Here's another example of trading the ROI X's with the day as long as the market is on the correct side of the day red river. Seeing any patterns yet? :) This first picture is of the day chart. You can see the market was on the top side of the red river, we have X up on the ROI and the projection is also growing.
So now that the direction is determined, it's time to look for the 4hr, 2hr and 1hr ROI X's in the same direction and trade them. The next picture is on the 30 minute compression but I've marked when the X's occurred.
The 1Hr x up was at 122.64 and the 4Hr x up was at 122.97. The high point for the day was 123.99 so you can see, the trades definitely paid 20 pips each! Targets to trade to for more than the 20 pips have now changed as the bank lines have shifted to account for the new trading session. Hope you all caught this! The next plan of action is to trade the 1Hr x up again which should occur this evening/early morning. Be sure to check the new day projection ROI before doing so.
Patrick Williams
