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Step-by-Step Analysis:
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.
Monitor the positions closely and exit when a profit target or stop loss is hit.
2. The Market:
3. Entry Rules:
Use buy and sell stop orders to place trades based on grid levels and market breakouts.
Adjust the grid levels and stop loss/target based on market volatility.
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:
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.