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Thursday, 25 September 2014

Update observations

1) draw line horizontal to put stop order UP and BeloW of current price
2) inside bar day will make small frame working, not big frame
3) Trading is a mental game, so I will trade only once a week to avoid unnecessary pressure---
each trade ..trying to gain US 1 k > so each month the target is only US 4k
4) Use breaktrend in a sure market ..but use 2nd pullback entry for unsure market (always forget about this truth)
5) at target action area - looked at all charts for possible 'doji + hammer' signs 
6) During EIA day, wait after the report
7) After exceed hi of day or low day, mkt may turn back after a perfect doubletwin top perfect doubletwin bottom of any chart.
8) put a bigger time frame 5 min chart to have more confidence ..lost opp not following rules as previous main chart is smaller and cluttered
9) Contradicted with # 8, its not the time frame ,,but more to synchro of multitimeframe and understand the precision neede and available in small time frmae..Understanding is the key..Only after understading then come confidence,,not confidence 1st then understanding ##
10) big candle retrace 50% for stop entry



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