View Single Post
  #5 (permalink)  
Old 11-08-2005, 10:15 PM
scorpion's Avatar
scorpion scorpion is offline
Administrator
 
Join Date: Aug 2004
Posts: 1,956
Thanks: 113
Thanked 375 Times in 149 Posts
scorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to behold
Send a message via MSN to scorpion Send a message via Yahoo to scorpion
Default

My switching system enforce various rules to make a switch. One, the switching system acts on time pattern. There're certain patterns on chart showing when market is most likely in range, in trend or in breakout, so statistically this switch method is around 80% accurate. Rule #2 is based on support and resistance levels on various timeframes. Support and resistance levels mostly indicate how far can price moves in trading range and when the market breaks out and create a new trend, so we can exploit this to make a switch too. Rule #3 is related to major economic events in economic calendar. It's 90% probability that market breaks out anytime around a major event.
__________________
Make easy pips with the Advanced Economic Calendar for Forex Trading.

Last edited by scorpion : 11-08-2005 at 10:19 PM.
Reply With Quote

Registered members have access to special online forex currency trading tools, software, mt4 expert advisors and indicators. Register now

Main Menu

Economic Forecast