TAG "Touch And Go" method

Here's a simple system I've been using for a while now and once again am having that "mooch" feeling rising (in regards to FF) and I've found sharing helps to battle that feeling.

It's a simple "set and forget" system that has produced 12 wins and 4 losses for me this year. I know that it's not a method that scalpers will fall in love with, but that's not whom I'm speaking to.

Here she is...

The pair EU (I've tried this with other pairs mainly GJ, UJ and GU and the results aren't pretty)

Note where PA is at the beginning of the week as it will determine short or long orders.

Calculate the Weekly PPs. Compare the PP, S1 and S2 to all .xx00 numbers. Any that land within 25 pips of each other are valid. For example last week PA opened in the 1.40 area and the PP for the week as 1.3823. That makes 1.3800 a valid entry for a long. The 1.4200 level was also valid but was not triggered as was 1.3600.

I use a 100 pip TP and a 67 pip SL. I prefer to keep my RR at 1:1.5


The system can be used to aim for longer term gains all depending on your goals. It is just a simple method of looking for potential turn around points.


That's pretty much it. Best of luck.

Looks like a really interesting strategy you've got there..
So for EU this week... just to see if i'm getting this right..

EU opened at 1.4147
Wkly Pivot at 1.4032 which is near the 1.4000 level.
There's a Weekly R1 at 1.4273 which is near the 1.4300 level making it around 27 pips difference..

If price approaches the Weekly R1, we look to short the pair.. am i right?

You've just about got it right. I have the PP levels at R1 1.4286 PP 1.4288 and S1 at 1.3911. (Which also happens to be the PPs offered on actionforex)

What that means is we would have a short at 1.43 and a long on 1.39 There would be no order placed around the PP itself.

So the short at 1.43 paid off. TP 100 pips

In addition to the current version of TAG I wanted to add that opening orders with a SL of 100 and a TP of 400 also turns out some pretty strong results. For the year so far. 6 wins and 2 losses. For a total of 2200 pips.

do you have longer back test data more than 12 win with 4 loss ?

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RSI Divergence Theory

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