dear friends
i have purchased many electonic books but they all are scrap methods desnot work
monika trading system is usless unless you figured out how was the report in
the claender you can use this like to know if the report is effective or not
www.forexfactory.com/index.php?page=calendar
the red icon on the report indicates big move
the orange indicates intermidiate move
the yellow indicates slow one
but it is figures is so delayed so go to this link which gives the figures on the time
http://www.easy-forex.com/en/Forex.F...lCalendar.aspx
open the 1 or 5 min chart on the time of releasing the figure of the report and watch for the brake out wait 2 or 3 minute untill every thing is seteled
look to the figure if it is good for the usd expect to sell gbp/usd or eur/usd
if the trend was down(gbp/usd) before the release of the report expect very
big move down
however if the trend was up for the gbp/usd and the calender report was good and works for the favor of the usd expect one candle of 15 min for the gbp/usd to go down and then the trend will continue up
i am trading this way 9 years ago and i have learned by try and error and it is making huge profits
monika system is a blind system just takes the brake out
most of the times doesnot work why cause
it will only work if the trend for the gbp/usd was down and the reports came good for the favor of the usd or bad for the gbp so the rend will continue down and you will see the brake out and that is it
some time the brake happen by 1 candle and then the prices brakes to the other direction
any way if u can send the file of the mmts so we can see it and disscuess it
regards