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Wednesday, June 4, 2008

HOW TO MAKE 40 PIPS TRADING WITH NEWS

Trading with News has made many trader to loss alot of money because of the lack

of simple technique to apply. Here is a simple step by step guide on How you can


make at least 40 pips trading the News.

StepI: Check for High Impact news at any News providing Website.

StepII: Open your trading platform 5minutes before the speculated time.

StepIII: Place a Pending Order for Buy Stop with 10pips deviation from current

market price {i.e if the current market price is 1.0022 then your entry point will be

1.0032 and take profit will be 1.0052} and set a Take profit of 20pips.

StepIV: Place another pending Order for Sell stop with 10 pips deviation from

current market price (Below) as illustrated in buy stop above, and set a take profit

of 20pips.


StepV: Watch the market moving at the release time, one of your pending will

striger and take a profit for you.

StepVI: As one of the order pick it profit sock the counter order closer to the current

market price. E.g If the market move in favour of Buy then modify the counter sell

to sock the price because at the expiry of the News the pair will retrace. Therefore,

on retracing the other Order will triger and make another 20 pips making a total of

40pips.
Amazing isn't it?

Disclaimer: Paper trade with this technique before applying it to your real money
and after trading with it spread the News to other trader.
Make sure the Event you want to trade with has a high impact on the market and
always set your trade 5 minutes before the fore casted time.

(c)http://onlinemoneymakingclub.blogspot.com

1 comment:

Financial Journalist said...

I prefer buying strangle in option trading or buying OUT in binary trading.

Binary trading platform: www.mansion118.com