Wow… Sept 2022 was the last time I added to this thread… Lockdowns were biting and the world had gone mad… Ok… Back to the topic… Non Chart Trading…
A simple Currency Strength Meter (CSM-Available across all platforms) strategy that can be used to Filter best pairs out to trade and when to enter said pairs, and even when to exit… (Examples Below)
This strategy operates on the 15min TF… Almost scalping… But not quite…
We only use the most liquid currencies AUD, EUR, GBP JPY and USD… We only trade the Major Pairs that present opportunities shown by the CSM… November 28th’s Asian session shows us at 10.00am that the JPY and AUD and are the strongest and that GBP, EUR and USD are ranking the weakest…
Out of all the possible opportunities are the two Majors… AUDUSD for a Buy and the USDJPY for a Sell… AUD and JPY are stronger than the USD… Both opportunities could clearly be seen at 10.00am…
AUDUSD 15min Chart - 28 Pips…
USDJPY 15min Chart - 54 Pips…
So by filtering out the least popular currencies, then filtering out the strongest and weakest currencies, then only trading the Major pairs we have made a nice 80+ Pips in Under 5 hours with very little effort…
Just another simple strategy from my SpoonFed Forex Library…
Always… Always take it out for a spin on a Demo first…
