Just do the arithmetic by yourself to determine the number pips which can be earn from this method,see the chart bellow the yellow rectangular area, the 1st one and the second one
http://i44.tinypic.com/n6w5e1.gif
the method speaks for itself,you only need to new when it is overbought, that is whenever prior is exceeded by new high then know that reversal will be massive ,especially if the reversal is forming a cup shape or V shape turn upside down notice how it went down in each case
Nice strategy looks very good to me, I will try that strategy in my upcoming trading days first i will try that particular strategy on my demo account if I find that this is good for making pips and profit from the market than I will try that strategy in my live trading account and hope that it will help there also thanks and keep it up.
Nice strategy for swing trader..but after i look at a historical candle..its only happen from this february only..before that,the chart is going up..but thanx for your share,cause i never trade on that pair..and after i read your thread..now i have sell position..cause it seem that will go down and made new low until april..thats just my stupid guest lol..
may i ask you ? how do we know the price is overbought or oversold ? do you use any indicators that we know the pair is overbought or oversold ?Quote:
Originally Posted by naziafarhan
i don't understand with your strategy, can you give more explanation about it so i can use your technique to get profits in forex ? is it used only pair aud/jpy ?
Please dont do anything based on this system on any live account. I really wanted to know your comments about this system. And Do you think that it is a good decision in an upward moving market??Quote:
Originally Posted by spiderbooo
I wrote that do the arithmetic by yourself. And you have to become aware about a pair when you trade. So you have to know that when this pair is overbought. Its all about market sentiment. Which can not be measured at all. But If once can understood then these types of moves can be caught.Quote:
Originally Posted by jiching
can be used in the demo we use on this system, we need some testing times because we do not know how strong the signal prediction and we've got, so once before in life backtesQuote:
Originally Posted by naziafarhan
maine aaj tak kabhi bhi aud/jpy ko track nahi kiya
me hamehsa un pairs ko track karta hon jinka base currency usd rehti hai jaise ki eur/usd,gbp/usd etc
you did not use any indicators here and how we will know the market at overbought and oversold ? and i still get the problem to get the understanding about this strategies, and although you just use time frames 1 H or 4 H and it can be intraday
the method speaks for itself,you only need to new when it is overbought, that is whenever prior is exceeded by new high then know that reversal will be massive ,especially if the reversal is forming a cup shape or V shape turn upside down notice how it went down in each case