Pre London Mechanical System
Pairs traded: EURAUD, EURNZD, GBPAUD, GBPNZD
.............................................................................................................
Indicators:
US DOLLAR DAILY chart
EURGBP DAILY chart
AUDNZD DAILY chart
.............................................................................................................
1) A couple of hours before London Open check direction of Indicators
If current DOLLAR DAILY candle is UP, then we will be buying EUR or GBP
If current EURGBP DAILY candle is UP, then we will be buying EUR
If current EURGBP DAILY candle is down, then we will be buying GBP
If current AUDNZD DAILY candle is UP, then we would be selling NZD
If current AUDNZD DAILY candle is UP, then we would be selling AUD
..............................................................................................................
If current DOLLAR DAILY candle is DOWN, then we will be selling EUR or GBP
If current EURGBP DAILY candle is UP, then we will be selling GBP
If current EURGBP DAILY candle is DOWN, then we will be selling EUR
If current AUDNZD DAILY candle is UP, then we will be buying AUD
If current AUDNZD DAILY candle is DOWN, then we will be Buying NZD
.............................................................................................................
2) Once a currency pair and direction has been chosen wait for a HOURLY candle to retrace. Enter on the open of the next hourly candle
.
3) SL is Hourly ATR (14) TP is Hourly ATR (14) x 2. Risk/Reward is 1:2
.
4) Only one trade per day
Pairs traded: EURAUD, EURNZD, GBPAUD, GBPNZD
.............................................................................................................
Indicators:
US DOLLAR DAILY chart
EURGBP DAILY chart
AUDNZD DAILY chart
.............................................................................................................
1) A couple of hours before London Open check direction of Indicators
If current DOLLAR DAILY candle is UP, then we will be buying EUR or GBP
If current EURGBP DAILY candle is UP, then we will be buying EUR
If current EURGBP DAILY candle is down, then we will be buying GBP
If current AUDNZD DAILY candle is UP, then we would be selling NZD
If current AUDNZD DAILY candle is UP, then we would be selling AUD
..............................................................................................................
If current DOLLAR DAILY candle is DOWN, then we will be selling EUR or GBP
If current EURGBP DAILY candle is UP, then we will be selling GBP
If current EURGBP DAILY candle is DOWN, then we will be selling EUR
If current AUDNZD DAILY candle is UP, then we will be buying AUD
If current AUDNZD DAILY candle is DOWN, then we will be Buying NZD
.............................................................................................................
2) Once a currency pair and direction has been chosen wait for a HOURLY candle to retrace. Enter on the open of the next hourly candle
.
3) SL is Hourly ATR (14) TP is Hourly ATR (14) x 2. Risk/Reward is 1:2
.
4) Only one trade per day