Forex Tricks: Victoria Secret
Victoria's secret trick to make profits from bullish market which is almost near the top at all levels (saturated levels) in the EUR / USD and GBP / USD pairs. We developed a trick in 2005. Some were successful, but most of them have been completed with great profit.
I booked a profit of 200 pips in EUR / USD in the last week of January 2006, using only 1 row and 1 at night. But unfortunately, I was a loss for -35 pips, in the first week of January 2006 in EUR / USD. And I was able to take profit of 300 Pips in GBP / USD in December 2005. Therefore, I strongly recommend that you use stop losses in the implementation of this trick. I use 35 pips, gap open position for EUR / USD 50 pips, gap open position for GBP / USD.
When the dollar weakens against the euro and pound and enter the saturated levels, then it is time for us to wait for its correction. Correction will occur (due to economic data influences or just technical refundable) will usually make significant movement. And this is a good opportunity to enter the market.
The easiest way to predict the levels of saturated and find Victoria Secret possibility is by looking at the RSI (14) indicator of the time frame of 1D. When the bullish stock market reaches 65 level (point 65), then it is time for us to look forward to waiting for Victoria's Secret possibility.
Use beacon mode on your chart. When the RSI (14) within 1D cross over 65, take a good look at market price. If the 'empty beacon' Forms List price (closing price above the opening price), then we will wait for 'shaded lamp (closing price below the opening price) the next days.
When you got 'shaded lamp, and then one day after what would be our day Victoria Secret.
So the model will be:
Empty shaded beacon beacon beacon-Victoria Secret
Yup, I know ... You may need to be patience to make profits from this trick. But given its prize, worth waiting for opportunity.
When the market price of the Victoria Secret beacon is equal to the high level shaded lamp, then it is time to sell. And do not forget to use stop losses.
When market price is around our stop loss, then we will not do anything. If our stop loss is hit, then let go. This means that this is not our lucky day. But if the market price moves down, then we are so close to a big victory.
Its main purpose is to earn a big win and usually occurs preferably in low volatile market. So I called Victoria's Secret trick.
One trick that will make you feel comfortable with your profit and makes you beg to 'see' it. Just like the 'other' Victoria Secret. You know what I mean.
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