A Very Simple Profitable Method for FX

Here is a very simple profitable method for FX I have even found on ET.

1. Current R/S zone set by yourself.

2. Buy at the current S and Sell at the current R.

3. "TP/SL set by yourself base on beside R/S zone".

You can find by yourself the relevant threads/ charts on ET.

Any backtesting by anyone would be welcome.

 

What is a "currenct"? Currency, contract, current, correct? What does it mean to set R/S zone by "yourself"?

 

If you know how to do #3, then you can do #1.

 

Good bye.

 

Haven't you or anyone found the relevant threads yet?

 

nonlinear, OT is just having some fun at the expense of a certain long-running ET thread. Although its "strategy" is non-specific to the point of being completely untestable, it seems to draw a lot of people, and praise.

Shhh, don't tell anyone...

 

Ah, OK. I'll keep the secret.

 

Fine, you guys by now wanting to know answers may send PMs (by yourself), however not to me.

 

Here is a probably unusual book (I seldom touch), which is relevant to the method.

"Using Zone Pattern Probability Analysis - Detecting High Profit Day Trades in the Futures Markets --- by J T Jackson"

You need to read the book by yourself. Good luck!

 

This method is based on the concept of price zones that was introduced by Dr Bruce Gould, including the cyclical nature of market movements.

"He suggested dividing historical prices into 5 zones in which each zone represents 20% of the price range for the previous three years."