Everyone needs to have a plan for trading with and against the market…here is my plan and approach explained!!
It is always good when a days trading is from clean and clear price action but it will only be thanks to pre-market planning and a sound approach to trading.
I have developed some rules for myself to help get me in the prime areas for my own daytrading. It may vary slightly from market to market but I have a few simple rules in place to categorize my trades with regards to probability.
In the video, I take a look at a long trade into expansion and then talk through a later example of a ‘reversion to the mean’ trade into an extended market. I will set out the basic rules for the trades and show where I see the prime areas and why. I also re-iterate my system for risk management using a ‘two candle’ rule.
I feel this to be my basic template for success in daytrading without adding too much complexity. It is a clear and simple approach that anyone can implement into their own strategy.
Hope this helps and please enjoy.
Watch the FULL VIDEO here 👇
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