A (sort of) New Chart to Trade

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Subject: A (sort of) New Chart to Trade

Hi Folks.

Most of you already know that my trading has shifted almost entirely over to the Index charts offered by most of the better offshore brokers who also accept US based traders.

Most of my trading takes place from 9:30 to 10:30 a.m. eastern time, when the Dow Jones market opens for business. It’s a nice change of pace to know that for a specific time period price action will in all likelihood be active enough I can get a few tradable signals in a short period of time.

So I have not spent too much time looking at any non-US based index charts (although I know the DAX is also a great chart to trade, particularly with the PV2 setup I’m using these days).

But there has been a change in my trading life, courtesy for the JPN225, which is the CFD shorthand for the Japanese Nikkei Index chart.

Based in Japan (obviously), the 225 opens for business at 8:00 p.m. eastern time (but will start opening at 7 p.m. after we go back on Standard Time next weekend) and when combined with the PV2 charts, makes multiple predictable moves during the first 1-2 hours of trading.

On the advice of my friend Bob, I started looking at these charts using a 1500 box size (those are the charts you see above) and find I can still get 2 or 3 signals during the hour or so I spend trading, and the moves are frankly more profitable than when using the 500 box setting.

Additionally, I tried trading with the Renko-Stoch2 isolated in one window while using the 1500 boxes and found when the RS2 hits the very top or very bottom of the indicator window, the next price reversal tends to be extremely profitable.

Remember, a 1500 box translates into a 15 point price move, so a 3 box move is worth 45 points and a 4 box move is worth 60 points. You can see from the charts there are multiple 3-4 box moves and a few that moved much more, all within the first two hours of trading.

So if you are looking for something new to trade, or if you are limited by job or circumstance to just trading the late afternoon or early evening, take a look at the JPN225, and pay real close attention to the Renko-Stoch2.

And if you are one of the few who has been putting off picking up the PV2 package, you can get still get everything (PV2, Renko-Stoch2, Renko-SignalAM, MACDots, Renko Signal Bands V2, Renko Trade Zone, plus hours of video training and PDF support) for just $197 at http://fxgoldminer.com

Putting off buying PV2 isn’t saving you money, it’s costing you money with every trade you miss taking.

So head over to http://fxgoldminer.com and grab your copy of PV2 and get ready for market open Monday morning.

Jeff

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Subject: A (sort of) New Chart to Trade