Killer Forex Trading Methods post comments and questions about the course
20/08/2010 15:47:21
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Reversal patterns at extremes
A range trading approach
Will cost loosers with trends unless you cath the reverals or retrace
The trade entry trend element aims to reduce the loosers
however - it gets you in later.
A compromsie then is pinbar patterns, inside bars, englufing patterns - price action...
So what if you you jsuit trade the setup only at specific times on 1 hour, 4 bars - say at the open?
How about you do that when the daily range from 00:00 GMT is 25% to 5-0%+ of its normal daily range
You are increasing proabaility
timing + technicals is a very good way to trade
you can also use the trend
How about combing the entry or sar with a bounce with the 30min FXMAX Max MA? (magenta)
look at the picture
The MT3 is marking the trades - some of these were loosers but the winners were many times greate than the looses up to 10X risk...
Aslo look the MT RAnge ATR indicator -
+ Time NY open
+ Pin Bar PAtterns
killer trading....oh my...
if you jsut traded for 2 hours per day - if the setup was there trade it if not forget it - you will be successful
edited by forum on 20/08/2010
edited by forum on 20/08/2010
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