These are my personal set-ups of trading any financial instruments:

1. Good entries are based on confluence. The more data you get with the same information given the more powerful your entry is. However, entries require hours of decision making, observation, patience and effort of discovery. It is not spot and outright decision.

2.Spot Trend and Break-outs before it realized. Find common break-outs based on historical data and used it as pattern to identify next price action. Test the backtest sample and apply, list the percentage of winning rate based on the data being backtest. Break-outs are more probable in liquidations and stop-loss areas.

3. Technical analysis as guide on price action and price movement – either in spot market or swing type trading.

4. Set ratios. 1:1 is gambling and trading is not gambling. We are not sure of the probability of price movement but we need to identify the possibility that the price will move on that side (increased or decreased). This will also be the basis for stop-loss area.

5. Do not be sure. Ideas are not what market would go, it is but hope that what we decide will be relevant. But not totally comfortable that it will go on that price.

6. The trend is your friend until it bends.

7. Do not catch falling knives in other words do not trade on pumps and dumps.

8. False idea – do not set stop-loss below support if you are in long and above resistance if you are short. It will add into the liquidity of the market to move much faster.

9. Look on historical support and resistance level as basis to spot good and false break-outs.

False Break outs -

Good Break outs –

10. If the market ends on previous trend and slowly showing another trends – be friendly with it, cause it might help you enter good prices. Retracements are very important as it is the basis for analyzing higher highs in impulse and lower lows in corrections. Entries must at least find on first higher lows if long and first lower highs in shorts. Targets are 1-2% if cross leveraged.

11. Do not share your idea to other people. It will degrade your strategy since many people knew it and it will not be more effective in the future.

12. Do not trust on their idea. Validate and make your own bias.

13. Those traders who create two biases are not sure of their positions, so to speak their bias are neither reliable.

• 14. Gather information as much as possible. Do not be sure on your position - however, be sure on your bias. As bias do not possess strong emotion as does on actual position. Positions are more on emotions than rational. Biases are more on rational than emotions. Emotions and Rational are both inverse concept.