Ok, like what I said, here we go with explanation for the ForexProfitSupreme Meter. May Udine forgive me / us for this post, but since still many of you are without success in this great strategy / system, he hopefully will understand. If for any case not, he has the right do delete this post again since we promised not to start discussing about additional indicators.
As most of you may know, this indicator is part of a complete system, the Forex-Profit-Supreme-System. So then there are some other rules in how to handle with it.
The two parts of the indicator, relative strength panel on the right and the left we really dont know how its calculated and its much different from ours! But it really doesn't matters, since we just took a trade only by watching the rsm.
When the order was placed, we only looked at the panel on the left side. And this was a big mistake! We should have a look on the right panel first. Just compare for yourself.
On the left side the USDCAD is in a very good position for a sell order. But what about the relative strength on the right? It doesnt look really promising! Although CAD is on the top, but what about the USD?
Therefore it happened what should happen. USD becomes stronger and price went opposite almost to SL!
Have a look on M1 chart for yourself and compare how the price moved. Keep on mind to trade only the top against the bottom! You will have less trades but more safe. And - there is no warranty for a winning trade!
It's very easy once you understand how it works. Always remember it's better not to take a trade than to lose a trade. There are many opportunities all over the day / week / mth / year.
Jibala
As most of you may know, this indicator is part of a complete system, the Forex-Profit-Supreme-System. So then there are some other rules in how to handle with it.
The two parts of the indicator, relative strength panel on the right and the left we really dont know how its calculated and its much different from ours! But it really doesn't matters, since we just took a trade only by watching the rsm.
When the order was placed, we only looked at the panel on the left side. And this was a big mistake! We should have a look on the right panel first. Just compare for yourself.
On the left side the USDCAD is in a very good position for a sell order. But what about the relative strength on the right? It doesnt look really promising! Although CAD is on the top, but what about the USD?
Therefore it happened what should happen. USD becomes stronger and price went opposite almost to SL!
Have a look on M1 chart for yourself and compare how the price moved. Keep on mind to trade only the top against the bottom! You will have less trades but more safe. And - there is no warranty for a winning trade!
It's very easy once you understand how it works. Always remember it's better not to take a trade than to lose a trade. There are many opportunities all over the day / week / mth / year.
Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)