Hi all,
This is a system I have been trading for a while and thought I would do as my mum taught me and share.
It is a pivot point system that takes into account constricted activity around these points and helps you reach a conclusion as to trade or not. It is a high probability system so the signals do not come around all the time but when they do, you can trade fairly heavily knowing it has the best chance of success. It seems to work best on EUR/JPY but it works on other pairs as well. Here are some pics of the entries it suggests. I will post the PDF soon.
http://img442.imageshack.us/img442/2650/spotfxeurjpy1http://img111.imageshack.us/img111/4...eurjpy1ra8.png
The Red bars up the top signal a sell
http://img101.imageshack.us/img101/5...eurjpy2hm3.png
The Green bars indicate a buy signal.
Let me know what you think...
GCTrader
*Updated doc file on page 3, post#33*
This is a system I have been trading for a while and thought I would do as my mum taught me and share.
It is a pivot point system that takes into account constricted activity around these points and helps you reach a conclusion as to trade or not. It is a high probability system so the signals do not come around all the time but when they do, you can trade fairly heavily knowing it has the best chance of success. It seems to work best on EUR/JPY but it works on other pairs as well. Here are some pics of the entries it suggests. I will post the PDF soon.
http://img442.imageshack.us/img442/2650/spotfxeurjpy1http://img111.imageshack.us/img111/4...eurjpy1ra8.png
The Red bars up the top signal a sell
http://img101.imageshack.us/img101/5...eurjpy2hm3.png
The Green bars indicate a buy signal.
Let me know what you think...
GCTrader
*Updated doc file on page 3, post#33*