T R & P INDICATOR
T R & P indicator means Time, Rate & Pips indicator. It reveals the position to enter for a successful and safety trading activities.
In addition, T R & P indicator is a price driven strategy that is designed to be traded on EUR/USD once in a day because this currency pair is highly volatile with average movement of 80 pips per day. This market indicator can as well be used to trade on USD/CHF.
Using T R & P indicator is dependent on the choice of currency pair and time of the day because each of these currency pairs has different characteristics and time at which business day begins in these financial centers.
T R & P APPLICATION PROCESS (USING EUR/USD)
To use T R & P market indicator every day, these are the steps to follow.
First step:
Take records of : (1) High & Low rate (the highest and the lowest rate that the market has reached) and (2) the current rate (this rate changes often, it changes to red when the rate drops and changes to green when the rate rises as a result of price fluctuations in the market).
These 3 records must be taken first thing in the morning around 7:00am – 9:00am (UK time)
After taking the records successfully at the right time, you can quit the trading platform or short down the system or keep monitoring the rate as it fluctuates on the trading platform until it’s time to take the next step depending on individual and internet accessibility.
It will then take some hours to wait in other to allow the market to (breakout) take position towards a particular direction before the next step will be taken. The next step usually starts around 1:00pm – 2:00pm, depending on the market trend for the day.
EUR/USD usually starts moving towards a particular direction starting from this period after series of fluctuations being experienced from early hour of the day.
Second step:
Now, between 1:00pm – 2:00pm, check the records that you took in the morning and do the following analysis:
Look at the high and low rate recorded in the morning to see the one that has been changed. Whichever one that is affected will determine buy or sell decision. That is, if the low rate has been changed (reduced) compare to the figure taken in the first step, this shows that the rate is going to fall for the next 2 hours or more. In this case, you can place order to sell EUR and simultaneously buy USD, “SELL POSITION”.
But if the reverse is the case, that is, if high rate has been changed (increased) compare to the figure taken in the first step, this shows that the rate is going to rise for the next 2 hours or more. In this case, you can now place order to buy EUR and simultaneously sell USD, “BUY POSITION”.
If any of the two scenarios above occurs, you place such order (whether buy or sell) to give you between 20 – 40 pips profit objective and set a stop loss of 20 pips depending on the market trend for the day.
OR
In some situations, both high and low rate recorded in the first step might remain the same till that period or might have changed from the records taken in the morning. In such a case, you just hold-on till 2:00 pm. If it’s still the same thing, you can then:
a) Consider the difference between the high rate and the current rate.
b) Consider the difference between the low rate and the current rate.
Wherever you find the highest number of pips will determine your buy or sell decision. That is, if the highest number of pips is found between the high rate and the current rate, this shows that the rate of EUR/USD is going to fall/drop.
And if the highest number of pips is found between the low rate and the current rate, this shows that the rate of EUR/USD is going to rise/increase.
NOTE: In this case, your target should be between 20 - 30 pips profit objective because the trend for the day is not likely to move so much to give you up to 40 pips.
The essence of every market indicator is to have clear signal or knowledge of when to enter the market and come out of the market successfully.
In view of this fact, important attention must be paid to the time and suggested number of pips used as the case may be in the analysis of T R & P indicator given above for efficiency and effectiveness purposes.
T R & P indicator means Time, Rate & Pips indicator. It reveals the position to enter for a successful and safety trading activities.
In addition, T R & P indicator is a price driven strategy that is designed to be traded on EUR/USD once in a day because this currency pair is highly volatile with average movement of 80 pips per day. This market indicator can as well be used to trade on USD/CHF.
Using T R & P indicator is dependent on the choice of currency pair and time of the day because each of these currency pairs has different characteristics and time at which business day begins in these financial centers.
T R & P APPLICATION PROCESS (USING EUR/USD)
To use T R & P market indicator every day, these are the steps to follow.
First step:
Take records of : (1) High & Low rate (the highest and the lowest rate that the market has reached) and (2) the current rate (this rate changes often, it changes to red when the rate drops and changes to green when the rate rises as a result of price fluctuations in the market).
These 3 records must be taken first thing in the morning around 7:00am – 9:00am (UK time)
After taking the records successfully at the right time, you can quit the trading platform or short down the system or keep monitoring the rate as it fluctuates on the trading platform until it’s time to take the next step depending on individual and internet accessibility.
It will then take some hours to wait in other to allow the market to (breakout) take position towards a particular direction before the next step will be taken. The next step usually starts around 1:00pm – 2:00pm, depending on the market trend for the day.
EUR/USD usually starts moving towards a particular direction starting from this period after series of fluctuations being experienced from early hour of the day.
Second step:
Now, between 1:00pm – 2:00pm, check the records that you took in the morning and do the following analysis:
Look at the high and low rate recorded in the morning to see the one that has been changed. Whichever one that is affected will determine buy or sell decision. That is, if the low rate has been changed (reduced) compare to the figure taken in the first step, this shows that the rate is going to fall for the next 2 hours or more. In this case, you can place order to sell EUR and simultaneously buy USD, “SELL POSITION”.
But if the reverse is the case, that is, if high rate has been changed (increased) compare to the figure taken in the first step, this shows that the rate is going to rise for the next 2 hours or more. In this case, you can now place order to buy EUR and simultaneously sell USD, “BUY POSITION”.
If any of the two scenarios above occurs, you place such order (whether buy or sell) to give you between 20 – 40 pips profit objective and set a stop loss of 20 pips depending on the market trend for the day.
OR
In some situations, both high and low rate recorded in the first step might remain the same till that period or might have changed from the records taken in the morning. In such a case, you just hold-on till 2:00 pm. If it’s still the same thing, you can then:
a) Consider the difference between the high rate and the current rate.
b) Consider the difference between the low rate and the current rate.
Wherever you find the highest number of pips will determine your buy or sell decision. That is, if the highest number of pips is found between the high rate and the current rate, this shows that the rate of EUR/USD is going to fall/drop.
And if the highest number of pips is found between the low rate and the current rate, this shows that the rate of EUR/USD is going to rise/increase.
NOTE: In this case, your target should be between 20 - 30 pips profit objective because the trend for the day is not likely to move so much to give you up to 40 pips.
The essence of every market indicator is to have clear signal or knowledge of when to enter the market and come out of the market successfully.
In view of this fact, important attention must be paid to the time and suggested number of pips used as the case may be in the analysis of T R & P indicator given above for efficiency and effectiveness purposes.
