Equity:909.12 - 8

Hi there, just now I was browsing through charts, and determining what kind of charts give better results for the Bread N Butter technique. I think I found the answer, after comparing between successful charts and non-successful ones. I will give you 2 examples below.

Success

Failure


Notice the difference. A successful chart looks like a pattern that keeps jumping up and down, even though it is heading in 1 direction. Whereas the unsuccessful chart have little jumps over some time, and suddenly spikes occasionally.

And I realized that for Forex, if I drag the time line longer to 8 hour candlesticks, it will start to form charts that are suitable for trading the Bread N Butter technique. The above 'Success' chart is using 8 hour candlesticks, and the below chart is plotted with 1 hour candlesticks.

I will start using 8 hour candles now on, and hope it produce desirable results.

'8' is also the Chinese favorite number, which is pronounced as 'Prosperity' in one of the dialects.

Huat ar!