Tuesday, February 9, 2010

Forex Trading Signal - A Free Simple to Understand Equation Which Makes Big Profits

and has done for over 25 years and is used by some of the world's top traders in their Forex trading strategies. Let's take a look at it. The signal doesn't even need trading software to generate it, you can actually do it in your head. The signal is credited to famous trader Richard Donchain who is considered the grandfather of modern trend following and he called it the four week Rule and this is the rule 1. When prices move to a new 4 month high buy a currency and hold it. 2. Wait for a new 4 week low to occur, liquidate the long and take a short position. 3. Always maintain a position long or short in the market and simply reverse on each new 4 week high or low.

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