Google

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. :)

No comments: