Printable View
For newbies learning the key point involving forex is essential. It is additionally demand to build the reduce in addition to fully grasp the challenge involving forex. Usually do not sign up for forex blindly. In addition to follow something regardless your individual as well as someone else's.
this is good strategy . i am also use this strategy.
thanks
---------- Post added at 05:53 AM ---------- Previous post was at 05:28 AM ----------
use 3 candle stick
1. first candle is down(that means sell)
2. second candle is also down
3. and third candle is important.when this candle is down,you can sell.
take profit 10 pip
buy rules same of sell.
when 3 candle up.
If you had given your success rate by applying this straegy it would be better for us .However i will apply your strategy from today and will share my outcome at here . thanks for sharing
Yes your strategy is good but i think if the trader use scalping strategy during London session with this pair then he/she can get more then 50 pips per day easily because i think this pair have good fluctuation every day.
Best Forex rebates, earn extra money that you free trade. Works with all types of strategies or systems. If you think you can only make money in some profits on your account, you are wrong.
Your strategy is good but i am following another strategy like scalping during the over lapping session of the London and New work session by this strategy i get 30 to 40 pips daily from this market but some times i give loss for my mistake and i think day by day i am doing improve in this market.
iam not understanding why using distance 30 pips because in another forum i read some one give rule distance 40 pips.why just using for gbp jpy,can me use it for another current pairs?Quote:
Originally Posted by Nusrat
I don't believe that this strategy would work, as for me this strategy is more of gambling. I base my trade on price action and candlestick pattern. You should study candles stick patterns and their interpretations for you to be able to trade better.Quote:
Originally Posted by mrqusa
I think this strategy is very simple, i already used this strategy few times but i am not satisfied by the performance of it. If we use market news and signal in this strategy then we can improve our profit level. So traders should not forget to use other sources to get maximum result from this strategy.
i traded this pair in demo for a few days. actually this pair is a bit too reactive on the verge of major economic news, so you need to take a smaller volume than you take while trading eur/usd or gbp/usd