Trader Dale

Active Trader
Oct 5, 2016
143
13
44
43
Switzerland
www.trader-dale.com
eur/usd + 10 pips profit
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usd/jpy + 10 pips profit
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usd/cad + 10 pips profit
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Good day today :)
 
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Reactions: radaway

Trader Dale

Active Trader
Oct 5, 2016
143
13
44
43
Switzerland
www.trader-dale.com
Quite some time ago I read a book by Kathy Lien called Day Trading and Swing Trading the Currency Market. I remembered one strategy that she wrote there. It was based on statistics, that there are rarely more than XX bullish/bearish days in a row. I think the number was around 10. So basically If you have for example 10 bearish days in a row you go long the 11th day. If it fails you go again the 12th day (long). I dont trade this strategy but I remembered it because this scenario happens now in some of the fx pairs.
I consider it a confirmation of my eur/usd swing long trade that I took from 1.0635 with SL 1.05. and of a quick nzd/usd trade that I took from 0.6985 and already took profit of 40 pips.
Do you guys like this simple strategy? Have you heard of it?
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