Well, I have a good answer to each. . .
Everyone is going after 10 pips or some other even number. By placing your trades to go after the odd numbers, not the crowd. That's how to do it well. You do not follow the crowd.
to stop running, and all those things that will affect you if you where there were clusters of stops and profit targets.
But you will find your place there. Like this. . .
If you would normally put your profit target to 1.2140 to say no! Instead, the place to 1.2137.
When you place a trade, not an objective of 10 pips (assuming that's what you want). Go for 13 pips. You must be a contrarian.
does not follow the crowd. Remember the old Wall Street saying about sheep getting slaughtered. Well, this is true in trading currencies too. If you are a follower, you will not do it.
Now, what actually that13 pips, what is the best way?
I'm a big believer in simple. This simple old method works well. Ready?
Take 5 EMA (exponential moving average) and 6 EMA. Also use the 35 EMA. 35 EMA tells you the direction of trade. If the above store bought. If down, grocery sales. However, if it is flat, then avoid trading, because it's not sideways market system.
5 and 6 are signal lines. When it crosses the 5 6 and buy. In contrast to sales.
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