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well this strategy is a technical strategy used mostly during the news trading period because most news traders believe that once there is a news release and the market makes either a new high or a new low it is adviceable for traders to enter into the market in the direction of the initial spike.
G blkul humy is doran apni trading band kar dani chahye kyu k hu y soch smjh k or is ko seekh k phir trading katrni chahye.or humy wait karna chahye new trend k liye kyu k ye humari trading k liye best ho ga.
hello friend i agree with you that if u have an opportunities to buy in pull back then must take trade because it gives you profit .
stop loss and the pull backs can work in different ways and we can have a good working and the best work is when the market is silent is when the pull backs happen and its good that there is a lot of good working positions
i think you are right we should take risk in such a situation but in case a pair hits its lower minimum we can buy it and this results in profit 80% of the times, i have tested this on my own, and in case of gbp/usd this is almost true.
in this way what possibility success and fail. if may add may be takeprofit don't too much. enough 10pips in timeframe little. and 30pips in timeframe big like h1 or h4. then how hit stoplost and best distance?. because always there two possibilities moment price achieves new price. can price continue trend or turn around direction and make trend new. and this matter that must be anticipated.
I think thats the greatest idea that you could ever have and understanding the structure is a great way that you should able to work with and be able to understand all in the same and we have to know all the same
yeah pal. we shouldn't rush we should make proper decisions patiently and calmly to earn well and to become a good traderQuote:
Originally Posted by yogesh
I think it depends on what strategy you are currently using some people buy when the value of a currency hits the peak and some still waits for a trusted news for the movement of the market.
Yes it is true and you get an opportunity to buy into a bridge back, but the best thing to do with your study and analysis , and as predicated by the level always enters markets at any moment can not back you.