im pretty newbie at forex, and forex is still a steep slope for me, but im making good progress. i seem to have found a niche in volatile markets. been trading it the past week, and made a tidy sum (of demo money). i dont know how i discovered it, but it just made sense when i did it.
the system uses bollinger bands and candlestick interpretation. some additional indicators i’ve gotten used to having on my screen is the parabolic SAR and stochastics, which kinda help. the basic premise is that the market moves up and down. this is especially visible in a volatile 15minute chart.
so i just look for a volatile 15m chart, and see if its good for me to enter. the 15min chart should be as horizontal as possible; just have a look at the bollinger bands if they seem to favour any direction. otherwise, only trade in the direction of the ‘trend’.
see the zip file for more! (this place doesnt let me post more than 4 pictures :()
Your trades are interesting and mirrors to what i am trying to do for the past few days. Just to let you know there are false signals in bollinger bands too and you might want to look at avoiding them. Just look at the below link to find out how to do that. This is a very useful link for those who want to trade using Bollinger.