Only take trades from your playbook!!
Things to Always Look for:
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<img src="/icons/bullseye_red.svg" alt="/icons/bullseye_red.svg" width="40px" /> Execution
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<img src="/icons/book-closed_red.svg" alt="/icons/book-closed_red.svg" width="40px" /> Risk Management:
STOP LOSS
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🎯 STOP LOSS
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TAKE PROFIT
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🎯 TAKE PROFIT:
A+ SETUPS
A SETUPS
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TRAILING STOP
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🎯 TRAILING STOP:
A+ SETUPS
A & B SETUPS
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ACCOUNT MANAGEMENT
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🎯 ACCOUNT MANAGEMENT:
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Timing in the Markets:
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<img src="/icons/alarm_red.svg" alt="/icons/alarm_red.svg" width="40px" />
LONDON DISTRIBUTION PHASE
Low news event
- 10:30am SAST -14:00pm SAST
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⏰ Trading Sessions and Pairs
London Session:
- EURUSD 💶
- GBPUSD 💷
- XAUUSD 🪙
- USDCHF 🇨🇭
AVERAGE PIPS MOVEMENT:
| PAIR |
LONDON(AVERAGE PIPS) |
| EURUSD |
114 |
| GBPUSD |
127 |
| USDCHF |
102 |
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|
NEW YORK DISTRIBUTION PHASE
Low news event
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Trading Psychology:
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<img src="/icons/brain_red.svg" alt="/icons/brain_red.svg" width="40px" /> Psychology:
- Think in Probability, your previous loss/win has nothing to do with your next trade. Also base your wins/losses based on samples(10 trades) or weekly that's how you think in probabilities.
- Trade with No Fear!!!!.Setup presents itself execute with no fear.
- Follow the plan, don't deviate from it.
- Follow your Daily Routine to help you with discipline.
- Don't revenge trade after a loss. Also No BIG LOSS stick to (1-2% risk Rule).Only Small Loss if it happens with BIG WINS.
- One trade should not blow your account, break.
- Accept losses, they are part of the game.
- Take breaks when feeling anxious or overwhelmed.
- Review trades and analyze mistakes to learn from them.
- Trade with No Fear and trust your system.
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Trading Philosophy:
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<img src="/icons/bullseye_red.svg" alt="/icons/bullseye_red.svg" width="40px" /> One trade should not:
- Blow your Account
- Break Your confidence
- Define you as a trader or person: Describe who you are and how you trade
- Get you overly Excited/Over-Confident.
- Break your System
- Derail your success
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