Every trader has his/her own way of trading so I have my own way of trading. In my Facebook Group https://www.facebook.com/groups/KhanFX/ I normally post signals everyday. In that, I suggest BUY LEVEL and SELL LEVEL and target as well.
Remember one thing that for every breakout there is confirmation, without confirmation trading is risky. Just keep in your mind that its better to win few pips rather than losing many pips. So always wait for proper breakout of any level which is important.
I suggest U draw horizontal lines at each round figure like 1.20000, 1.20250, 1.20500, 1.20750 and 1.21000... So try to divide 100 pips into 4 equal parts. or use any indicator as now a days Indicators can be found which draw horizontal lines for you and you may setup levels like round figures like 100 pips or 250 pips distance between 2 lines. Breakout of one level will take U to another.
Other than that focus on those levels which are being tested few times. Draw horizontal lines on both levels, calculate the distance between those 2 levels in pips and wait for its breakout.Breakout of any level will give U the same pips as the distance between 2 levels. I have been tested this method many times and it worked very well. For STOP LOSS, ENTRY POINT , CONFIRMATION OF BREAKOUT and FAKE BREAKOUT check out the image below:
Remember one thing that for every breakout there is confirmation, without confirmation trading is risky. Just keep in your mind that its better to win few pips rather than losing many pips. So always wait for proper breakout of any level which is important.
I suggest U draw horizontal lines at each round figure like 1.20000, 1.20250, 1.20500, 1.20750 and 1.21000... So try to divide 100 pips into 4 equal parts. or use any indicator as now a days Indicators can be found which draw horizontal lines for you and you may setup levels like round figures like 100 pips or 250 pips distance between 2 lines. Breakout of one level will take U to another.
Other than that focus on those levels which are being tested few times. Draw horizontal lines on both levels, calculate the distance between those 2 levels in pips and wait for its breakout.Breakout of any level will give U the same pips as the distance between 2 levels. I have been tested this method many times and it worked very well. For STOP LOSS, ENTRY POINT , CONFIRMATION OF BREAKOUT and FAKE BREAKOUT check out the image below:
