Forex daytrading


forex daytrading

trading strategy was designed for a day trader however letting profits run does have its merits. Like Napoleon on the battlefield, you have calculated everything beforehand.

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Once the price is making higher highs and higher lows we call it uptrend. Assume I want to buy. Just before the first trade the price tried to move lower, but failed. I may also opt to give it only two chances to go in my favor if the setup is slightly less favorable (trend not as strong). Again we are working on the eurusd 240 minute chart. Buy again when the price stalls at support and then moves higher. A candle forms a hammer when the real body of the candle sits at one end of the candle leaving a head and handle!

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