Learning updates

Key importance 1. Moving Average 20 / 50. Best usage for H1 and H4 as H1 can achieve at least 75 pips while H4 at least 350 pips. 2. Support and Resistance, buy at support and sell at resistance. 3. Buy at low, sell at high. 4. To know more about candle pattern especially the reversal part. 5. Every 1 candle reversal, can only last for 3 candles. 6. Thus, 1 hour candle reversal can gain tp for the 3 hour candle whilst 4 hour candle can gain tp for the next 12 hour candle. 7. Understand the Supply and Demand and RBS/SBR 8. Supply and Demand entry can be use twice - 1st entry, range low, 2nd entry, range high 9. Support Before Resistance / Resistance Before Support, effective only after 2nd retest. Trading Plan Update 1. Morning trade as usual at 8am - 5 pips above/below the opening price. 2. Identify the weekly trend based on the MA 20 and MA 50. Set up based on the Support and Demand indication. 3. Use the Daily Hour chart to setup for the week. Target pips long term 100 pips-200 pips. 4. LL and HH trend check every 4 hours as per usual. 5. Buy Limit from the previous support and Sell Limit from the previous resistance. 6. If any candlestick reversal or breakout / breakaway, to reset a new entry up to the next support / resistance. Target TP 1. Target daily profit of USD2.50 minimum per day. 2. Target weekly profit of USD2.50 minimum per week (Swing) 3. End week profit of USD15.00.