1 simple rule to trade.........?
hey all ..........a lot of people ask me for 1 simple rule to trade with
1 simple rule ????.....
ok here it is below
load the FXcorrelator
use the 20ma setting
DELTA 3
put it on the 4Hr TF
now follow these rules.........
only trade in the direction of the order of the currencies strongest to weakest
eh ?
in other words if 1 currency is STRONGER (above) another currency you can only trade the stronger currency as a buy against the weaker one on lower TF's if you get a signal ....
and vice versa if 1 currency is WEAKER (below) another currency you can only trade the Weaker currency as a SELL against the Stronger one on lower TF's if you get a signal ....
heres an example on the current 4 Hr Chart
so in order of strongest to weakest
YEN
USD
AUD
CHF
CAD
EUR
NZD
GBP
in this example you can ONLY buy the yen against anything on lower TF signals and you can ONLY sell the GBP against anything on lower TF signals
and as an inbetweener ...the CHF can ONLY be sold against any of the higher Currencies to its position (YEN/USD/AUD) but ONLY be bought against any of the lower currencies to its position (CAD/EUR/NZD/GBP)
as the positions change on the 4hr chart the rules change ......
thats it !!!
N