Opening and closing of trades using the Psych level scalping Trading system
When trading always ensure that you are trading in the same direction as that of the one hour candlestick. The one hour candlestick will form even before a period of one hour is covered since the last one hour. The one hour candlestick shows the direction the market is as per the current market level with relation to level the previous hour candlestick closed at.
Therefore, you should trade at least after several candlesticks have formed inside the one hour candlesticks so that you can be really sure of the direction the one hour candlestick will follow.
Then you only have to enter one trade per hour. If the daily and the one hour candlesticks are in the same direction, then there are hire chances of making bigger profits.
You then close your trades after the market moves at max 30 pips depending on the amount of money you want to loss or gain.
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