LAST (Long term Analysis – Short term Trading)
ong term Analysis – Short term Trading
L A S T
Buying and selling System
Not like my different auto buying and selling threads, this one goes to be handbook.
Our buying and selling day will begin 1 hour earlier than London open, the place we scan chosen pairs/devices and set our preliminary bias for the day.
Lengthy Bias: Most of earlier PA is above DO (Every day Open), and Present PA is above DO.
Short Bias: Most of earlier PA is beneath DO (Every day Open), and Present PA is beneath DO.
PS: We’ll take this step-by-step as a result of time limitations.
Most well-liked Dealer :
- Low Unfold and Low Fee.
- Permits Scalping
Most well-liked Devices :
- XAUUSD (Gold)
- Different with warning
Most well-liked Classes:
- London Open to London Shut
Buying and selling Software program:
- MT4 (for now )
- Outline bias on each day foundation
- Contemplate pair in addition to underlying currencies
- Lengthy above each day open, Short beneath each day open
- Purchase pullbacks, Promote rallies
- Fast in – Fast Out, for repetitive small good points
- Steered each day goal 5% to 10%
Good Friday my associates.
I do not like buying and selling on Fridays, being finish of week the place weekly merchants modify their positions. So we’ll do it with cation (low leverage).
I awoke late at present as Friday is our off-day in center east.
This was the primary commerce on EU, M5.
Most earlier PA above DO, present value above DO, Good Retrace.
Fast out and in for 5 pips. danger was 3 pips.
Including stoch to the above chart might make it simpler to grasp. I do not use it, but it surely could possibly be affordable for brand new merchants.
Finest pullback are once you see excessive quantity at backside for lengthy, or at excessive for brief.