 Place buy and sell stop orders at grid levels above and below the current price.

 Adjust the grid levels based on market volatility.

 Monitor the positions closely and exit when a profit target or stop loss is hit.

2. The Market:

 Focus on trading synthetic indices using Deriv broker.

3. Entry Rules:

 Use buy and sell stop orders to place trades based on grid levels and market breakouts.

 Only trade the volatility 10 index.

4. Exit and Target Rules:

 Use a stop loss of 350 pips per week.

 Target a daily profit of R100.

 Adjust the grid levels and stop loss/target based on market volatility.

5. Risk Management Rules:

 Risk less than or equal to R350 per week.

 Use a lot size of 0.20.

 Risk no more than 1% of the funded account per trade.

6. Daily Routines:

 Start trading at 5 AM and trade for one hour using the 1-minute timeframe.

 Analyze the market and adjust grid levels and stop loss/target as needed.

7. Weekend Routine:

 Analyze market conditions and plan the next week's trades.

 Spend 20 minutes analyzing the market on weekdays before starting a new day of trading.

8. Journaling:

 Keep a trading journal to record all trades, including entry and exit points, lot sizes, stop loss and
target levels, and profits and losses.
 Use the journal to review and evaluate trading performance and make improvements to the
strategy as needed.

You might also like