My Rules and Notes: I have created this rules fully tuned so I could focus like a sniper. Now go, play the market game.
What is the objective of creating the titan rule book?
The main objective of creating this titan rule book is to follow strict rules for taking the right trade instead of guessing each time and wasting the time.
This includes the direction of the trade entry (pro-trend or counter-trend), strategy method (normal zones or liquidated zones) and the time frames used (1min or 5min or 15min).
What is the reason behind creating the titan rule book?
According to my experience in past live trades, I felt that even after following proper risk management and making correct trade entries at the time, I was still gambling and guessing the direction, and some fear was creeping back into my mindset.
I missed five back-to-back successful trades that directly hit their targets. The main reason I couldn’t confidently take those trades was the fear of losing, even though I’m currently in a winning phase, and the tendency to manually guess the trade direction, whether it’s with or against the trend.
What are the main special changes in this titan rule book?
The ideology is based on observation, thinking, and experience from past live demo trades.
- Pro-trend trades work very well as they have momentum and stop-loss hits are much less.
- If we take an average of 10 trades, 8 should be pro-trend and 2 can be counter-trend to safeguard the probability of profits.
- The 8 trades should be taken line to line, and only after completing those 8 pro-trend trades can I take 2 counter-trend trades.
- Be careful with both the 4H swing structure and the smaller 4H internal structure.
- Use the 3-step framework strategy only. Entry timeframe can be 15mins or 5mins. Use 1mins timeframe with caution.
- Trade only these three currency pairs: EURUSD, GBPUSD and USDJPY. Don’t trade XAUUSD.
- If any trade is running during news time, exit the position directly before the news release, regardless of whether it is in profit or loss.
- Create a new table with date and missed trades also so I can measure about fear and trade management skills.
Closing Comment
Just go with the market flow, no second thought. This is the only way now. Best of focus.
