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At the start of this week we gave you four trades and made four profits. Were not going to tell you how clever we are or were gurus were not - were simple traders with 25 years experience and will share an important forex lesson with you that you can use for big profit potential to:
Trade of the odds and act on momentum changes and you can do it to.
Lesson 1 - Don't Predict!
You will read a lot about how you need to predict markets
We simply looked for momentum to wane into significant support and resistance and then looked for price momentum to turn up in line with our view above or below these levels.
For this we used:
The Relative Strength Index (RSI) and stochastic indicator
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3.22 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."
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