WHAT CASH COLLECTION TRADING?

Trade on 4 currency pairs: EURUSD, AUDUSD, USDCAD, USDJPY. However, you can also use other currency pairs, as long as it is the main currency pair, for example, NZDUSD or USDCHF. Crosses are a bit difficult to trade, it will cause you to lose more than win.

HOW TO ORDER STOPLOSS AND TAKEPROFIT?

We'll have two ways to set a stop and a target:
  1. Stoploss = 12 pips and Takeprofit = 10 pips
  2. Stoploss = 20 pips and Takeprofit = 20 pips (for you to know how 1 earns too little)
The time frame we will trade is M30 - 30 minutes per candle. Market Profile will show trading volume at prices in 1 day, ie 1 day there will be 1 profile.

ORDER IN ORDER STRATEGY FOLLOWING THE FOLLOWING STEPS:
  1. Find an area with heavy volume cumulation that allows us to follow the traders racing to buy/sell. Areas with high cumulative liquidity often appear in sideways areas and sideways markets.
  2. Determine POC in the area of ​​high cumulative liquidity. The POC will be where the highest cumulative liquidity in that region.
  3. Wait for the price to reverse or return to POC.
  4. Place an order when the price has returned to the area of ​​liquidity accumulation and touch the POC. You will place a BUY order when you see a price push action at POC or SELL when you see a downward action at POC.
  5. Capital management:
  • Normal way: set stops loss and take profit and do nothing. There are two scenarios: 1 is a 10 pips loss, 2 a 12 pips loss.
  • A more conservative way: When your order gets 7 or 8 pips, move the stop loss to the entry point.
6. When believing out: absolutely do not enter orders before and after 10 minutes of news. The MP cannot save you in this case and avoids trading during news out hours.

7. Tip: You can trade in areas other than the POC, as long as that area accumulates liquidity higher than the surrounding area. But this one takes a lot of practice, it's best to trade at the POC at first.

Speaking of theory, now it's time to show the show.


Example number 2:


THE FOLLOWING ARE SOME SMALL REQUIREMENTS, BUT THE EFFECTS ARE EXTREMELY EFFECTIVE

Broker requirements: choose a reputable broker, look at the chart, look on tradingview or anywhere, but the trade is to trade on the platform of a reputable broker, especially the spread must be short, and the price must run fast, the connection must be good.

Market Profile graph requirements: best is tradingview, a little bit costly, at least it is cheaper than some NinjaTrader, Delta, or something.

Then now what are you waiting for, apply it?