My partner for this contest is deathstar Let's trade wisely mate
For this contest I'll use Parabolic Sar to identify breakouts. I'll use trend lines too to identify the trend and find the best prices to enter. And of course I'll try to follow all major news and place Stop orders to enjoy big movements caused by these news.
For Parabolic Sar, I'll use it with the simplest way in daily TF. When the course hit the P Sar and continue its movement with 50 pips or more, I'll wait the market to move about 40 pips in the opposite direction and then I'll enter following its first direction.
Anyways, I'll try to give the best explanation for each opened trade.
My main pairs will be USD/CAD, GBP/USD and NZD/USD
Here in this thread and Here you can find more about Parabolic SAR
Always remember that the most important thing in forex is to be disciplined enough to follow strictly a good Money Management
Good luck to all participants
Final trading statement for our members' learning purpose:
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