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Trader Dale - intraday levels daily

  #4 (permalink)

LA California USA
Posts: 92 since Oct 2016
Thanks: 1 given, 100 received

Basic rules

Rules for trading my intraday levels:
1. trade every level only once. Don't trade second tests
2. If the market moves 80-90 % in your favor - secure your position by moving SL
3. It the market turns few (1-3) pips sooner and makes a significant reaction - consider the level already tested. Do not trade anymore.
4. Dont trade during macro news. Wait for the market to settle down before trading again.
5. Clese all your intraday positions few minutes before significant macro news release.

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