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Trading Process

This document provides guidelines for currency analysis and trading on different timeframes. It recommends analyzing trends on weekly and 4-hour charts for weekend trading, and picking currency pairs based on strength on the 4-hour and 1-hour charts for day trading. Specific instructions are given on identifying trends and phases, plotting support and resistance, and using Fibonacci retracements for stop losses and profit taking. Credentials of Raphael20014 and password 6706282369 are also provided.

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Raph Sun
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205 views

Trading Process

This document provides guidelines for currency analysis and trading on different timeframes. It recommends analyzing trends on weekly and 4-hour charts for weekend trading, and picking currency pairs based on strength on the 4-hour and 1-hour charts for day trading. Specific instructions are given on identifying trends and phases, plotting support and resistance, and using Fibonacci retracements for stop losses and profit taking. Credentials of Raphael20014 and password 6706282369 are also provided.

Uploaded by

Raph Sun
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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https://fightforex.info/currencystrengthchart/index.php?

a=forextrends

https://fightforex.info/currencystrengthchart/index.php#apis

Username: Rapheal20014
Password: 6706282369

FOR WEEKEND ANALYSIS:

1. ANALYZE FROM THE WEEKLY TO THE H4

FOR DAY TRADING:

SELECTION:

1. PICK FROM CURRENCY STRENGHT FOR SELECTED PAIR ON BOTH H4/H1

1. Identify the trend on the higher timeframe by swings

2. Identify the impulse and corrective phase on the higher timeframe if any. on the
absence of non, move to the trading timeframe and identify the trend,identify the
phases.

b. Determine the phase on the trending timeframe before moving to the trading
timeframe

c. plot support and resistance on the trading timeframe.

d.

3.stoploss: stop loss be placed few pips above the rejection or strong presence
candle on the break of the market structure.

4. for profit taking, plot the fibonnaci recent swings and take at 0.00, 27.3,
161.2

5.

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