What I've actually been getting okay returns out of lately is using simple price action on daily charts, and ignoring all news except for NFP. I'll be careful this week due to FOMC, but I've been holding trades longer, getting lots bigger profits, and having much less drawdown trading off the dailies.
One thing I've found that is totally sick, but works, is to apply Mouteki's stuff to the daily charts, then run the trades off the fibs like Vegas. Very simple but, believe it or not, it seems to work on the majors. I don't know about JPY because I've been avoiding it since all the B.S. lately.
One thing I've found that is totally sick, but works, is to apply Mouteki's stuff to the daily charts, then run the trades off the fibs like Vegas. Very simple but, believe it or not, it seems to work on the majors. I don't know about JPY because I've been avoiding it since all the B.S. lately.
"The time to act is when others show signs of tire." --W.D. Gann