I've been using basic trend lines and support and resistance for the month of December, I have a few simple rules and my trades have done very well, check out this chart for a basic idea. Since December 1, I have made 1000+ demo pips with this strategy. Please post or email me any comments or ideas
Please take a look at the attached image; it is today's 5 minute chart for the EUR/USD. We have plotted in trend lines and supports and resistances, using the smaller timeframe we are able to enter new or developing trends in a timely manner with very little downside risk. Our goal is to average 15+
Please take a look at the attached image; it is todays 5 minute chart for the EUR/USD. We have plotted in trend lines and supports and resistances, using the smaller timeframe we are able to enter new or developing trends in a timely manner with ver little downside risk. Our goal is to average 15+