Hello and welcome to our blog.
This used to be an Alert Service which has since been discontinued, and we used to provide daily breakout alert numbers for "experienced"
Forex Traders who already had their own system(s) and method(s)/style(s), and only
needed breakout points to enhance their trades.
919 Gilead Trading Journal is a partial documentation of results of our research and development of tools that can give Currency Traders slight edge in the market and improve the amount of pips generated on daily basis.
We are presently focusing attention on the Currency
Strength Meter, from which we have improvised a new version we call the
Relative Currency Strength. The signals generated from the Spreadsheet are good
confirmation for "experienced" traders before entering any trade(s).
It gives a bird's eye view of the overall strength of each currency group,
and are color coded in a way to intimate traders with currency pairs they
should focus on. This way traders don't need to be married to any particular
currency pair(s) and as soon as a particular color is noticed a trader can
check the pair whether it is trending, retracing or consolidating, and be ready by the time
the "go ahead" color shows up. The RCS Spreadsheet Signals are
generated both when a potential trade is setting up and when a trade has
actually been triggered, and are differentiated by the color code. The BR
column will hint traders when a currency pair has moved deeply into
extreme level and may be due for correction. It will then be the trader's
choice to take a second look at the chart and decide whether to tighten stop or
exit the trade.
The RCS Spreadsheet will seldom
generate signal(s) when currency pairs are trading sideways, and the patience and discipline of a trader will determine their reaction during such
period(s). The RCS Spreadsheet is an entry confirmation tool for "experienced"
traders who already have their own trading system(s) or style(s). It puts the odds in a trader's favour as one should be able to find at least 3 or more pairs that will move
in the direction of the intra day trend, so one can trade with confidence, and
without the usual stress associated with currency trading.
Cheers, and God bless
George
919gilead@gmail.com
