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for 50 aday. lot size shld be between 0.5 for one trade or .25 for two trades.
use midnight trades +/-5
also put a trade below the spikes
15min trade- best use for sunday hi/lo
never try predict the market
time of entry shld before 7 am.
on daily chart time separator is one month
4hr is one week
1hr is a day therefore use 15 mins
stop losses
sunda hi lo is crucial put a buuy at hi, sell at low; and midnight is lo the nxt day
put ur take profit by the sunday lo.
5/1/2014--LOT SIZE OF .5PUT IN TRADES BY 6:06 AM. USING MID HI-LO-MIDNIGHT BUY WAS small sell~2pips
News
8:30 Manufacturing PMI GBP --WENT IN TO BUY THEREFORE TOOK MY PROFIT
--went up 40 pips.
12:30 USD UNEMPLOYMENT/ YELLEN SPEAKS--no impact--very minimal
172114
EUR/USD- LOT SIZE .2
Buy- 1.3874
Made 23.60----i SHLD HAVE USED 15MINS INSTED OF I HR. WOULD HAVE GIVEN
ME A CLEAR VIEW-- CLOSED TOO EARLY
ALSO IF THE BAR FORMS TO THE HIIGHEST PEAK IN THE MID HR CLOSE IT!
SELL 1.3862--
5/7
I put a buy @ 1.39300 of 0.2 and a counter sell @ 1.3906 of 0.4
the take profit for the buy and the stop loss of the sell are almost at the same spot.