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Thread: how easy to make 10 pips net per action??

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    Default how easy to make 10 pips net per action??

    To answer about that, need good knowledge about support and resistant.
    U can count how big accumulative profit that u get per month ..per year and so on.
    the rule is : entry at certainly level that give high probability to give rejection chart and discipline with 10 pips net profit always per action.
    all people can easy make support and resistant level, but maybe only less people count the probability of right rejection chart from that own line.

    may you get good profit.

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    I've found that trading breakouts, like Asia high/low breakouts has a good chance of success for 10 pips. Or you could try the range from 5-7am GMT and then make sure the breakout range you want to use from 7am is at least 25pips +spread.
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    Quote Originally Posted by RebateFX.com View Post
    I've found that trading breakouts, like Asia high/low breakouts has a good chance of success for 10 pips. Or you could try the range from 5-7am GMT and then make sure the breakout range you want to use from 7am is at least 25pips +spread.
    what is exactly you stratgy?

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    Quote Originally Posted by muhammad View Post
    what is exactly you stratgy?
    I use fibonacci based targets. I don't use the asia high/low exactly. I use one of the breakout strategies in the strategy pack I send my RebateFX clients but buying at asia high or selling at asia low is a valid strategy to use. Just don't get greedy with your targets.
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    well it's pretty easy to see the trend pairs like G/J follow where on an average day during the asia session is goes down and us/london it goes up but G/J follows U/J most of the time so the overall depends on a few thngs

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    so does this happen always?

    Is it sure that when I buy in us/london time G/J will go up?
    Thats like 100% profit?

    but I thought forex was liquid market?

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    Quote Originally Posted by FXManiac View Post
    well it's pretty easy to see the trend pairs like G/J follow where on an average day during the asia session is goes down and us/london it goes up but G/J follows U/J most of the time so the overall depends on a few thngs
    So, you mean to say that there will be an uprise in G/J during london trading session and also a downfall during tokyo trading session?

    is that correct?

    Well, if it is, then it can be defenately used to our profit. How positive is it, and what do you think is the average "swing" from one session to another?

    thanks in advance

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    Quote Originally Posted by FXManiac View Post
    well it's pretty easy to see the trend pairs like G/J follow where on an average day during the asia session is goes down and us/london it goes up but G/J follows U/J most of the time so the overall depends on a few thngs
    yeah i have observed that gj and uj goes along.. but i thought its gj and gu who is correlated..

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    support and resistant.
    is the best way to get success

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    Quote Originally Posted by dollar_earner View Post
    yeah i have observed that gj and uj goes along.. but i thought its gj and gu who is correlated..
    1lot of GU = 100,000 GBP > 200,000 USD,
    and 100 pips worths 1000 USD,
    so ratio = 1000USD/200,000USD = 0.005
    1lot of GJ worths the same > 200,000 USD,
    and 100 pips worths 100,000 JPY or +/- 815 USD
    so ratio = 815USD/200,000USD = 0.004075
    1lot of UJ = 100,000 USD,
    and 100 pips worths 100,000 JPY or +/- 815 USD
    so ratio = 815USD/100,000USD = 0.00815

    The GJ correlates to both GU and UJ but with different weights.
    Look at the above calculation, one pip movement in UJ will affect GJ almost twice as one pip movement in UJ!
    eg. If GU goes down and UJ goes up because of USD strength, but they move around the same rate, then GJ moves up following the UJ.
    If UJ goes flat and GU goes down, then GJ moves down following GU.
    And if GU and UJ both go up, we hit a jackpot in GJ, as it moves triple the rate GU

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    please i need your advice on this. which is the best way of trading forex technical or fundamental analysis

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    See this strategy http://fxegypt.com/forum/showthread.php?t=2800

    Very easy to trade.
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    Quote Originally Posted by hakeembolaji View Post
    please i need your advice on this. which is the best way of trading forex technical or fundamental analysis
    Hey there is no best way to trade.
    Although the link rebatefx has posted is a good start if you are confused.
    In the end you have to try different strategies and figure out which one best suits you.

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    Quote Originally Posted by MAXpips View Post
    Hey there is no best way to trade.
    Although the link rebatefx has posted is a good start if you are confused.
    In the end you have to try different strategies and figure out which one best suits you.
    Very well said. There are hundreds of strategies out there. A strategy that works for one person may not work for another. Some people also take what works from multiple strategies and create their own unique strategy.
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