We have what we call the Famous Bar Setup. This is a setup that one can find using the very easy to monitor end of day charts. Well, since we trade Forex our charts usually stay on from Sunday night to Friday night . We sit at 10pm uk in the calmness of night when everyone is sort of relaxing, you’d sit down and look for these bars.
Then you have two options, you either trade them there and then, or you trade it using AIMS The Fruit or Classic Breakout method on the H1 chart the following day. If you’re working full time no problems. You can set orders at night and check them when you come back from work. Works like a charm.
I took one such setup today on the Swissy. #USDCHF the US Dollar vs Swiss Currency.
I was busy updating the members of our Skype Live Trading Room through out the day using screenshots and chat etc. I thought I’ll share it here as well.
These are the images I posted periodically through the day as the trade progressed. Similar trade on #gbpusd as well. that one is still running.
AIMS Stress Free Trading – http://www.iTradeAIMS.com