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Sunday, August 16, 2015

Plan

A basic rundown of execution of the plan is as follows:

1. Look for directional bias: check for higher highs or lower lows on the MN, W1 and D1 TF. Does the CCI confirm this PA bias? What about Market Sentiment? Do they both concur? Watch for PA directional clues via candles.

2. Set trade with a risk to reward ratio of 1:2.1. This will mean we only need to be successful 33% of the time to remain profitable.

3. Initialise trade.

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