Yesterday in algforex.com our prediction was that we'll see reversion from 1.1967 until 1.2077.
I'll Sell 1.2077 smaller amount. For new people Stops 25 pips.
If you are new, later take some 30-40 pips of Profit and move Stops near Entry.
But never close Trade 100% if it is in Profit.
Old Traders we trade EUR/USD Short long time we do not scare about reversions to much.
We at support levels taking some Profit and we do adding at resistance.
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I like this explanation my Strategy.
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How to react to new market conditions16 years ago
Something new ...
If you want I can open Blog, "Trades just for Living", it would be no explanation, no teaching just plain "Money Making Machine"
FAQ ... How I can get learning about your trading System?
Do not go fallow me in blind, be The Cat that Walks by Itself
- Check your trading Plan many times
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