Forex Video of One weeks Double in a Day trading
Sometime it really feels like you
have found the Forex Pot of Gold. Doesn’t it?
Great Double in a Day technique ?
Earlier this week we produced a Double in a Day Forex video showing the use of an RSI system combined with the Envelope indicator to produce really good Double in a Day trades.
The video below shows the use of a variation of this technique over a period of a week’s live trading – never shown in this format. Here you can see the negative, breakeven and successful Double in a Day trades when the Double in a Day EA is used in conjunction with a really good Forex entry technique and traded over time. It also shows the amount of patience you need with this technique.
Besides using the envelope technique for Double in a Day trades it is also a great stand-alone simple dynamic channel trading technique.
The rules are very simple –
- when the price touches the envelope lines and
- the RSI is overbought or oversold
- trade the other way
- taking the current trend into account.
The EURJPY 1 Hour chart used in the video