Trading High and Low Situations Introduction First of all I would like to say that although this method of trading works for me, it is not necessarily for everyone. Trading is a personal thing, and each and everyone of us approaches it differently, depending on their beliefs and convictions about the market. I believe that getting one green pip is just about the hardest thing possible, and so the setup to this means must be damn near perfect. Also, any first trade I make, be it on a daily basis, or the first trade of the week, must be a winner, or all goes to hell. So, I stick to my market analysis, and follow the trade through until the end. In practice, this means that either I take profit at a predefined level, or otherwise my stop-loss is hit, or I bail after a market twist or surprise – in which case I go back to the drawing board and start all over again. The following method for trading is the one that I use in real life, and that I incorporate in my trades in competitions at Dukascopy. In short, this is my story. Part 1: The Setup Before I enter the market to make my trade I need three pieces of information: Defining a pair's High or Low Situation Market News an…
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