Reply to a question via email: Will Trend Shadow work on other currencies or timeframes?
Hey guys… I thought I’d stop to do some FAQ with you. One of the many folks on my list asked me a question that I thought was really good.
Charles asked:
“Hi
Can you advise please whether the Trend Shadow program will work on other
currencies or other time frames. Seems to work well.
Pls adv.
Charles”
So here’s my reply that I thought I ought to share:
Thanks for your enquiry! I notice that you’ve followed me even on my old site.
You asked me if Trend Shadow will work on other currencies or timeframes,
If what you really meant to as is, will Trend Shadow work on any other money
market, i.e. Stocks and Commodity Futures, the answer is no. However,
if you’re talking about currencies.. Yes, it works on all currencies except
USD/ZAR because ZAR is not a 24 hour currency and thus you will be exposed
to daily gapping. I don’t really recommend you trade that currency either,
too little volume.
In fact, I highly recommend you enter at least 4 currency pairs at one time.
Throw in a Bollinger Band indicator also. Use the Bollinger as a filter, i.e.
for a short trade, enter the trade if the Trend Shadow signal coincides with a
movement AWAY from the upper band, or middle band. The reverse is true
for long trades. I personally enter up to 9 currencies at a time.
Works best on main currency pairs. Reason why enter several is that,
the signal isn’t always 100%. But, I’m looking for NET PROFIT every time
I enter the market. Typically, out of 9 trades, I’d profit on 7, and lose on 2.
If I’m in 6 trades, I might profit on 5 and lose on 1.
The currency pairs that have made me the most money are:
GBP/USD, USD/CHF, USD/CAD, NZD/USD, AUD/USD, EUR/JPY,
USD/JPY, EUR/USD, EUR/GBP.
Hope this helps! It’s a very good question. Hope you don’t mind if I
repost this in my mailing list. I think others may have the same concern.
Meanwhile, have an inside look on the Trend Forex 2.0 here:
http://www.youtube.com/watch?v=OI3DGWh5Qro
It’s got many good indicators to have an even higher % success
on trades than the Trend Shadow.
More info on it HERE
Good trading,
Julian Wong
www.AsianWealth.com
