The market structure really has been beautiful on most pairs this week. After major bullish move on most pairs (this one included) we are finally seeing some market structures to play with. So many good opportunities.
The SiFi Zones as I call them or SET IT and FORGET IT are simply zones created off psychological levels. All you need to trade are some horizontal lines and solid money management. I enhance the buy/sell signals using the Daily EMA 5 and you get great entries with high RRR. Not 100% but a great edge overall in my experience.
This week was a step foward in my set it and forget it strategy. Buy and Sell stops placed at the top and bottom of each zone after price dwells for a while (white bars)...and the custom EA I wrote for MT4 now manages the movement of my stops to break even and various profit locking levels.
Truly Set it and Forget it now...Happy trading!!!
The SiFi Zones as I call them or SET IT and FORGET IT are simply zones created off psychological levels. All you need to trade are some horizontal lines and solid money management. I enhance the buy/sell signals using the Daily EMA 5 and you get great entries with high RRR. Not 100% but a great edge overall in my experience.
This week was a step foward in my set it and forget it strategy. Buy and Sell stops placed at the top and bottom of each zone after price dwells for a while (white bars)...and the custom EA I wrote for MT4 now manages the movement of my stops to break even and various profit locking levels.
Truly Set it and Forget it now...Happy trading!!!