HI Guy's this is the Super Bullish monthly continuation trend with 4$ Rule
Note : In this trend i have Targeted 1622 but it can reach upto 1700 so pls keep your equity strong as we can see 50 to 80$ or more spike at one time with super high volatility. In this volatility you may have to lose your account so, SL of at least 120$ or above should be maintained as a buffer to your equity. So i recommend keep as much equity free for1 lot 0.01 position or stay away from trade for this month ( Expected very high volatility like Brexit or more )
4$ Rule should be maintained strictly.
4$ rule for New comer's and small equity trader's.......... to be more specific about 4$ rule is .. if your position goes red for 1 or 2$ max .. hedge it or close your position. ... and if your position is in green take the profit on 4$ or before 4$ hits. ok.... your position should be of 0.01% of your equity amt and your profit ratio should be 1:4 .. don't put SL or TP on trade always close your position manually..if you leave your desk.. that time only you put your SL and when back to system remove the SL & TP And learn Candle stick and its patterns, learn Bollinger Band , Donchain Channel, Ichimoko cloud , SMA 50, 100 & 200 , & RSI, MACD. i hope its clear now..Critics are wellcome in mannered way. And do believe in yourself & your analysis guy's.. don't believe in anyother''s plan or analysis including me.