Wednesday, May 16, 2007
This is how u predict the market. First u draw a trendline. As u can see at the picture, the trendline for resistant is in Red.
When RSI(14) had showed Oversold, we place a buy stop order 10 pips above the resistant trendline. The take profit we can put at 38.2 level and 50.0 level. this is a break out strategy.
stop lost we put around 30pips. Hope this will help u in trading in the future. :)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment