DAILY STRATEGY (DAILY CHART)
Trading Rules:
This system is based on the fact that most of the time you will not find same size candles for 2 consecutive days on a daily chart: the price is moving steady either up or down with no price “noise” which is always present on smaller time frames.
Choosing a profit target for the day becomes easier when you know a daily range average for a particular currency pair. For example,
GBP/USD daily range average is 180-200 pips
EUR/USD daily range average is 110-120 pips
USD/JPY daily range average is 80-90 pips
USD/CHF daily range average is 120-130 pips
For more info. search below.
Happy trading!
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