The setup conditions are those that must be analysed before buy or sell a currency. The reason to do this work before entering into the market is to avoid your emotions and be based in the analysis instead. Also it will help you to see the overall situation before entering and after feeling really wake up. After that and before enter your bet is important to establish the rules for you to follow and choose your stop lost. Then do your risk analysis. Put a fibonachi level between those 2 points and make sure the price is below the 50% before go in there. If not just leave it go, other opportunities will arise. In a real account you should also take into account the prices that will reach your margin call. Divide it by two. That is the new margin call for you, and based on that choose the amount of money you want to trade making sure that you do not forget that: "Sooner or later will come a time where in a row it will fail 10 or more times", this is statistic, the probability can be small but as it is not impossible it will happen someday. Just be prepared.

Good luck traders!!
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