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    Simple M15 Break & Retest - Part 1

    Uploaded by

    Soon Chong Lai
    This document describes a simple break and retest trading strategy used by many traders. It involves using 1% risk per trade with fixed entry points, confirmation of breaks, and target take profit levels. The strategy allowed the author to pass the qualification process for a prop trading firm, although they later lost the funded account after one month of trading.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Simple M15 Break & Retest - Part 1

    Uploaded by

    Soon Chong Lai
    371 views7 pages
    This document describes a simple break and retest trading strategy used by many traders. It involves using 1% risk per trade with fixed entry points, confirmation of breaks, and target take profit levels. The strategy allowed the author to pass the qualification process for a prop trading firm, although they later lost the funded account after one month of trading.

    Original Description:

    Trading strategy for begineer. Suitable for Prop Firm Trading - Part 1

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    This document describes a simple break and retest trading strategy used by many traders. It involves using 1% risk per trade with fixed entry points, confirmation of breaks, and target take profit levels. The strategy allowed the author to pass the qualification process for a prop trading firm, although they later lost the funded account after one month of trading.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    371 views7 pages

    Simple M15 Break & Retest - Part 1

    Uploaded by

    Soon Chong Lai
    This document describes a simple break and retest trading strategy used by many traders. It involves using 1% risk per trade with fixed entry points, confirmation of breaks, and target take profit levels. The strategy allowed the author to pass the qualification process for a prop trading firm, although they later lost the funded account after one month of trading.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 7

    Simple M15

    Break & Retest


    - Part 1

    LAI SOON CHONG


    2023
    Introduction
    This is a very simple trading strategy that are used by many traders. I personally was able to pass
    Prop Firm (Funding Talent) with this strategy. For transparency I did end up lost the account after
    1 month, but that is another story,

    Use simple risk management. Fixed 1% per trade for the entry
    Blue Print – Limit Order
    Blue Print – Confirmation
    Blue Print – TP Target
    Example
    Your best quote that reflects your
    approach… “It’s one small step for
    man, one giant leap for mankind.”

    - NEIL ARMSTRONG

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