I will be introducing a new system of trading on this page from now on.
I will be proving the 5 most tradable pairs for the day everyday with some proprietary indicators' results.
First pair for today is GBP/AUD .
* Description and meaning of all my indicator numbers are given below.
GBP strength consistency 1.3080
AUD strength consistency 1.0580
Expected daily target 2.0301, 2.0252 , 2.0203
Switching point 2.0325
S/L : 2.0375
Avg Volatility: 196
Current % 76
Along with my indicators suggesting a strength in AUD and weakness in GBP, The pounds seems to have embarked on a retracement drive against most pairs. We also have a to the downside which coincides with our targets.
*Strength consistency is a calculated value of strength for each currency. Closer the number to 0, stronger the currency.
Avg. : It is the estimated high to low ratio of a currency pair calculated over some specific number of days for each currency pair.
% : It is the % movement of the pair on the current day with reference to the Avg. .
Expected target is calculated based on the Avg and currency %.
Switching point is the suggested entry price for optimum coverage
Invalidation point is the suggested S/L