If you like to use an automated trade management you can add the Powerplay Trade Manager as well
HOW TO TRADE WITH THE BLUEBALL TRADING TOOLS ?
Let me explain it in an example chart.
If the next support and resistance levels are far away you can use them as profit targets.
And that's how it looks after this breakout
GENERAL TRADING TIPS
1. Check if there are any upcoming high impact news events for your currency pair.
2. Especially in the beginning i recommend to stay with the major USD pairs like EURUSD, USDCAD, AUDUSD, etc.
If you trade cross pairs like GBPAUD you have to check GBPUSD and AUDUSD as well.
3. Discipline and patience is the key to success! 2-3 profitable trades per day is more than enough.
You want to see more trading examples? Follow this link to get dozens of trading charts
Don't hesitate to contact us if you like to get further assistance.