Hello Guys,
I have been an enthusiastic reader ofnigeriaforextradingfor quite some time and have got a lot of benefit from the numerous very good traders that find the time to post . Thanks particularly to NowandLater and for the Peter Crowns threads.
So I thought I would attempt to post a trading system I have been using successfully for approximately 18 months.
I'll start off by explaining my filter for direction that I use when setting up to the next days session (I trade the UK/EURO session mainly ).
The first thing I do is assess market flow using the 4h chart. I'll use charts in the EUR/USD commerce I took yesterday first.
Have a peek at the chart and you'll see the final high fractal (marked by an A) was broken higher on Mondays session.