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Xding - Coggle Diagram
Xding
Rules
#3 Analyze & Follow the Trend
:no_entry: Never go against the current Trend
:no_entry: Never try to "Bottom Fishing"
Never too late
Big Opportunities typically earns 5-7-10-13 points
:red_cross: No FOMO!
Strongest Trend
AM
10 am
10.30-40
PM
1.40-50
2 - 2.10-15 :red_flag:
:no_entry: No Trend, No Entries
#2 Always Set STOP-LOSS
Cut Losses Quickly
1.5 points for Day Trading Strategies
Max. 2.1 points
Accept losses & defeats
Slow down before making the next one
No DCA!
Set OCO with a preset SL
Considerations
Place the same position size
No ATC
No Overnight Positions (ATO)
#1 Place LESS Orders
No Orders before a clear Trend Unveiling
Good Positions
Protect your Positions. Better have a "Drawn" & lose fees than having a bad position
Else. Cut Losses Quickly!
#5 Take BIGGER Profits
Wait to earn MORE
Move your Take-Profit SL "higher & higher"
#
:fire: HOLD. DON'T SELL until
The trendline & Support is broken OR
Meet Resistance areas OR
Reach 5-6-7 point target from entries
Sell min. 50% in case of Reversal
4 Have Good Entries
:check: Risk-to-Reward Ratio:
R Multiples
:check: Nearest Support & Resistance
:check: Top-Bottom Gap points (7 max)
Position
:stopwatch: Wait 5 secs for potential reversal @ top/bottom
:check: Buy on the Retests!
Sizes
:check: Clear (Up/Down) Trend :chart_with_upwards_trend:
:no_entry: No Trend, No Entries
When it's 50/50, stay out!
:forbidden:
:no_entry: No Entries when Sideway
Forecast
Strategy
Reality