"Getting up early is a way for successful people to start the day." said motivation is in line with the strategy that I will share here is to pick up rizki in the morning with a day trade limit. maybe some of the forum members here are familiar with the strategy, but I don't think everyone knows, so I'll discuss it here.
As the name implies, this day trade limit is used for daily trading with analysis techniques using the reference trend candle on the previous day.
Step:
- Morning between 5:00 and 8:00 a.m. open mt4 and set time frame to daily (D1), then make sure there are no big news the previous day.
- Make sure that the candle on the previous day is bearish / bullish (not the type of reversal candle like doji etc.). if it is bullish, then we will open the PO buy limit, while if it is bearish we open the PO sell limit.
- Place TP and stop loss based on the last 3 candles by pulling the support / resistance line based on the 3 reference candles.
Linkback: https://www.forex.zone/trading-systems/10/pick-up-sustenance-in-the-morning-with-a-day-trade-limit/2177/
