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We would like to introduce you completely new strategy of trading on forex market. This is the part of the strategy which robot EAFX-IQ250PLUS trades. Everyday, we'll publish the charts with analytics of this system. According to the charts any trader can easily identify where trend is going now. On the chart you see a triangle with angles of ABC. Each new triangle forms after the end of the day.
If you want to sell, you need to wait when the price breaks through the CB side of the triangle. If you want to buy, the price breaks the AB level. If the order was open for sell at a break of CB, the stop-loss order is placed by the level of AB. When price moves to the end of the current day(vertical dark blue line)then SL level moves to the AB line slope. When a trend turns to the opposite direction we repeat the same thing in reverse. Red and green color shows the highs and lows of the previous day. A classic take profit of the system is exposed so that the minimum or maximum level of the previous day, depending on the movement of the trend, adding 15-20 points. Or in other way monitor the price and fix the profit. One of the variants - t is a trailing stop. Please, note that the order is better to open when the price comes out of the triangle in the current day, if the price of a triangle comes back in the previous day, and continues its movement the next day, this signal is not very steady, and it’s better not to open the order. http://eafx.co |
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The price is in a downtrend now . If the price breaks through the CB, the bears movement will continue until the level of 1.53605. If the price returns to uptrnd and breaks through the AB side, it will be a strong buy signal.
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If the price reaches 1.5500, the bullish movement will continue until the level of 1.55478. If it is reaches CB side (1.54410), the movement will continue to bear the level of 1.53605.
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The price was in the flat at 01/12/2012 . The flat can be interrupted as a signal for sell or for buy at 01.13.2012. If the price has exceeded the level of 1.53635 bullish movement will continue until the level of 1.54232. If the side BC of the triangle is broken bearish movement will continue until the level of 1.52170. Side BC can be broken at the level of 1.53051.
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After Friday a pair of GBPUSD is in the flat. We look forward to breaking one of the sides of the triangle now. Resistance levels: 1.54063, 1.54962 Support levels: 1.52282, 1.50782.
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The price is in a downtrend now. If BC side of the triangle is broken at 1.53130, the dowtrend movement may continue until the level of 1.52152. The strong uptrend movement may begin only after take point of level of 1.54055. In this situation, the price may grow up at level of 1.54772.
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Today, the price came in to the day above the triangle and broke the resistance level of 1.54400. Expected uptrend movement to the levels: 1.54890, 1.55387.
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The price is in an uptrend today . If uptrend continues the price moves to the level of 1.55130. If the price returns to the triangle and breaks the side of the BC at the level of 1.54170, the downtrend movement will be continue to the level of 1.53440.
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The price is moving now in an uptrend. It is not excluded that, after a strong rise of the price can go back into a triangle. If the price breaks through the resistance level of 1.55740, the bullish movement will continue until the level of 1.57218. At the same time if they are unfavorable news for this currency pair, the price can not break through the level of 1.55874. If there is a broken side BC at the level of 1.54520, the downtrend movement of price will begin. Bearish movement will until the level of 1.53292.
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Today the price has broken the side AB, which was a signal to buy. Now expect to break through the resistance level of 1.56000. If the price breaks this level the movement will continue until the level of 1.56241. If the price will return to the triangle and the punch side BC, it will begin bearish movement. In this case, the price may go down to the level of 1.54181.
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