Showing posts with label CCI. Show all posts
Showing posts with label CCI. Show all posts
Have been away for while…
Well that doesn’t mean not active in Forex trading rather I was more active and devoted all my spare hours in learning while trading. There was lots of Hits and Try and finally something what I learn is very encouraging. Just a couple of month ago trading for me was shuffling with so many currency pairs in so many different time frame, Never ever concentrate on one single pair and the result I reached nowhere. Some Win, Some loss but total loss of time and energy.
This is when I decide to fix a target for a week and which just 400 Pips a week initially. I select the most volatile currency pair that is POUND and YEN – GBP JPY. One of the best things in this currency pair is the ATR (Average Trading Range) is highest appox 300 Pips a day while the spread is also more in compare to other pairs but there is no doubt that it is the most exciting pair and can give you great opportunity in Asian as well as London market hours.
Have a look at the Chart gives you and idea how I capture more than 100 Pips just in a day while trading for just few hours. I have seen in my back testing that one can find such opportunity more than once in a week time so If you are targeting even more than 100 Pips, It can be achieved successfully. I am also trying with some indicators and testing is going on. Keep watching the page and I will come out soon with the combination of an Indicator which can help to trade more confidently. I’m using the combination of Bollinger Bands and CCI right now, more again.
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