Rules to trade Effectively with best Reward Ratio
1 hr TF ( Enuff Room to allow market to breath and Reward us Pips).
BB 100 and 20 period close ( BB100 Strong Walls ) Dynamic Supp Resis.
Market should form a clear up or downtrend. If there is no clear trend. Just Skip.
when the market Uptrend on AU 1hr TF price around EMA 50/Mid BB100.
when you see a vertical line. Ready to sell it. Sure shot trade.
when the price hit the upper BB100 OR lower BB100, conjunction with the Fen predictor Line.
Blindly trigger the order. ON upper BB100 when price hit, price will fall and vice versa.
Same on BB100 Middle band.
since we are trading on 1 hr TF. Imagine how many pips does the 1 hr candle travel ?
15 to 20 pips on average. On good volume , it can go up to 30/35 pips.
We target for 15 to 20 pips roughly. We trade 5 to 6 pairs at a given time.
we have 1 hr for the price to move. At exactly 45/50 mins, we are good to close all the trades.
Regardless of trade hit TP or not we close on basket profits. At this point most of the trades hit 20 pip TP.
At one cycle there will be 40 to 60 pips hand-full of profit can expect.
