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Forex STOP and Reverse

Discussion in 'Forex Forum' started by redfan, May 21, 2016.

  1. redfan

    redfan Guest

    stop
    and
    REVERSE,



    Hi guys

    This thread is not the winning system. Anyone who copies any of my trades do so at their own risk.

    I first got this idea from another thread call SAR ON THE 4 HR CHART. Which I was contributing to. But then I realised I was changing the rules so I've started this new Thread.

    I'm still using the 4 yellow lines, But I'm not using the blue line or the red line. So that is a rule change
    I'm using the one hour or the 30 minute chart to pick my entry point. So that is a rule change. Also I am closing my trades instead of letting them run all the time so that is a rule change. I am also moving the stop to take profit at a earlier stage.
    I'm also only using three pairs EUR/GBP, EUR/USD, GBP/USD, the reason I'm only using three pairs is I want to get to know where these pairs go. I want to know when they are at the top of the price and when they are at the bottom of the price I just need to know how these pairs react to everyday life. I will be using the lot size 0.10
    there will be two moving averages on my chart 14 period and a 4 period will also be an RSI which is a 14 period.

    I will probably be only on the site 3 days of the week probably around 8 o'clock London open and about 2 o'clock New York open that London time.

    Just another point as soon as we can we will make our stops smaller and even go to break even with them.

    I will make a short video just to show you how I get an entry point,

    Source.
     

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