Scribd
Upload
38 views

My Trading Style

The document summarizes the trading style and rules of a short-term floor trading system. The system trades based on 1-minute and 5-minute timeframes, following trends and aiming for 20 pips per day. Key rules include only taking high probability trades signaled by multiple timeframes trending in the same direction, avoiding trades against the long-term trend, and not overtrading by only taking the second and third trading opportunities. Risk management techniques involve using moving averages and candlestick patterns to filter out lower probability trades. Longer-term strategies using stochastic RSI and EMA crossovers on 30-minute, 1-hour and 4-hour charts are also outlined.

Uploaded by

Benny Samuel
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
38 views

My Trading Style

The document summarizes the trading style and rules of a short-term floor trading system. The system trades based on 1-minute and 5-minute timeframes, following trends and aiming for 20 pips per day. Key rules include only taking high probability trades signaled by multiple timeframes trending in the same direction, avoiding trades against the long-term trend, and not overtrading by only taking the second and third trading opportunities. Risk management techniques involve using moving averages and candlestick patterns to filter out lower probability trades. Longer-term strategies using stochastic RSI and EMA crossovers on 30-minute, 1-hour and 4-hour charts are also outlined.

Uploaded by

Benny Samuel
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

My trading style Preferred trading style Short Time (Floor Trading system) Trading Time 08:30 11:00 Daily

Target 20 pip.

Short Term Floor Trading System (1M and 5M) General Rules. 1. Follow the rules of Floor Trading system. Respect them. 2. Check all time frames. Trade according to the long term trend. 3. The trade is more profitable/accurate if i) The floor trading system 5M meets the same condition with other 1M, 15M, 30M and 1HR time frame. ii) The slope of uptrend/downtrend is approximately 45 degree. 4. Chances only come three times. Take the second and third chance. 5. Do not trade if candle go up/below 60EMAs M1. How to avoid fatal signal.

1. Do not trade if the lower low/higher high is same with the previous lower low / higher high(downturn-lower low, uptrend-higher high). 2. How if there is no condition in no 1?Use candlestick!!But how?? 3. Make sure the current candle rallies above the high of the previou s candle by one or more candles (outside candle). If the candle failed to rallies above the previous candle, then wait for the next candle. Trade if the candle stop above the previous close. 4. Mix with 15M trade (Bollinger bands). Do not trade if the downturn/uptrend is far behind from the touch point. 5. Do not trade if the trend reaches its peak (see long term time f rame). Use RSI technique instead(******)
Short Term-Bollinger bands (15M) 1. Only use this strategy when the trend line is flatted. Long Term Stoch and RSI (30M and 1 HR) Rules. 1. Wait for the Stoch and RSI cross the 30 and 70 line and corss back that level. 2. Confirm with the candle(decision candle) 3. The previous Stoch line is identical from overbought or oversold level (45 degree uptrend or downtrend). 4. Stop Loss the highest level before reversal occurs.

5. Only trade if it is the peak of the trend (see other peak to estimate the average peak). 6. Make sure the candlestick break the rule of floor trading system (the candlestick break the 18 EMA lines). 7. Do not trade if the candle is inside bar/candle. 8.

Long Term EMAs Cross ( 4HR) Rules. 1. Use only 1H time frame, the larger the time frame, the better it is. 2. The trade is more profitable/accurate if i) Wait for the candle go below or up EMAs line. ii) Use 15M time frame to catch exact entry. 3. Look for the D1 candlestick for confirmation.

You might also like