Thread: MMTS system
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Old 03-21-2006, 12:49 AM
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Re: Mmts

Monika is a member and regular contributor to the Peter Bain Forexmentor Members Area. I am a little familiar with one of the versions of this system, its rules have been disclosed and discussed in the PB forum. It is based on trading the news realeases. Rules, I think, are something like this: wait until the US session news blackout is lifted (8:30 EST). Use 15m charts. Define the high and low range using the 15m charts between 8:30 and 9:00. Then take the breakout of the range. Your stop is the opposite side. The profit target is either 20 pp or another target based on technicals. I didn't know she was selling the system... Mr. Bain and a lot of his followers have high praise for the system. I'm not a fan of Peter Bain, but this system is simple and seems intelligent.
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