a new rule for trading spread has come in mind..suppose spread has made a low at 1532, then go short 1 lot at low+9 ticks i.e. 1541, 2 lots at low +10, and 1 lot at low +11......book profit at 4 ticks only..if it goes agaonst you without giving hiting the profit target, average with 4 lots at open +15....
book all of the 8 lots at open +10...now next valid short is only at open +15 and average it at open +20..book profit for open +20 short at 5 ticks, and for open + 15 book profit of 4 ticks..
the entry at open +15 is valid till 8 pm for 4 ticks profit
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