Weekly STOPD Pattern: Forex Bearish Midpoint Cross

By Lawrence

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.

Forex GBPUSD 4H_20130610_205352

 

Performance

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

 

The Setup


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