lets give a concise idea in my book...
12) IF the pair is OUT of RANGE -----look at day and 4hr, if it is a retracement, or looks to consolidate overnext few days because of that, then , you can turn it on. or wait another4hr period and recheck.....
2) IF the pair is out of range, and it is TRENDING.LEAVE IT OFF. till you get a retracementthen refer to 1.
3) if it is in-range and fundemental news is to be announced, -- SUSPEND ITtill afterwards and you know the fall out.
4) if it is in range, and been making trades for 2--3 days, start SUSPECTINGIT... IE it will NOT rest forever
5) Lots /Leverage, -- DON'T CHANGE LOTSIZE unless you can afford to lose 200pips * 5 (average) and DON'T CHANGE LOTSIZE unless it is in a TREND andlooking to start another consolidation segement so you can max into new lots
Andy <
www.eaFXTrader.com
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