600 Pips in 5 Trading Sessions in EURUSD Pair

Forex strategiesThis is one of the simple way to earn profit in forex market. No need to see fibo levels, fundamental news like unemployment data, confusing yourself in tons of lines on chart. Just one single line with one indicator – Doda-Donchian indicator.

One example is latest EURUSD currency pair H4 chart.

 

EURUSD technical chart on Doda-Donchian indicator

The indicator gave sell signal on 23-Nov-2010 @1.35853. Without any major upside, it moves downwards, thanks to Ireland problem, it's currently trading @ giving a profit of 600 pips in just 5 trading sessions.



It's moving now to get support @1.29249

Can you get any other simple successful Forex trading strategies?






+Admin

2 thoughts on “600 Pips in 5 Trading Sessions in EURUSD Pair”

  1. Hi does this indicator auto reset when s buy signal is finished and a sell signal is given? Or do i need to manually reset some how?

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