Tuesday, January 18, 2011

History proves very useful and predicting the past

Uh, that's something you should know from life...not just trading Forex.

So what did you learn today?

1. 2 verified trades per LO
2. 2 verified trades per NY
3. 13-100 pip swings per trade
4. Frequent lame counter move trades that stop and reverse back with the trend @ 38.2-50.0-61.8 Fibo

Tactics based on history:

1.  Focus on locking in BE on every trade  (trade on the "house" as often as possible)
2.  BE should be based on crossing of 10M chart 40/50/60 lines
3. Goal of every trade should be to get SL to BE and then let the trade run
4. Possible use of a Trailing Stop to lock in 25 pip bunches

0 comments:

Post a Comment