Jimmy Young’s Forex Day Trading System
I have been day trading the Forex market for 37 years, including 20 years as an Institutional GBPUSD trader.
WHAT IT WAS When I started day trading in 1982 there were no computers, no quants, and no trading algorithms. The price action was “pure”; straightforward and unencumbered.
WHAT IT’S BECOME Today’s price action is convoluted and difficult to “trade” because of sophisticated trading algorithms with hidden agendas.
SOLUTION Niche trade a short list of quality setups and ignore everything else.
TRADING SYSTEM SUMMARY
- Currency pairs – GBPUSD 90%, EURUSD 10%
- Stop loss – 15 pips preferred; 25 pips max
- Trade time – European and US morning
- Strategy – Niche technical
- Trades closed for news
PREREQUISITES Basic technical analysis
TRAINING 1 hour. One-on-one
SUPPORT Daily podcast. Chat room. Email
COST Upon request