The systems and ideas presented here stem from years of observation of price action in this market and provide high probability approaches to trading both trend and countertrend setups, but they are by no means a surefire guarantee of success. No trade setup is ever 100% accurate. Therefore, no rule in trading is ever absolute. Nevertheless, these rules work well across a variety of market environments, and will help to keep you out of harm's way.
*Never Let a Winner Turn Into a Loser
*Logic Wins; Impulse Kills
*Never Risk More Than 2% per Trade
*Use Both Technical and Fundamental Analysis *Always Pair Strong With Weak *Being Right and Early Means You Are Wrong *Differentiate Between Scaling In and Adding to a Loser *What Is Mathematically Optimal Is Psychologically Impossible *Risk Can Be Predetermined; Reward Is Unpredictable
*No Excuses, Ever
EURUSD stalling at the highs. Waiting for confirmation to go short!
*Never Let a Winner Turn Into a Loser
*Logic Wins; Impulse Kills
*Never Risk More Than 2% per Trade
*Use Both Technical and Fundamental Analysis *Always Pair Strong With Weak *Being Right and Early Means You Are Wrong *Differentiate Between Scaling In and Adding to a Loser *What Is Mathematically Optimal Is Psychologically Impossible *Risk Can Be Predetermined; Reward Is Unpredictable
*No Excuses, Ever
EURUSD stalling at the highs. Waiting for confirmation to go short!