Why 13 pips? Why not some even number like 10 pips or 20 pips? And why only 13 pips? Why not some larger number like 30 pips or more?
Well, I have a good answer for each . . .
Everyone is going after 10 pips or some other even number. By setting your trades up to go after odd numbers, you are not following the crowd. That's how you do well. You don't follow the crowd.
Stop running and all those things will affect you if you are where there are bunches of stops and profit targets.
But you won't place your's there. Like this . . .
If you would have normally put your profit target say at 1.2140, don't! Instead place it at 1.2137.
When you place a trade, don't aim for 10 pips (assuming that's what you want). Go for 13 pips. You need to be a contrarian.
Not following the crowd. Remember the old Wall Street saying about sheep getting slaughtered. Well, it's true in currency trading too. If you're a follower, you won't make it.
Now, about actually making that13 pips, what is the best way?
I'm a big believer in simple. This simple old method works well. Ready?
Take a 5 EMA (exponential moving average) and a 6 EMA. Also use at 35 EMA. The 35 EMA tells you the direction to trade. If it's up, trade with buys. If it's down, trade with sells. However, if it's flat, then you avoid trading, as this is not a sideways market system.
The 5 and 6 are signal lines. When the 5 crosses thru the 6, you buy. Opposite for sells.
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