XAUUSD LONG H4 22 May, 2020
"Rule #1: Don't lose MONEY
Rule #2: Don't forget Rule#1"
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*Rule:
- Max RISK 2% per trade.
- Max RISK 6% Capital per month.
- Return 1%-3% per month, 12%-36% annual.
- SET & FORGET
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Analysis:
#Bigger Time Frame:
- Weekly -> UP -> BUY
- Daily -> Break out Wedge: test support level -> UP -> BUY
#Trading Time frame:
- Hour 4: False Break out bar -> BUY at Demand Zone & Support Level
Rule #2: Don't forget Rule#1"
-------------------------------------------
*Rule:
- Max RISK 2% per trade.
- Max RISK 6% Capital per month.
- Return 1%-3% per month, 12%-36% annual.
- SET & FORGET
--------------------------------------------
Analysis:
#Bigger Time Frame:
- Weekly -> UP -> BUY
- Daily -> Break out Wedge: test support level -> UP -> BUY
#Trading Time frame:
- Hour 4: False Break out bar -> BUY at Demand Zone & Support Level
Trade closed: stop reached
Ignore this Set-up
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