AUDNZD Intraday Trading
Follow us on Telegram channel for daily 15-20 setups.
Intraday Trading Levels based on Price Action analysis. No indicators used. These levels are for Fast in Fast out trades. The levels are updated everyday. There are 3 Support (Red Lines) and 3 Resistance (Red Lines) levels shared for each pair.
You can open a position opposite to the current movement, knowing in advance that it will be profitable with a certain probability. Always divide your position size into 3.
Position 1: 25%,
Position 2: 25%
Position 3: 50%
For example:
Entering Trade
The first R level has hit. Open the first sell entry with for example 0.10 lot size. If the price goes against you, open another entry at the second R level with 0.10 lot size. Finally, if the price drops to third R level, open a position with 0.20 lot size.
SL
Do not take more than 1-2% risk of your total equity. Set your lot size accordingly
TP
Take profit is open. Our preferred method is to move SL to cost after the 10 pips movement. If all three positions are active, close the trade when the total of three positions are in profit.
Do not enter the positions if price hits the levels second time. These Intraday levels are for one touch only.
Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. Recall, that mentioned probabilities are not 100% and do not guarantee risk-free trading. Do not risk what you cant lose. Always practice on demo account first. We do not take any responsibility for the losses. Manage your positions accordingly.
3 minutes ago
Trade active: 3 Positions active. Waiting for the total to be in profit to close trade
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
-THE END-