EURCAD & EURUSD examples
50 pips target.
EURCAD main trend is down (Big Arrows).
Small arrow appeared in the trend direction.
I entered @ 1.6100
A small red arrow confirmed the trade after my entry (giving me thumbs up for my entry).
Out on 1.6050
Price goes back to my original entry point.
As I stated , the price will highly likely come back to your entry point even after visiting another round number.
This is why I said : " We will be entering at the same price but maybe not at the same time."
This was that same price entry opportunity, but different time of the day.
EURUSD example.
The trend is UP.
Waited for the price to come back to and below 1.1600.
Entry long on return to 1.1600
A week later did the same at the same price.
Same price, different time.
Those are examples of how prices like those round numbers.
With 50 pips a day you can make a great living for yourself.
Don't ignore that fact friends.
One trade a day is enough really.
200 pips a week. That's all, don't be greedy and aim for 250.
Aim for that and you'll be golden.
If you hit 200 pips before Friday, pack up for the week and start over next week.
Have a great weekend.
God bless you all.
Re: Simple Trading System
231As you get older 3 things happen. The first is your memory goes, and I can't remember the other two.
