No, it´s not a misspelling: the indicator we show on the left is called Roc & Roll. When applied to the EURUSD chart, it is shown how profitable it is. The rectangulars are profit (except a really small one in the middle). How does it work? Green, long; blue, out; red, short. That simple. We could add a stop far away from the price to our positions, just to protect ourselves in case something really strange happens.Besides, in this particular case, we observe the EURUSD is losing strength, however it´s above the last Fibonacci retracement, so we are not sure if it´s going to go to maximum or it has been just an expansion. In any case, the R&R is still long.
06/12/2009
