I feel aid and resistance strains actually do act incredibly properly on any timeframe, but You must realise that based on things such as present-day liquidity during the market, time of day, news announcements and the like, rate can just go charging by way of these ranges at any time.
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As with all procedures/units/Thoughts, you will have to adapt them to your individual exclusive situations, but These are an excellent location to begin.
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two) your 2nd statement about earning 100 or fifty pips is senseless with out stating the number of pips you'll be risking, not forgetting The proportion of your account that may amount to. Once more, read with the free of charge things offered on AuthenticFX and elsewhere for getting schooled up In this particular.
Hi there Ranx, you’ll must be a lot more precise if I’m that can assist you. Which strategy were you going to begin on, and which parameters ended up you doubtful about?
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