Hi bossxero,
I appreciate your kind words for me and KM.
Yes Kolachi Method works on all forex pairs and commodities.I have personally traded all yen pairs, major USD pairs, popular crosses, gold and silver.
Regarding scalping, i prefer to use pairs with tight spreads as it is of no use to risk 7-10 pips on GBP/CHF, GBP/JPY, EUR/CAd or EUR/AUD and earn pips equal to or less than the spread itslef.In scalping tight spread is a great edge which we need to be successful in forex.If we risk 7 pips, then we need toearn 7 pips to keep RR atleast at break even.The tighter the spread the better RR we get.
However, as Kolachi Method is equally valid on time frames like 1M or 5 M.So trading these TFs results in scalping ultimately as slope of wma5 changes quite frequently on small TFs and we bag pips on each koalchi cycle.
regards,
kolachi
Quote:
Originally Posted by bossxero
Thanks Kolachi for sharing your method for free on all these popular fx boards. And since your system is a good one, your name will be remembered for quite long 
About the method, I think it works with all pairs. What abt it scalping feature in regards to spreads? In that case, I mean do u scalp the cable also? or just the pairs with lowest spreads?
Regards |