This forex strategy is for those who are looking for aggressive and non-conservative ways to trade forex.
Rules of the forex strategy.
We choose , important price level,(confluence of support and resistance levels, trend lines, round numbers). We place 4 pending orders at each side of chosen price level at 50 pips increments.
BUY positions:Take profit for all positions is ,, important price level ,, + 250 pips.
SELL positions: Take profit for all positions is ,, important price level,, - 250 pips.
Everytime order on one side gets triggered, we add one more position to all opposite price levels.
If first position gets triggered and price subsequently reverses, we will end up with double of the position size to the correct direction.
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Logic is simple: Forex is most volatile market that ever existed and price very rarely stays in same narrow zone. By this simple and effective approach we trap the price and take advantage of any movement, regardless of the direction. In other words we are not betting on price movement direction, but on the inherent attribute of forex market, which is constant movement/volatility.
