Forex Trading Method

(1) What's the Blog's Trading Method?
A trend following approach on the Daily-Chart.

(2) How are Stops calculated?
By the Average True range Indicator (ATR 14).
Example
For USD/JPY the ATR (14) value on the Daily-Chart is 1,55. This corresponds to 155 Pips. An approximation of the ATR-value is deducted from the price in an Uptrend or added in a Downtrend.

The approximation is between a full ATR (=155 PIPs) and a half ATR (= 78 PIPs) depending on technical supports and resistances as well as round numbers (USD/JPY 101,00, 101,50, 102,00 etc.).

(3) How is the target calculated?
The Stop-Loss distance in Pips is at the same time the distance to the Target. The Risk-Reward ratio is always 1:1. Target prices can vary a couple of pips due to support and resistances.

(4) How many signals per week are generated?
There is a maximum of 5 signals per week (Monday-Friday).

(5) Why get signals published at 18:00 GMT?
Because the trading method is based almost exclusively on technical analysis and usually after 18.00 GMT there are no more important fundamental announcements.

(6) What happens when neither Stop-Loss nor Target is met?
When neither is met until the subsequent day at 18:00 GMT , the trade will stay open for another 24 hours or closed at the opening price at 18:00 GMT.

(7) How many currency pairs are available?
There are 20 currency pairs available: EUR/USD USD/JPY GBP/USD, USD/CHF, EUR/JPY, GBP/JPY, CHF JPY, AUD JPY, NZD JPY, CAD/JPY, EUR/CHF, EUR/GBP, EUR/CAD, EUR/AUD, GBP CHF, AUD/USD, NZD/USD, USD/CAD, AUD CAD, AUD NZD.