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Old 14-10-2004, 12:00   #21
4xis2ez
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Regarding no indicator trading.
I have looked at historical data and found on average about 4 to 6 swings per trading week on hourly charts. Obviously there are shorter and longer swings, but I was concentrating on one particular time frame. If you average at 5 swings per week, this means that the swings average out to about 24 hours on average. So basicly, when a swing high or low is made then expect the next swing to last 24 hours on average. Recognise that this is only an average and the actual length of swings can vary considerably. This fact though can be used to your advantage. My thread, The 24 hour cycle

Small account managed forex
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