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.
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.
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.
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.
CHART
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.
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.
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.
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.
CHART
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.
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.
CHART
The price is moving in an uptrend now over AB side of the triangle . Breaking through the level of 1.56276 movement will continue until the level of 1.56921. A signal to sell is breaking through the BC side . The targets of the downtrend movement levels are 1.54568, 1.53869.
Today the price is moving in a downtrend. Signal to sell is breaking through BC side of the triangle . The targets of the bearish movement are: 1.56335, 1.55798. If the price breaks through the AB side , the bullish movement will continue until the level of 1.57551.
Today, the price began to move in an uptrend. This movement can be adjusted downtrend now. If there is a broken BC side of the triangle , the bearish movement will continue until the level of 1.56379.
The price entered into a triangle. If the price breakes BC side, will be a sell signal. The target of the bearish movement is level of 1.55940. A bullish movement could begin if the price will come from breaking the triangle AB side. The targets of the bullish movement: 1.58007, 1.58122.
CHART
After strong growth today is the day began with a flat. The fact that the price since the beginning of the day brokes the AB side of the triangle, it is said that now price is in an uptrend. The targets of the uptrend: 1.59112, 1.59917. If the price returns to the triangle, we waiting for breaking of BC side. The targets of the downtrend will 1.55437 level .
The price brokes BC side of the triangle today , it shows at the continuation of a downtrend movement. But if there is a strong breakdown of AB, then this movement can be viewed as bullish. Targets of the bull movement: 1.58806, 1.59606. Targets of the bearish movement: 1.57751, 1.57095.
Today, the price breaks the BC side of the triangle. This means that the price retooled into a bear moovemet. The targets of the downtrend movement: 1.60000, 1.61314. If the price returns to the AB side of the triangle and breaks it, the targets of the uptrend movement as follows: 1.56862, 1.55558.
So far, the price is in the triangle. We look forward for breaking of one of the sides now. If the price breaks AB side the bullish moovement begins. The price can rise to the level of 1.58814. If the price breaks through BC of triangle, then the target of bearish movement will 1.56946.
Today the price brokes yesterday's high level. It is uptrend movement. But it is likely that if the price reaches the level of 1.59208 will be correction of movement. In this case the movement is directed to the level of 1.57728. The target of the bullish movement is 1.59892. The target of bearish movement is 1.55877.
Today the price has already broken the BC side of the triangle. It was a signal to sell, but now we see that the price was back in the triangle, and if it breaks through side AB side then it will be a buy signal. The target of the bullish of movement 1.59366. The target of the bearish movement: 1.57100
