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Foreign exchange Tips: Victoria Secret

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Victoria secret is a trick to make revenue from bullish market which is sort of near prime ranges (saturated ranges) in Eur / Usd and Gbp / Usd pairs. I developed the trick at 2005. Some had been fails, however most of them are ended with nice revenue.

I booked revenue of 200 pips in Eur / Usd on the final week of January 2006 with utilizing only one order and 1 in a single day. However sadly, I used to be loss for -35 pips on the first week of January 2006 in Eur / Usd. And I used to be succeed to take revenue of 300 pips in Gbp / Usd in December 2005. Due to this fact, I strongly suggest you to make use of cease loss in implementing this trick. I exploit 35 pips hole from open place for Eur / Usd and 50 pips hole from open place for Gbp / Usd.

When the Greenback is weakening in opposition to the Euro and Kilos and enters its saturated ranges, then it's time for us to attend for its correction. Will correction happen (resulting from financial information impacts or simply for technical rebound), often it would make important motion. And it is a good alternative to enter market.

The best strategy to predict saturated ranges and discover Victoria Secret alternative is by taking a look at RSI (14) indicator at time-frame of 1D. When bullish market is reaching 65 stage (crossing above 65), then it's time for us to stay up for ready for Victoria Secret alternative.

Use candlestick mode in your chart. When RSI (14) at time-frame of 1D crosses above 65, take a very good have a look at market worth. If market worth kinds 'empty candlestick' (closing worth above opening worth), then we'll look ahead to 'shaded candlestick' (closing worth under opening worth) on the following days.

Whenever you obtained the 'shaded candlestick', then the day after that might be our Victoria Secret day.

So the sample can be:
Empty candlestick-shaded candlestick-victoria secret candlestick

Yup, I do know … you would possibly should be persistence to make revenue from this trick. However contemplating its reward, it’s price to attend for the chance.

When market worth at Victoria Secret candlestick is the same as excessive stage at shaded candlestick, then it's time to promote. And don’t forget to make use of cease loss.

When market worth strikes almost our cease loss, then we're not going to do something. If our cease loss is hit, then let it go. It implies that this isn’t our fortunate day. But when market worth strikes downward then we're so near massive victory.

Its predominant goal is to earn massive victory and often the chance happens in low unstable market. Due to this fact, I named it Victoria Secret trick.

One trick that may make you feels comfy along with your revenue and makes you please to 'see' it. Similar to 'the opposite' Victoria Secret. what I imply.



Source by Ramano Richie

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