================================================================ FOREX EXIT PLAY BOOK PLAN "A" +PIPS 20 WAIT 19 WAIT 18 WAIT 17 WAIT 16 SET STOP: ENTRY + 10 15 WAIT 14 WAIT 13 WAIT 12 WAIT 11 WAIT 10 SET STOP: ENTRY + 5 9 WAIT 8 WAIT 7 WAIT 6 WAIT 5 SET STOP: ENTRY + 3 4 WAIT 3 WAIT 2 WAIT 1 WAIT 0 ENTRY: STOP LOSS ENTRY - 10 USE STOP MARKET ================================================================
<--------------------------------------------------------------------> 1) Price within 20 pips of the daily low (ClLo < 20) - that is OPPORTUNITY <--------------------------------------------------------------------> PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
"Now, 2 patterns of market behavior happen on a regular basis: 1) the price breaks to new high's (or low's) 2) the price reverses from new high's (or low's) They happen regardless of time frame (with the obvious limitations explained above) They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist." - H. Rearden ============================================= "The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books." ============================================ PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.