My Mantra

I aim to determine the nature of a (conservative) break.

From which, I can take any valid ‘cautious’ break that comes along.

But in doing so, I like to consider the probability of both sides of a trade.

If my entry does not break and the initial entry picture changes I take my best out.

To me, the open trade or the ‘live’ bet is only one of many.

I take careful note of the context, pace and harmony of the market.

With a neutral view, I let a break build up ‘properly’.

I pay attention to magnets such as a double zero or fifty price level.

Moreover, I want obstructive elements between entry and stop but not between entry and target.

I monitor significant financial news and do not trade their effect.

My entries are from near or on the 25 exponential moving average in association with a squeeze setup in a direction appropriate to the dominant pressure.

I wait for good double pressure in a break, patient to avoid false and tease break traps.

A signal bar is highly desirable, a break of which is my entry which in turn becomes my entry bar.

In a trend, I swing my trade.

In a range or if counter to the trend, I scalp my trade.

However, I don’t trade a countertrend break for continuation.

I exit at the target or resistance, a technical or a reversal point.

But I try not to ‘chicken out’ and exit too soon.

Finally, I do not need a trade; therefore, I do not search for one. I spot my bets rather than find them.

My goal is to trade at a (?) amount per pip based on the Fibre at 50% of retail margin.