Forex: Holy Grail Found!

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We study the characteristics of trading according to the popular pattern After learning about the Forex market and the possibilities it offers, the beginner trader sets out on the path of searching for the Holy Grail, a strategy that will allow him to earn money in a stable way. Someone re-reads a lot of books, someone becomes addicted to online educational resources and forums, someone pays money and undergoes individual training with an expert, someone buys a trading robot. Everyone has their own path, but the longer you search, the more often you come across the idea that the one you have already found will not share the secret. Linda Raschke, author of the best-selling book "Street Smarts," has refuted this idea. Not only has she found an effective strategy that she has called "Holy Grail", but she has also made it available to the public.

In fact, trading is not as complicated as it seems Mexico Mobile Number List at first glance. From all the variety of Forex tools it is necessary to choose one that is characterized by a constant trend and detects pullbacks, using the principle of "the trend is your friend, trade with the trend." The direction of price movement should be stable and the correction short-term. To choose an appropriate currency pair and form an efficient strategy, moving average and ADX Average Direction Index are applied. The former will indicate the depth of the pullbacks, while the latter is a suitable financial instrument. In modern technical analysis theory, ADX value exceeding 25 points is believed to show a strong trend. According to Linda Raschke, this is a 30-level, 14-period indicator.



A precondition for the "Holy Grail" strategy is that ADX continues to grow at the level of 30 or more. An important nuance: the ADX value should not be too high. In such an arrangement there will be an association with a trader who tries to reverse his way to the initial positions, which, as a rule, ends deplorably. Let's assume we have found a suitable tool. Next, we need to make sure the correction is not too deep. For this purpose, a quick retracement of the 20-period moving average. If this is the case, Linda Raschke suggests placing a pending order at the high level of the previous bar, if it is a long position, or at the low level, if the "bears" predominate in the market.