Daily20pip Forex Trading System July 27th, 2010
The Daily20p (D20p) forex trading system is a once a day system trading the GBP a bit before the opening of the London market. It is a breakout system based on the daily pivot point. There are some days that are “No Trade” days, as the Entry Levels do not get hit. The TradeTimes for the D20p system are from 0600 to 1700 London time. And how about method? There are two methods of entering a trade by the D20p system. 1. “Follow-the-Price” (FTP) method. This is what is considered the basic, and safest, method.Mod uses this method in determining his posted signals on the website. 2. “GBP Filter” (GBPF) method. This one is a little more aggressive, and utilizes a separate “GBP Filter” indicator. FTP determines the trade type at the beginning of a new day. The Entry Level will always be at BuyA or SellA. GBPF determines the trade type at the beginning of the new TradeTime. The Entry Level may be at either the LevelA points, or the LevelB points, depending on the market price at TradeTime.
Source: daily20pip.com
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