FOREX STRATEGY: ST PATTERNS TRADING MANUAL
The ST Patterns Trading Manual provides a detailed hourly technical analysis using EUR/USD pair for May 2017. Calculations of the returns are performed based on the actual results without rounding or approximation. The ST Patterns Forex Strategy shows a good technical result for the EUR/USD pair in May—equal to about 300% of the initial deposit, with a risk of 10%. In addition, the study of the GBP/USD pair will help readers understand the importance of determining periods of market uncertainty in a timely fashion.
To demonstrate the flexibility of the strategy settings and the formation of short-term uncertainty periods, the EUR/USD pair is shown on five-minute charts over one working day on May 31. As a result, for nine hours of work, the profit was approximately + 82% of the initial deposit.
The month following the first book’s publication perfectly demonstrated the possibilities of using the trading system and showed how almost half of the ST Patterns published in this book operate in practice. Thus, a daily, step-by-step description of the trader's actions should fully clarify the ST Patterns trading method.
EUR/USD, H1
Fig. 21: EUR/USD for the period from April 26 to May 4, 2017
Fig. 30: EUR/USD for the period from May 11-16, 2017
Fig. 32: EUR/USD for the period from May 16-19, 2017
Fig. 35: EUR/USD for the period from May 30-31, 2017
Profitable Forex Strategy
Over the 18 years I have spent researching dozens of well-known, as well as not so famous, trading systems. I have not found any that could demonstrate anything near the results obtained by the ST patterns method during this arbitrarily chosen time interval.
The month of May perfectly demonstrated the possibilities of using the trading system, published in my first book Trading Code is Open in late April. It showed almost half of the known ST Patterns. Considering the results, traders can change the beginning of the famous saying «Sell in May and go away» to «Play in May...».
The ST Trading Strategy is also profitable in the Futures, CFD and other liquid markets!
Analysis of the GBP/USD Currency Pair
The manual also reveals variations in ST Patterns that were not previously described in detail, as well as several new graphical combinations. Also, the study of the GBP/USD pair will help readers understand the importance of determining the periods of market uncertainty in a timely fashion.
Understanding the importance of stopping trade during unfavorable periods has a great impact on the results of trading. So, the trader should closely monitor economic and political events. Therefore, the dispute between technical and fundamental analysts for day trading is decided in favor of the former. When there is a significant fundamental event, it is better to wait outside the market.
Millions of traders are trying to find an effective technical method for analyzing the movement of exchange charts. Now it has arrived!