Forex Trading Open Secrets: Euro Dollar Apex (Type 2) Trading ModelBy
No market moves in a straight line. Most of the time strong directional moves will result in pullbacks. Euro Dollar Apex (Type 2) Trading Model is a counter-trend strategy taking advantage of that fact with very good consistent results. With about two third winners and low drawdown, it is a very reliable trading setup to lean on.
Following is the 24 hour chart of euro dollar with bottom panel showing the net dollar gain based on a small lot ($10000) since early 2003. 2 pips spread discount is taken into account for all trades.