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Wow that is insane!!! Possible to teach us how to do this?
Friend, that was manual trading on an Exotic pair EURTRY late last year when it was coming off its all-time highs. Fundamentals were Short since TRY increased Swaps to 24%, and the Big Money was borrowing EUR to buy TRY.
I was trading 500:1 leverage and using HUGE risks. It was a gamble I admit - but an educated gamble.
I considered long-term price action, including Fib retracement and trend lines. I had to consider economic news related to Turkey and understand the potential reasoning behind the moves.
These opportunities occur rarely: AUDUSD 2008 (when I started), EURCHF 2015, GBPUSD 2016...
You can get smaller moves with NFP or other Major Economic News. The difficulty is:
- catching the opportunities: no human can watch the market 24/5.
- consistency: no point being right once and failing 100 other times.
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