...on 30th Nov.
Again I am buying it at a high. That does not make me popular does it? But then, that is how I consistently make profits for the past 2+ years.
Stop loss 3.57. I am using a last bar stop (the bar before the entry). I am using the low value, of course. This is in the book "How to Make a Living Trading Foreign Exchange" by Courtney D.Smith.
In the book he describes the 55/20 breakout strategy he uses, which is a variant of the Turtles breakout trend- trading strategy. This is one of the strategies that I find still works quite well. I also use it in my forex trading as one of my longer term strategies. (My main strategy trades up to 3 times a day, and of course that is automated)
Most strategies I came across work sporadically or not at all (and I do come across lots of them, as I do my automated programs for various clients across the globe in addition to my own research). Some just looked good on backtests but that is altogether another subject.
Target 3.89
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