I've been using heiken ashi with fibs and stochs, basically looking for a 38 or 62 bounce on H4 in line with daily trend (if the daily trend is up only take an 'up bounce' and vice versa).
Very nice trade on GBPUSD picked up on monday evening (gmt) currently 120 pips up, can't post any charts right now as my office won't let me install mt4 but will post this evening.
Great thread by the way, been lurking but now thought I should post.
On a side note fibs are the only way I've ever managed to make money with forex, I like heiken ashi as it's a great trend indicator and helps me see turning points easier than candles along with the confirmation of a stochs cross.
Happy trading everyone!
Very nice trade on GBPUSD picked up on monday evening (gmt) currently 120 pips up, can't post any charts right now as my office won't let me install mt4 but will post this evening.
Great thread by the way, been lurking but now thought I should post.
On a side note fibs are the only way I've ever managed to make money with forex, I like heiken ashi as it's a great trend indicator and helps me see turning points easier than candles along with the confirmation of a stochs cross.
Happy trading everyone!