April 27, 2007 ☼ Blog ☼ Archive
Does anybody remember the Seinfeld episode where George Costanza started doing everything opposite? His life turned around and he women, fame, and fortune. Well I had George Costanza moment yesterday (ed. Repost from Digital Breakfast) . I’m trying a new currency trading strategy that does a few things opposite of what I did before. Here’s the revised and stripped down Forex trading plan.
Concentrate on five major pairs as defined by Oanda.com. They are:
EUR/USD
AUD/USD
EUR/JPY
GBP/USD
GBP/JPY
USD/JPY
Watch the economic calendar for upcoming landmines! Fundamentals drive this market.
Use only 10 DMA Bollinger Bands on the 1 hour charts.
Use my neural net models to confirm trends in the EUR, USD, JPY, and GBP.
Don’t use stop losses. Sounds scary doesn’t it?