Weekly STOPD Pattern: Forex Bearish Midpoint Cross
I often mention that when a major pair crosses its previous week midpoint, certain bias is triggered. Somehow many readers find it difficult to follow the concept. This is a simple example model showing how it works.
Following is a 4 hour chart of British Pound / US Dollar (Cable) with the example model net pip gains handicapped 3 pips per trade.
1. 58% winners
2. Consistent performance all these years until Europe started to mess with QE by 2010
3. Doing better already since the beginning of 2013
4. In the market only 3% of the time, or, about 20 trades a year