I am posting screen shoot of my setup for those who are interested.
I am observing six pairs on 5min chart. Observing co-relation is important.
it is interesting to note how if one pair reaches resistance then how opposite pair stops before reaching resistance.
Pl Note. I am trading on FXCM real account. and takes Trade decision based on Metatrader demo platform.
I am attaching another chart GBP/USD with comments to understand price dynamics.
Pl feel free to post commets.
Can anyone try to provide an indicator for Ramdas setup?
I am attaching another chart USD/JPY with comments Pl feel free to post commets. Pl Track this pair and check if it touches sma2400.
before touching sma2400 if pair develops Up patern then one has to exit trade and wait for next pattern.
I am attaching another chart GBP/JPY with comments. Check how gbp/jpy fall 100pips after touching SMA600 and then fall.
EUR/JPY with comments.
I am attaching another chart EUR/JPY with comments.
Purpose of posting chart's is to explain system and how it works.
thxs for sharing...interesting
Here is continuation chart which is posted in post 17.
where i had given comment on chart as do not short when price has touch sma2400.
attached chart suggest what happen after price touch sma2400.
Pl look at attached chart..How price has develop UP pattern.
Look at mark area on chart and refer post 8 where i have mention such patern. check how price has move above sma50 then fall ..touch sma50 and move up.
I am surprise about this up pattern, if we consider tommorow's BoJ rate decission event. normaly position Squaring goes on before such event.
and then currency Re-position itself before event. what i feel is... if usd/jpy fail to cross 118.15 then it will fall on profit booking. and tommorow it will again go up since most do not expect rate hike in december. let us see what happens next.. But as per chart usd/jpy suggest as want to go up.
i'll follow this thread tomorrow