As some of You know, I believe (as small portion of traders here) that on the chart, there are points in time with 100% winning potential. This is what my belief is and it will stay like that for next 100 years. I actually did this year's ago, however then I lost the system. It was simple moving average with special settings, used on tick chart. We don't care about anything else than tick charts and this moving average. (Not sure what type of MA I used before)
However, this is great because you can do it on a phone. No need for special indicators & having troubles figuring out "how to work when I'm not home".
Let's see two pictures. I AM USING 80t chart. You don't need to care what's on H1 or daily chart. Does not matter at all..
Do you see how price went up through these moving averages and then come back to it (from above)? Yes, we can see immediately a reversal. This is it.
This is sadly working only for buy trades. I found NO WAY how to do the same for sell trades. Sometimes they appear, but sadly like 1-3 opportunities per week.
You may ask what's this good for? Well, let me explain little bit more. Potential here is good because of 2 things.
- If we open the trade, we will see in few minutes if the trade is good or bad. This means we can close the trade almost immediately with small loss.
- We can use small account and literally just use full leverage.
I will be trading this very soon, everything will be posted when I start.
Now, fun part at the end. I was watching this for 2 days, there were about 4 trades, all profitable if you enter just like you should. It's harder for newcomers to Forex, you need some kind of eye that already see what's happening and may happen next few minutes.
Also, it does NOT repaint. I was watching it for X hours those two days.
On the second picture (or first.. I'm not sure in which order they appear here) you can see that price touches MA, but after a while we see another low but MA is not there. This does not matter, we can count with it like if MA was there. I will post what I mean in next post.
I welcome any ideas You guys might have, we're here for discussion and I'll happy, as always.
SF