Quote:
Originally Posted by JForex78
Can you please discuss your entry/ stop/ takeprofit strategy?
Thanks.
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Hey, Aside from these levels i have a system there i have more detailed strategy on exit and take profits...
but these levels i post are very good points to enter on because they are strong support and resistance levels.. based on historical data.
and take profits are generally 20-40pips like wise a stop should be place 10 pips above the level.. but all this is depending on how the market is going.
For instance the level i posted today : 1.6495 I shorted there and made some 50pips (a stop was not necessary because most of these levels they don't break right away), that's aside from my system trades that earned another 170pips. (8/10positive trades)
If anyone would like i could post those trades.
-Rudy