Richard Donchian's four week rule outlined below may seem simple, but it is highly effective in catching big moves in futures trading.
We all know that most of the big moves each year in futures markets take place from market highs.
Most traders however want to buy dips to support and fail to get in on the big moves. This simple tool however will make sure you never miss a big move.
Here's how it works.
Let's assume you are looking at crude oil and spot a buying opportunity. Rather than buying a dip, wait for a new 4 week high and then take a long position.
You should only use this rule only in strong bull or bear markets, not ranging markets.
If you have a strong bull market, buy new four week highs and conversely, if you have a strong bear market sell new four week lows.
Its simple and a very effective tool – try it out for yourself and see.
[ForexGen Services]
Client Services
[Customer Support]
[Trading Support]
[ForexGen Partnership]
ForexGen offers three types of business partnerships.
* [Introducing Broker]
* [White Label]
* [Money Manager]
ForexGen Introducing Brokers ,White Label and Money Manager holders are recognized as a strategic business partners. The main focus of our service is to satisfy our partner's needs in order to deal with a qualified service and gain a large income sharing plan.
[ForexGen] provides appropriate services satisfying the needs of all business partner's specified situation and requirements.
ForexGen offers 1 pip spread on 10 pairs with high trading techniques that make ForexGen
incomparable to any other riva
Subscribe to:
Post Comments (Atom)
1 comment:
Hello Everybody,
Below is a list of the highest ranking forex brokers:
1. Best Forex Broker
2. eToro - $50 min. deposit.
Here is a list of the best forex instruments:
1. ForexTrendy - Recommended Odds Software.
2. EA Builder - Custom Strategies Autotrading.
3. Fast FX Profit - Secret Forex Strategy.
I hope you find these lists beneficial.
Post a Comment