GBP-USD Safe Trading Plan Setup for 03-10-2022

ARIF ABDUL ROHIM October 1, 2022
1 Comment

Trend Suggestion : Minor Uptrend

Open Position with Buy Stop at 1.12826

Take Profit at 1.17236

Stop Loss at 1.10036

Safe Rules of lots size for challenge and funding account:

$2500 = 0.01

$5000= 0.02

$10000 = 0.03

$20000 = 0.06

$25000 = 0.08

$40000 = 0.13

$50000 = 0.16

$100000 = 0.32

$200000 = 0.63

The measurement uses strong support and strong resistance by looking at price movements starting from the Daily Time frame (D1), 4 Hours (H4) and 1 Hour (H1).

Price movements are expected to continue to rise after a price reversal from the previous week.

This Trading Plan uses purely technical analysis ignoring fundamental analysis.

This is just an idea of a safe trading plan with a risk of just under 1% of the stated amount.

All risks that occur are the responsibility of each user.

Thank You for reading and Good Luck with Consistent profit!

Categories: Funded Traders, Member Blogs
Tags: , ,
ARIF ABDUL ROHIM

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All content published and distributed by Traders With Edge (Hong Kong) Limited and its affiliates is to be treated as general information only. None of the information provided by the Traders With Edge (Hong Kong) Limited is intended as investment advice, an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any security, company, or fund.

Any information contained on the Traders With Edge website, social media, or any other third party site in relation to Traders With Edge, is used at your own risk and Traders With Edge assumes no responsibility or liability for any use or misuse of such information.

Trading in financial markets is a high-risk activity and it is advised not to risk more than one can afford to lose. Traders With Edge (Hong Kong) Limited does not take into consideration your personal financial situation. If you require financial advice, it is recommended that you speak to a financial adviser or licensed professional.

Traders With Edge (Hong Kong) Limited is not a broker, does not accept deposits for brokers and does not provide any investment services. Traders With Edge (Hong Kong) Limited does not act as or conduct services as a custodian. Purchases of programs should not be considered deposits. All program fees are used for operating costs including, but not limited to, staff, technology and other business related expenses.

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