Good Morning everyone
As we can see price of fiber has landed squarely in the Hint level zone. Fiber is now approaching the lower parallel of the Andrews Median Line.
This is an excellent part of my overall strategy that I learnt from an elite group of traders/smart money (billions to move) So this is literally how they do it. Notice there are no fancy oscillators or Macds or rsi or any lagging "indicators" all of the smart money tools are Predictive not lagging. The statistics on the effectiveness of these indicators is not that good. Some are statistically a little better than 50/50. So yes in theory is does give you an edge...but a very blunt edge.
Here I shall reveal one of the Swords of the Samurai Trader. The Andrews Median line. Developed by Alan Andrews around his kitchen table many years ago.
This system not only give you 80% probability winning trades but also gives you a very good risk:reward ratio. Sometimes greater than 1:8 !
The theory is It is more important where the price is going than where it has been and people who trade billions of $ at a time seem to prefer this method. If you can't beat them, well you know....
Guess where the EURUSD is going this week? Don't guess Stay tuned. I shall provide a neat simple chart easy to understand today.
As we can see price of fiber has landed squarely in the Hint level zone. Fiber is now approaching the lower parallel of the Andrews Median Line.
This is an excellent part of my overall strategy that I learnt from an elite group of traders/smart money (billions to move) So this is literally how they do it. Notice there are no fancy oscillators or Macds or rsi or any lagging "indicators" all of the smart money tools are Predictive not lagging. The statistics on the effectiveness of these indicators is not that good. Some are statistically a little better than 50/50. So yes in theory is does give you an edge...but a very blunt edge.
Here I shall reveal one of the Swords of the Samurai Trader. The Andrews Median line. Developed by Alan Andrews around his kitchen table many years ago.
This system not only give you 80% probability winning trades but also gives you a very good risk:reward ratio. Sometimes greater than 1:8 !
The theory is It is more important where the price is going than where it has been and people who trade billions of $ at a time seem to prefer this method. If you can't beat them, well you know....
Guess where the EURUSD is going this week? Don't guess Stay tuned. I shall provide a neat simple chart easy to understand today.
Trade active:
Lower Median line parallel hit to the pip......... got to love it