I have been using this technique for some time with good results. I match a turning point in one currency to the downside with a turning point of another currency to the upside. I use S/R, fib levels, RSI, pivot points, and trendlines in the currency bins to locate turning points. Currency bins are calculated as you would add fractions, for example:
USD bin = 1/ (EURUSD+GBPUSD+CHFUSD+CADUSD+AUDUSD+NZDUSD+JPYUSD)
I am posting this for two reasons: somebody may find this useful -or- somebody may have some feedback.
Thanks for reading.
Comments
TRADE2020
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looks interesting, can you post an example , showing how you take trades using this strategy