日线图系统 (Daily Chart System)

Pairs:

NZDJPY, EURJPY & AUDJPY. May work on other pairs.

Time Frame:

Daily Chart.

Setup

:

1. Today closes a bar with upper wick (at least 15% of bar)
2. Tomorrow spikes higher than yesterday's high but closes below yesterday's high. This bar must have a RED body or be followed by a bar with a red body...EXCEPT in the case of a shooting star.
3. Go short no more than 30 pips from yesterday's high and set a 50 pips stop and 100 pip limit

Long:

1. Today closes a bar with lower wick (at least 15% of bar)
2. Tomorrow dips lower than yesterday's low but closes above yesterday's low. This bar must have a BLUE body or be followed by a bar with a blue body...EXCEPT in the case of a hammer.
3. Go long no more than 30 pips from yesterday's low and set a 50 pips stop and 100 pip limit

Trade Management:

Move stop to entry @ 50pips profit

Considerations:
1. Allow for Day #1's High/Low to be tested for entry.
2. If the distance between Day #1's high/low and Day#2's high/low is more than 50pips enter at the higher resistance or lower support (should meet criteria #1)

EXAMPLES OF LONG TRADES



Snippets to follow:

EUR/JPY




AUD/JPY