Congratulation to traders earn more than 100 pips last Friday. {Experience traders can earn up to 300pips}
Recommend strategy: "Sell High" + "Buy Low" to trade in the high and low point in the range, keep Take Profit in your pocket is the best way.
GBPUSD - Breakout Strategy
Long - EP{1.5088}, SL {1.5061}, TP - 1.5183
Short - EP {1.5001}, SL {1.5039}, TP – 1.4908
EURUSD - Breakout Strategy
Long - EP{1.3588}, SL {1.3561}, TP- 1.3683.
Short - EP {1.3511}, SL {1.3549}, TP- 1.3418
Take Note:
1. To prevent false breakout, the price must broken through EP at least 10~15 pips and retrace back to EP before enter trade.
2. If hits SL, wait for retracement of 10-20 pips {low risk trader waits for retrace and break SL price again} to enter opposite trade.
After 17:15 {GMT +8:00 Singapore} the market trends up but failed to break
GBPUSD{1.5088}, EURUSD{1.3588}
Waiting for the direction to reverse and trends down before enter a Short trade, SL is 28 pips away from EP.
After 17:15 the market trends down but failed to break Breakout for Short or false breakout
Waiting for the direction to reverse and trends up before enter a Long trade, SL is 28 pips away from EP.
Aggresive trader
GBPUSD Sell - EP “1.5070”,
EURUSD Sell - EP “1.3560”,
When the market is no longer going upward instead it reversed downward, now it is time to enter Short trade, SL is 38 pips away from EP.
Take Note:
3. Aggressive trader: As long the condition for entry is fulfilled, EP can be plus or minus 20 pips
4. If hits SL, wait for retracement of 10-20 pips {low risk trader waits for retrace and break SL price again} to enter opposite trade.
Buy Low trader pays attention to the major line of
GBPUSD {1.4850-1.4800}, EURUSD {1.3400 – 1.3550}.
If the price is unable to breakout, enter Long trade with SL of 10-20, take profit after price retraced.
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