Hi,
I m new to forex trading just know little about it .. thing i want to know that how traders trade on HI n Low ? i m not getting it i tired but failed many times in practice ... could someone help me ??:cool:
Hi,
I m new to forex trading just know little about it .. thing i want to know that how traders trade on HI n Low ? i m not getting it i tired but failed many times in practice ... could someone help me ??:cool:
What do you mean by trade on hi and low ?
here is a trading idea:
Can you pick the high of the day? or the Low? Probably not. You don’t know what the high or the low is untill after it happens. So…
so look at the price. Do you think this is the high for the day? if you do then you are probably wrong about that so you should buy not sell. Do you think this is the low for the day? if so then you are probably wrong so you should sell and not buy. When price proves that you were wrong then you will be in profit and you should close the trade.
Eerr, 'on H1 (timeframe) and (be)low?