Over the last month or so I've had very consistent results scalping eur/gbp.
What is it?
But its from a neural net app called Nostradamus (accessable from a browser via Java applet) that I get the precise profit targets. Basically it spits out its predicted levels. Based on the predicted levels I then manually decide which way to place the trade. Common sense to me.. all you have to do is go short or long towards a price level thats the farthest from the current price action. With all of the craziness in the euro there are times when i avoid it. But mostly, its a pretty mechanical strategy... I like to place the trades during afternoon NY or start of Asian session. This is just one a few ways to trade the system.
The program has several thousand users around the world and has been used for over 15 years.
Most find the compass tool the most effective indicator. Obviously red means it has a strong probability of continuing to go down and opposite for green. The compass value is the quantitative value generated and the one the be watched.
You can also use the yellow line price cross-over as a trigger. When it crosses price, this is usually the time to get in on the appropriate side of the trade, as it is inverted to the price direction.
To me this is what currency trading is all about. Not trying to hit a grand slam everyweek, but getting singles everyday. When you are trading 20/30 regular lots getting those consistent 10 and 15 pip moves will make you very rich.
Will be posting more on how I use the system before the new year since things are so slow, not a good time to trade.
I will also be starting a Skype room once things get going. Thank you.
What is it?
But its from a neural net app called Nostradamus (accessable from a browser via Java applet) that I get the precise profit targets. Basically it spits out its predicted levels. Based on the predicted levels I then manually decide which way to place the trade. Common sense to me.. all you have to do is go short or long towards a price level thats the farthest from the current price action. With all of the craziness in the euro there are times when i avoid it. But mostly, its a pretty mechanical strategy... I like to place the trades during afternoon NY or start of Asian session. This is just one a few ways to trade the system.
The program has several thousand users around the world and has been used for over 15 years.
Most find the compass tool the most effective indicator. Obviously red means it has a strong probability of continuing to go down and opposite for green. The compass value is the quantitative value generated and the one the be watched.
You can also use the yellow line price cross-over as a trigger. When it crosses price, this is usually the time to get in on the appropriate side of the trade, as it is inverted to the price direction.
To me this is what currency trading is all about. Not trying to hit a grand slam everyweek, but getting singles everyday. When you are trading 20/30 regular lots getting those consistent 10 and 15 pip moves will make you very rich.
Will be posting more on how I use the system before the new year since things are so slow, not a good time to trade.
I will also be starting a Skype room once things get going. Thank you.