LESSON 11: HOW TO SET UP A STANDARD ORDER FOR NEWBIES

*Includes the following elements:

B1: T: Trend (main trend)

B2: L: Levels (important resistance)

B3: S: Signal (Signal enough to trust) In this step, there will be a multi-frame method to find the best possible entry.

- You must know which trend you are trading in, or more importantly, you must know where you are in that trend (Find the trend) You must know which resistances are important and trustworthy

(Find Levels) You monitor the market to see if there are any signals to be able to enter an order (Find Signal)

- After determining the order entry signal, we have Entry, Sl, Tp, then we will know the RR ratio. If RR <span no matter how good the order is, I will not enter it. Only place orders when the order is good and

RR > 1. The higher the RR, the better. Read the RR file to understand why it is like that.

- There is a SL distance (specifically the number of pips) from which the volume (lot) can be calculated to place orders with reasonable vol. (Here, if the SL is far, the vol will decrease, if the SL is short, the vol will increase, depending on the time frame, there will be different SLs)

- Manage orders being traded.

- Close and exit orders.

* The latter part is simple, the important thing is the first 3 steps, at first glance, the 3 steps seem simple, but to be able to do these 3 steps, everyone will have to spend quite a bit of time practicing.

* Everyone can find materials (documents) revolving around the framework written above to learn and practice.

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