In this system, I trade the EUR/USD, the GBP/USD and the CHF/USD currency pairs. I make use of my trane journey to work in the morning and again on the way home in the evening to catch times of the day when these currency pairs trade more like momentum driven markets rather than the wild and outlandish markets that occur during the UK financial trading office hours of the banks and major financial institutions between 8am GMT and 5pm GMT. The results have been good. I can't say that I have a particular set of rules or method for getting in and out of the market. It is more based on instinct and gut feel which after 10 years watching and trading financial markets you start to get a feel for. You can sense when there is support for a trend by the way the price moves on the chart. When the trend is up and the price ticks more quickly upwards then when it is retracing, the volume is still driving price up. If you are looking at an uptrend and the price is not moving upwards very quickly but as soon as it moves down the price is quick and fluctuating irratically with surges then it would appear that the bulls are starting to lose power on the uptrend to the bears.
Once you have a method, the best thing is practice practice practice. If you have never traded, or if like me you have and had your confidence knocked, I can't recomend the use of Forex Tester software, which you can get here.... IT IS BRILLIANT and relative inexpensive for the benefit it gives you to be able to test methods and systems before you put them into action in the real markets.
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