Over The Rainbow v1.0
I used this system for many years with great results. It is the simplest sys in the world, it uses just price action, no indicators, oscilators, lines, fundamentals or anything you can think of, just the good ol trend and break outs in price.
I placed a Color SMA(55) for the unexperienced to see the trend better. This is my version of the Rainbow
It works in any pair and any time frame. Later we will fine tune, you can add many things to it.
In this first setup we have a downtrend:
1m EUR chart with Color SMA55 (Type2)
After a top, we take first position on a 1,2,3, then add positions at every support break and exit all positions on the break of latest resistence.
This example...about 125pips in less than 3 hours
I used this system for many years with great results. It is the simplest sys in the world, it uses just price action, no indicators, oscilators, lines, fundamentals or anything you can think of, just the good ol trend and break outs in price.
I placed a Color SMA(55) for the unexperienced to see the trend better. This is my version of the Rainbow
It works in any pair and any time frame. Later we will fine tune, you can add many things to it.
In this first setup we have a downtrend:
1m EUR chart with Color SMA55 (Type2)
After a top, we take first position on a 1,2,3, then add positions at every support break and exit all positions on the break of latest resistence.
This example...about 125pips in less than 3 hours
"Money is only a part of wealth"
Q.