
3. Do not trade 5 minutes before until 5minutes after a news release
News Releases cause rapid price fluctuations in the market that will often go against the signal arrows for some time.
4.
If
there
are
4+
flashing
bars, do not trade that asset
If there are 4+ flashing momentum bars, this indicates that there is strong momentum in a particular direction.
A strong surge in momentum can go against the signal arrows for some time.
5.
Do
not
trade
when
there
is
a Moving Average
Cross
Crossing occurs when the Green EMA 8 line crosses over the Blue MA 20 and Orange EMA 30 lines in an up or downward direction. Occasionally, during a cross, the price can go up or down for some time.
6. Leave the room after 3-5 wins
After 3-5 wins, depending on your strategy,
leave the room to avoid over trading.
7. Leave the room after losing 3 martingale trades
After losing 3-4 martingale trades,
leave the room to avoid emotional trading.
8. If you're in a trade and 4+ flashing momentum bars appear on the pair or on an index, do NOT continue to martingale the trade.
9.
Take
a
5
minute
break
when
the
DX
hits
8-9 momentum bars.
Also, take a break when the other indexes hit 8-9 bars
When the DX's momentum indicator creates hits 8-9 bars, take a 5 minute break.
The DX controls the market so the momentum of the currency pairs are affected as well.
10. If there is more than five news alerts between
8:30-10 am EST, only Trade between 10:05 am-10:45 am EST
For daily news releases, visit
Forexfactory.com
or
Investing.com
11.
Focus
on
trading
during
the
session
Focusing on trading will give you more trading opportunities than someone who is multitasking.
These rules have been created by our most successful traders in the room.
Following these rules will GREATLY increase your success with us as well!
Once again congratulations, and welcome to the family!