A Very Simple Profitable Method for FX

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OddTrader

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. :D
 
Quote from OddTrader:

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

1. Currenct R/S zone set by yourself.

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

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

You can find by yourself the relevant threads on ET.

Any backtesting by anyone would be welcome. :D
More...

What is a "currenct"? Currency, contract, current, correct? What does it mean to set R/S zone by "yourself"?
 
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...
 
Quote from late apex:

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...
More...

Ah, OK. I'll keep the secret. :)
 
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! :D
 
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." :D
 
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