Dollar Rises to Five-Week High on Bets Fed May Stop Rate Cuts
Not bad, but that tremor when they actually did the rate cut knocked out my initial Euro and Yen trade. Luckily, I was able to adjust my stop loss so didn’t lose too much- but I have four more in the hopper now. The Aussie isn’t looking to good, but the other three are in positive territory.
The trading system is called Triple Screen, developed by Alexander Elder in the early 90s. It’s originally a stock analysis system, but we use a modded version for Forex.