Are you looking to boost your trading profitability? Here’s a straightforward day trading process designed to bring consistency and clarity to your trades. Follow these steps daily and watch your strategy evolve.
Step 1: SIGNAL DAY
- Candle Setup: Wait for 2 daily candles to form.
- Mark Levels: Draw the high and low of the 1st candle.
- Identify the Break: Watch the 2nd candle for a breakout. Successful Breakout? Follow the trend with the 3rd candle. Failed Breakout? Look for a reversal setup on the 3rd candle.
Step 2: TRADING DAY
Timing Window
- Asia: 9-11 PM (New York Time)
- London: 3-5 AM
- New York: 9-11 AM
High and Low Points
- Mark the highest and lowest points across 3 candles within your timing window. Watch for price to stop-hunt these levels.
Level Confirmation
- Using the 5-minute chart, identify recent swing highs/lows that have turned into support or resistance.
Entry Strategy
- Entry: After a breakout, wait for a close below/above support or resistance to enter.
- Stop Loss: Place SL above/below the breakout candle.
- Take Profit: Target 1:3, 1:4, or 1:5. Set and forget.
Consistency is Key Repeat this process daily and let your strategy compound over time.
No Sales Pitch – Just Solutions
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Trading is a skill, and the right support can make all the difference. Let’s start your path to consistent profits.