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Catching the Big Moves.... Print
Written by Site admin   

 A couple of weeks ago I spoke at Round-the-Clock-Trader about “How to catch the BIG moves in just 20 minutes a day...”. You can view the full recording of the webinar here.

The talk was based on the two main techniques I use in my trading - The trend following and reversal finding process from the Twenty Minute Extreme Swing Trader and the Fibonacci based, Harmonic Wave Trader. The chart shows these two methods in action, read on....

The CHFJPY Forex pair frequently bursts into strong momentum runs. Last week it broke down into one of these runs and away from a struggling attempt to get back into its old up trend.

TMEST has a simple trend-following process that showed us a likely trend change at the low of the 14th July. This was aided by the auto Fib Finder picking a potential top (the dotted lines at the high).

The struggling recovery attempt failed at the 61.8% fib, resulting in a multi point reversal that was confirmed with price bars dropping below previously bullish candles. The 2.618 Fib suggests this excellent 265 pip move may be ready to pause.

 

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