Take all the guess work out of entries, only variable is exits. This way all the movements beyond 10 pips instigate an entry, large moves create multiple entries. Trying this with a few of the cheap spread pairs.
The exit is key here, most exponential increase is the goal. Move the stop up as new support or resistance levels are created, usually where one was before. Fibonacci seems to hold true during trends, these levels tend to be at lease temporary turning points. Range conditions kinda in the center after a big move.
The exit is key here, most exponential increase is the goal. Move the stop up as new support or resistance levels are created, usually where one was before. Fibonacci seems to hold true during trends, these levels tend to be at lease temporary turning points. Range conditions kinda in the center after a big move.