Same entry, different exit

Different school of thoughts. Same chart, similar view, different in profit taking. Sniper's trade plan -- 速战速决 If the price has to go toward my other camps profit target, it will definitely cross my profit target first. As a sniper, I would prefer to enter with a **larger position and get out before it reach the other camp's profit target. (In another words, my profit is "guaranteed"). **Assuming that this is also a "killing zone" for sniper to ACT! Assuming that both camp have the similar entry point (HgM for Sniper's camp as that is a NX,Full-size trading zone as well as a potential H&S Pattern) As for the Rambo camp, the "Fish head" formed and would have a entry when it break the "Fish h

Economic calendar: Events that affect Forex trading

What is an economic calendar? An economic calendar (also called a forex calendar) is one which is designed to help traders and investors learn about forthcoming major economic information, such as the consumer price index, private medical insurance rates, and the nonfarm payroll. Even government reports are included. Economic Calendars operate on a much shorter timescale and they are generally released every hour or so. One of the biggest challenges trading around economic indicators is knowing which events are the ones to keep an eye on. These are a few important events that we keep an eye on. 1. Central Bank rate decisions Every month the Central Banks of the world meet to discuss interest

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