Forextrendlinetrading - Trendline Breakout Trading Strategy
#1: HOW MANY TRADES SHOULD I BE TAKING EACH DAY?
The number of trades you take each day must depend on your trading plan
and your risk appetite. I suggest you should look for 1-3 opportunities each
#2: WHAT RISK % PER TRADE SHOULD I USE?
I suggest you stick to the 2% rule. If you plan to take 2 trades each day, then
maybe consider risking 1% for each trade. Or if you decide to take 3 trades a
day, then you could increase your risk to 3% per day and so allocate 1% risk
to each of the 3 trades you will take for that day. Remember, it is quite easy
to get 1:10 risk: reward ratio with my strategy. So if you risk 1%, though you
think it is small, you can end up getting 10% on just one trade. Don’t rush, be
#3: WHAT ARE THE BEST TIMEFRAMES TO DRAW TRENDLINES?
The monthly, weekly, daily, 4hr and 1hr timeframes. Use them to draw
trendlines. They are much more reliable.