A recent series of unrelated events have occurred that brought me to a discovery. I’ve shared my find and it was suggested I post it. So, here it is:
I Trade YEN. Not one pair but 6 pair at a time! I also bank around $1000/day, most days. Do I have your attention now? LOL
No special indies or templ. are needed. Open up the six pair with JPY as Base currency (USD, AUD, CAD, EUR, NZD and CHF), minus the GBP pair. Set them to your favorite candlestick formation and set in H4 timeframes. Now, tile all windows vertically. Look at them real close. Notice anything? Yes, they’re all in sync or close.
Now change all 6 TFs to W1 TF. There’s your Trend, folks! You now have all you need to know.
I’d suggest you first open trades across the board (when you feel right) at 0.01 lot. Get a feel for the action and don’t forget initial bounce against order line. My $1K days sometimes come from as little as 0.04 lot trades. I’m using a $2K acct w/1:300 lev.
This “sync” situation happens throughout the day with YEN. I’ve tried this concept with the other base multiples and they all fall apart, never staying in sync like the Yen. The Base Yen pairs are a “fishing hole.” Use it and enjoy it.
At 7:45am this morning, I entered my 6 trades. It’s now 9:40am. I just closed all trades at $1197 profit. I’ve since reopened the trades and am up $214 and growing. I may do a couple grand today.
One final item. You need to Google the net for a “Close All Orders” script for your MT4. Makes exits much cleaner and saves money you might lose while you mess with order closure.
That’s it, gang. Stupidly sweet and simple. And it’s there, all day, every day. By all means, DEMO FIRST! Be comfortable with this before you expose your acct. While it’s close to automatic, you still need to master it to fully appreciate it.
May the Trend Be With You!