Your trading volume can improve lives!

10% of the total profit earned by RebateFX is now donated every month to Charity!

13th November Forex Breakout Signals

  • Author: admin
  • Date: November - 13 - 2008

USD/JPY – 20 pip trail
Buy @ 96.46 SL95.86 TP96.96
Sell @ 95.48 SL95.86 TP95.12

EUR/JPY – 25 pip trail
Buy @ 120.08 SL119.26 TP121.74
Sell @ 118.57 SL119.26 TP117.06

GBP/JPY – 40 pip trail
Buy @ 144.07 SL143.04 TP147.00
Sell @ 139.31 SL141.69 TP136.38

13th November Forex Breakout Signals

2 Responses to 13th November Forex Breakout Signals

  1. Obed says:

    Hi Jafar,
    Can you tell me what tool should i use in MetaTrader to know where is going the trend?

  2. Jafar says:

    Hi Obed

    I have a very easy trend detection method that has been used both in Forex and the Stock Markets for several decades.

    Indicator: 200 Simple Moving Average (SMA)

    Place a 200 SMA on your chart…

    Uptrend: When the price is above the 200SMA
    Downtrend: When the price is below the 200SMA

    You can filter your trades using it as well by only buying in an uptrend, and only selling in a downtrend.

    Remember Trend is your Friend? The 200SMA is like a relationship counsellor who makes sure you agree with your friend all the time 😉

Leave a Reply

Economic News