Currently best 2 indicators for EURJPY have signal SELL

Shorted EURJPY at 130.36
Stop level at 131.90
Target level at 129.10

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Currently best 2 indicators for EURGBP have signal BUY

Bought EURGBP at 0.8823
Stop level at 0.8750
Target level at 0.8899

I am always skeptical whenever people tells me that using fixed indicators in their forex trading strategy will turn out to be profitable. I can simply perform a quantitative test to prove that using fixed indicators on currency pairs will not work over a period of time. This is because different currencies have different behaviour and this behaviour changes over time as market condition changes. So we cannot use the same indicators for a specific currency pairs for all seasons.

In my view trading strategy can be narrow down into 2 broad categories:
1) Trending following and 2) Reverting to the mean.

1) Trend following strategy means if the trend is up, you follow the direction and buy. If the trend is down, you follow the direction and sell. This is why most people say the trend is your friend. In this case, indicators used for this strategy will be MACD, Parabolic, Bollingerband etc.

Currency pairs that currently belong to this group are EURJPY, EURUSD, USDJPY, GBPUSD.

2) Reverting to the mean strategy means if the price goes up too high, it may be time to sell. Vice versa if the price goes down to much, it is time to buy. In this case indicators used will be Williams, Stochastic, Commodity Channel, RSI etc. If you have been trading long enough, you will know that the trend is NOT always your friend. The trend can be a trap many a times.

Currencies that used to belong to this group are AUDUSD, NZDUSD, USDCAD. But behaviour of these currencies have changed lately due to market’s wild move.

So those traders who had previously been successful in trading AUDUSD using stochastic will face serious damage in his trading lately.

To solve this problem I have developed a system that is flexible and adjust itself to market conditions. Quantitative tests are performed on a weekly rolling basis so as to capture up-to-date behaviours and patterns of the various currency pairs. Then using the information from the quantitative test to generate buy and sell signals.

I think this is a more realistic and practical way of trading. Most importantly, it works. If you would to view samples of past trades generated from this system, send an email to me at metal.commodity@tradingeducationprogram.org or metal.commodity@gmail.com.

To learn forex in our Trading Education Program, see here. Our course fee is a small fraction compared to those available in the market.

But have you been making money using those indicators? Sometimes I guess. Have you wondered why sometimes it works and why sometimes it does not work?

I had heard of extreme comments from other traders, ie “indicators do not work”, “don’t waste your time using indicators”, etc. Possibly those traders have been losing a lot of money using indicators in their trading and possibly they have learned to trade forex the wrong way.

In the past 1-2 years I have heard of trading courses started to teach trading without using any indicators. So this means even the trading educators who have been trading for years do not believe in indicators.

Since indicators have been an important tool in trading, in Tactical Trading Academy, we have done extensive research into this area. Our conclusion is that different products (currency pairs) have different behaviours. So you must use specific indicators for specific products. From this research we have discovered BL TS System. All of our student learn to trade forex using BL TS System.

In our website under “Our Trading Secret“, we mentioned that we have evidences to show that using fixed indicator will not be profitable strategy in the medium term. You have to choose the correct indicator for the correct currency pair.

Let us use USDJPY as an example. The graph below will show you what is your equity value if you have been using those indicators to trade USDJPY for the past 6 months.

The graphs show that if you have been using MACD and Parabolic to trade, you will do well. We perform our quantitative test and send out the results to our subscribers on a weekly basis. So our subscribers will know specifically which indicators to use for which currency pairs.

We believe this research discovery is a breakthrough in the trading industry and few traders are aware of this.

If you are interested to Learn Forex from us, send an email to us at metal.commodity@tradingeducationprogram.org.

Upon subscription, you will receive the followings:
1. Weekly updates on the proven indicators
2. One-to-one coaching on trading
3. Live emails reminders when trading opportunities occur
4. Ebook on our trading strategy

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