Especially with the G-Y there is also a phenomena that plays itself out very often: if price heads to a .50 level and fails, when it drops down past the next lower 00 level, go short as it will usually continue down to the next .50 level at least. Check it out on previous charts.
Forex is not easy, but that is due to the money management and mastering your own psychology involved .. but it CAN be simple! Many of the most successful traders have made their money following one simple system (like bunnygirl did with her BGX) and just doing it over & over again.
So Rumpled's post is not too simplistic and has a great deal of logic in it .. you just have to be careful & disciplined in following your rules and make sure you demo-test any strategy first, then use very small quantities of real money, and only when you are sure of YOURSELF and how YOU react, can you start to increase your trade size.
My 2 cents
