We are what we think; all that we are, arises with our thoughts; with our thoughts, we make the world.

When a currency is in the middle of a consolidation range (even on small time frames), enter a trade to buy AND a trade to sell. Set your limits a little before the outer edge of the consolidation. Be sure to account for the spread and difference between a bid and ask chart when setting your limits.

Time the entrances for each direction so the pip spreads are cancelled out. Thus you have a completely zero hedge until one of them limits out.

Enter in the middle, one order selling, one order buying, set the limits for each to just inside the recent consolidation, get paid as it swings both ways.

If you enter at the edge, you may only take a loss as the market decides to leave the consolidation.  If you enter in the middle, you will most certainly capture something. At most you risk only 1/2 of the consolidation range.  If the market leaves the consolidation range after you enter, your loss would only be the difference between your limit for one trade and the stop loss of the other.

Share This:

Gold Trading GCC
Gold Trading GCC
2 Great trading tools
Forex Smart Tools
My Amazon store
Click here to view some amazing books and videos on Amazon.

This selection was handpicked by me.
Checkout another website
This FREE website contains clean, safe jokes to get you laughing.