Most of us that visit FF regularly might not be millionaire yet and might still have a day job. If this is you, below strategy might be for you.
1.At the end of day look at your daily closed candle, If it closed up and has candle body more than 50 pips, open a buy position with SL 50pips and TP 100 pips. If it closed down open a sell position with SL 50 pips and TP 100 pips.
2.Come back next day, repeat step 1. If next day candle body less than 50 pips do not open new position. If market moved in your favor for more than 50 pips and less than 100pips, move your SL up/or down 50 pips for previous opened positions. Once your positions is BE, remove TP and let your profit run.
3.Repeat step 1 & 2 until your bank cannot handle your cash any more.
1.At the end of day look at your daily closed candle, If it closed up and has candle body more than 50 pips, open a buy position with SL 50pips and TP 100 pips. If it closed down open a sell position with SL 50 pips and TP 100 pips.
2.Come back next day, repeat step 1. If next day candle body less than 50 pips do not open new position. If market moved in your favor for more than 50 pips and less than 100pips, move your SL up/or down 50 pips for previous opened positions. Once your positions is BE, remove TP and let your profit run.
3.Repeat step 1 & 2 until your bank cannot handle your cash any more.
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