To reiterate for new viewers. Stops? We haven’t used a stop in the last 200 + trades and every trade made money. We don’t need a Stop, its not necessary. I know exactly the tops, bottoms, ranges, points in between and Turning points. Normally targets hit perfectly then reverse exactly as written. This is a vastly different system than used in 2012 trades if any readers were around for those times. We miss targets every now and then but only by a few pips. Sometimes misses are in the favor of the original trade so its a bonus. Yet never never a loss. Won’t be a loss either. No charts either because charts aren’t needed. Nothing to see in charts, nothing. So no need for a picture. Its belief in the numbers. I know for new readers it must be hard to believe in numbers without a picture but that’s the way it is. For new skeptical readers, just follow along and watch the trades. Every trade posted makes money.
This morning EUR/USD trade. Here was example of failure before target at 1.1226. Failure was 1.1196 from long 1.1162. We did + 34 pips on longs. Reversal was 1.1194 but failure saw instead 1.1171, another + 25. Know 1.1126 was overbought sell point so as price hits the upper zone, the sell point is coming.
EUR/USD. Bottom. 1.1120. Range break above 1.1228, Below 1.1065. Overbought sell point 1.1245. Strategy. Longs above 1.1177, Target 1.1245. Then reverse short to target 1.1211. Failure point of target 1.1212 then reverse short to 1.1194. Points on the way up, 1.1183, 1.1190, 1.1197, 1.1204, 1.1212, 1.1228, 1.1245. Good chance 1.1245 is not seen, look for failure before.
Shorts below 1.1175, Target 1.1148. Break 1.1148, we go lower, Points on the way down, 1.1166, 1.1162, 1.1159, 1.1155, 1.1152, 1.1121 Bottom. 1.1148 must break to go higher to target 1.1175 and higher. Lower bottoms at 1.1121 is oversold, we go long again.
More trades coming,
Brian Twomey, Inside the Currency Market, btwomey.com