The 60:30:10 Principle for Forex Trading
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| Contact Seller: | nimbrung, Member since 01/19/2009 |
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Heres an important secret about the Forex (or any other financial market for that matter) that I bet will surprise you
On average, the markets are in a trending mode only about 30 of the time, breakout mode only about 10 of the time and in a counter-trend, or ranging mode about 60 of the time.
This 60: 30: 10 Rule exists across all markets and all time-frames!
So in other words, it doesnt matter if youre trading the Forex on the 15 minute chart or stocks on a one day chart, the results will be the same:
Trend: 30
Breakout: 10
Counter-Trend: 60
And whether you realize it or not, its that 60 column (the counter-trend mode) that is the reason youre not as profitable as you should be.
But Ill get to counter-trend trading very soon. First, I want to show you that the 60:30:10 Rule does, indeed, exist.
Putting the 60:30:10 Rule To the Test
If you want to test the 60:30:10 ratio for yourself, simply place a Bollinger Band (or any other trend indicator) on any chart for any time-frame.
Then, add up the candlesticks where the market was in a trending mode (i.e. the bar breaks above or below the band) and divide it by the total number of bars in the trading period and youll have your trending average.
Tags: trade, forex trade
On average, the markets are in a trending mode only about 30 of the time, breakout mode only about 10 of the time and in a counter-trend, or ranging mode about 60 of the time.
This 60: 30: 10 Rule exists across all markets and all time-frames!
So in other words, it doesnt matter if youre trading the Forex on the 15 minute chart or stocks on a one day chart, the results will be the same:
Trend: 30
Breakout: 10
Counter-Trend: 60
And whether you realize it or not, its that 60 column (the counter-trend mode) that is the reason youre not as profitable as you should be.
But Ill get to counter-trend trading very soon. First, I want to show you that the 60:30:10 Rule does, indeed, exist.
Putting the 60:30:10 Rule To the Test
If you want to test the 60:30:10 ratio for yourself, simply place a Bollinger Band (or any other trend indicator) on any chart for any time-frame.
Then, add up the candlesticks where the market was in a trending mode (i.e. the bar breaks above or below the band) and divide it by the total number of bars in the trading period and youll have your trending average.
Tags: trade, forex trade
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