The search for the holy grail

There are lots of holy grails, but they only last during a couple of weeks, then you'll have to search others, and so on, so on.

The market is always changing and there are different traders, so what for me can be ideal, can be rubbish for others. Thats why the best way to found your space is to try everything and leave your confort zone.

Holy grail method? Nope, just basic trading techniques

1. Fibonacci retracements from the last two days, high to low

2. Oversold/overbought condition confirmed by Stochastics 8,3,3

3. Diagonal trendline

4. 8 ema

5. 4 hr (preferrably) or 1 hr chart

6. Buy stop/sell stop order...let the market come to you


Translation

1. the fibs tell you where the price is most likely to reverse to

2. the stochastics tell you which way the market is gonna go soon as it reverses

3. the diagonal trendline you draw tells you the new direction of the reversal once the trend has broken through the trendline

4. the 8 ema...what a little jewel...close under it and you have a bearish trend, close over it and you have a new bullish trend

5. 4 hr timeframe allows runs to happen of 8 total hrs or more. Most won't believe it but 200+ pips per day on a single trade happens every day on the EURUSD.............but I can tell you this, it is much more fun to watch paint dry than trade the 4 hr so you definitely NEED alerts sent to your cell phone.

6. once you know where the 38.2 and 61.8% lines are on the fibs, you know its gonna break through or bounce off of one of them and then go, at least, to the 50% line. My entry is approx 140 pips past the resistance, whether that be the 38.2 or the 61.8%...that's where I set the buy/sell stop, take profit set at the 50%...then I go to bed


Everything confirms each other.

Demo this method and watch. It's not perfect nor exotic but man is it EFFECTIVE.

If you do find the holy grail and it makes you rich, it will most likely also involve jail time because insider trading is a crime.

hey did you find the holy grail??