This isn’t a complicated system at all. It uses only highs and lows, and the closing of range bars. I come up with this system because I needed a very basic system to scalp with extremely easy to follow rules. When your scalping the forex market you don’t have time to check 10 different signals to see if they all line up. The market moves way to fast to think about things for a couple minutes.
Here is a simple forex trading system that is easy to understand and apply and has influenced some of the top traders of all time. Don’t be fooled by its simplicity it works. Let’s look at it.
The 4 week rule is one of the simplest technical analysis systems of all time and it may not be trendy or flavor of the month, with a lot of forex traders who think complicated is better – but don’t think that because its simple it doesn’t work – it does.