ERUSUD: BookMost of us read books on FX trading, hopefully, we can pick up something new, something useful. All the books I had read to date are not useful. I think common sense tells me to forget about them.
But lucky me, I think one book stands out. Written by a nobody. But the method is quite original. His name is Gabriele Fabris. I bet none of you have heard of him or his method.
If I had applied his method to trading EURUSD, the win rate would not be favourable, but his core argument is to make use of time when it matters the most. This provides the basis to understand price movement better. With a bit of research and refinement, it is indeed very useful. Much better than the usual ABCD.
ABCD tells us WHERE and WHEN. It does not tell us the WHY. Which is why when the price reaches the 'D', we can only hope it bounces instead of pushing through.
WHY is the key - I think knowing the intention of the MARKET is crucial - better to let the market reveal itself, then trade along with it. I think the back testing looks good.
Let's see if this method can correctly 'predict' the WHEN, WHERE, and WHY price will pivot this time. It is a long way down.
Good luck.
