DislikedHi...forexflash: nope, they do not have to be those pairs, you could refer to trader's post #289.... He explained the concept of anchor pairs
Kfx, i think the proftcalc just gives us an idea, what most of em did was to keep a excel spreadsheet to track the relative positions of all pairs, that gives the strongest indication.They do this at different juncture and time period, and enter the market whenever there is a change in bias. Some of em i believe like shadowprince suggested entering on the retraces and had good results, trader uses the long term IA to observe the longer trend bias.
I am not sure about the difference in spread... haven study this mehtod in too much detail, perhaps somene else could help.
and i am inclined with comdoc's explanation as well, thats how I understood the systemIgnored
- | Joined Nov 2006 | Status: Member | 1,143 Posts
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
- | Joined Nov 2006 | Status: Member | 1,143 Posts
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not