ROULETTE STEP 4
Placing a trade with an equidistant stop and limit based on the abovedetermined
predictions.
Simply place a trade with your stop and limit orders are placed an equal
distance apart from the price of entry. Your entry can be based upon any
“reason” that makes sense to you (I like entering on previous day’s candle
high/low). forex sato forex dolar
Once you’ve made all your analysis to determine a “good trade” and have
entered your trade then just sit & wait for it to end on its own.
Remember the point of this strategy is to be right more often then you are
wrong, and you will be wrong sometimes (so take your losses
gracefully). Over a series of trades you should find that you are right more
often than wrong, and it is from this imbalance that you gain your profits.
Forex Sailing
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Extra tip – Doing this strategy on daily charts will typically require stops of
say 100 to 300 pips (for equal profits). Of course trade an appropriate amount
of lots based on your equity management rules. This strategy can also be
applied to smaller timeframes, say on hourly charts, with proportionally
smaller stops. Aside from the fact that hourly charts may provide Roulette
opportunities with smaller required stops (good for those of you with small
accounts trading minimal mini lots), the nice thing is that it also provides you
with more Roulette trading opportunities (for those of you who are chronically compulsive traders). forex sato forex dolar

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