RULES & LOGIC FOR “FOREX ROULETTE”
Above I’ve made an important statement that I shall copy again here so that
we can dissect the parts of the statement. Here it is:
The simplest way to describe the “Forex Roulette” technique is to use ANY
successful technical analysis methods to determine the probable direction the
market will go in, determine the probable distance the market will go in that
direction, and determine the probability of the market not going sufficiently
far in the direction of your stop, then placing a trade with an equidistant stop
and limit based on the above determined predictions.
Let’s break apart that statement into it’s components so that we can deal with
each point separately.
forex sato
1. Use any successful technical analysis method to determine the
probable direction the market will go in.
2. Determine the probable distance the market will go in that anticipated
direction.
3. Determine the probability of the market not going sufficiently far in
the direction of your stop.
4. Placing a trade with an equidistant stop and limit based on the abovedetermined
predictions.
The above four points are the steps to engaging into a “Forex Roulette”
trade. The below discussions about each of these four steps is a
generalization. Later I’ll touch upon some specific applications.
forex sato

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