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
Tuesday, January 18, 2011
History proves very useful and predicting the past
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