The following is the GBPUSD hourly graph as of Jan. 28th 2010, 12 AM EST. If you observe the graph you can see that it is going in a channel. AT some point it will break the channel and it is a good opportunity to enter the trade in the direction of the break. Chcek the following graph.
gbpusd in channel
The strategy is very simple and works very well. You can find a lot of trading opportunities using this strategy. This strategy involves only parabolic SAR indicator with default settings. Indicators: Parabolic SAR with default settings (Step: 0.02, Maximum: 0.2) Time Frame: Hourly But you need to observe the parabolic SAR on the higher time frame of daily chart. Markets Sessions … [Read More...]
Recent Comments