Can the reaction trend system be used to trade currencies?.
In the book, it states that "random price movement appears to take longer to increase than it does to decrease" - this applies to commodities right?
Currencies are traded against each other so i am unsure to whether the same principle applies for the currency market aswell.
If you have been using reaction trend system for currencies, how successful has it been(on average)?...win/lose ratio.
Also - how do you work out whether the first day is "B" or "S" day?.......i am asking this because im not sure how to work out the general trend(up trend or down trend)...ie im not sure whether to use the highest high or lowest low. - the ADX indicator fluctuates so much during a sideways market, it is not possible to see a clear trend direction.
How much money do you risk per trade? (in %)
Thank you
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