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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.
I just purchased this ebook. There are a number of well researched short bar pattern and trendline setups that are used at specific times times of the day. The trendline setups are unique, I have never seen this concept before. There are also simple setups that can be used any time of the day. These setups are designed with specific targets and stops. Rules are pretty clear. There are also other setups based upon Fib retracements, oscillators, trendlines, etc. that may also be valuable, but the rules around these setups are more ambiguous. I am not a Fibo / price projection fan so they don't appeal to me, but they may to others. I am a born sceptic, but the price pattern setups have track records included which are pretty impressive. Worth $95? If it works, sure, we'll see.
I just purchased this ebook. There are a number of well researched short bar pattern and trendline setups that are used at specific times times of the day. The trendline setups are unique, I have never seen this concept before. There are also simple setups that can be used any time of the day. These setups are designed with specific targets and stops. Rules are pretty clear. There are also other setups based upon Fib retracements, oscillators, trendlines, etc. that may also be valuable, but the rules around these setups are more ambiguous. I am not a Fibo / price projection fan so they don't appeal to me, but they may to others. I am a born sceptic, but the price pattern setups have track records included which are pretty impressive. Worth $95? If it works, sure, we'll see.
wanna share the book?
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