Friday, December 4, 2009

trade 12.4

EUR JPY +22.2pips
GBP USD +15pips

today pips = +37.2 pips

how to trade during Index: like unemployment rate and non farm employment change
1. set order without limit
2. set stop (less than -10pips is better)
3. see the 1mins candle chart with BB
4. set trail 10 pips to 15 pips
4. entry if price cross  BB +-2α and +-3α,
5. .take profit when its candle changed or follow your trail  .
6. if you want more profit, entry when above candle change again and follow your trail.
7. do not forget set stop, risk management is the most important for this case too.

it is like playing game, it is better to trade like game for index. :)