Just like the 00 setup or the 000 setup in FX trading, it works sometime, and failed maybe another 50% as well, trading strategy only helps you to find entry/exit for a trade, risk control and money management make you rich or poor.
1. What is daily 3 hourly hourly 15 s/r and trend.
daily is up on 62 and down on 5 and flat with 13, 100 pips away from 62, support at 4800
3 hour is down on all 3.
hourly is dwon on every thing.
15 is down, with reisit at 4900, which is also 62 line.
15 is choppy between 4990 and 4940.
resist: 1.4860, 1.4900. 1.4990, 1.5000
support: 1.4940, 4800, 4680
2. Is there any news coming out in 30 minutes, what's trade. There is no news in the coming time.
3. today's spread:0.9
4. What's the size of today, and what's the max risk. normal size, will risk 20 pips.
Plan is: short at 4860 level.
Here is the trade, the last position is on a 10 pips trailing stop.
Today is +10 pip. My trail stop is triggered at 61 level.
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