Forex trading strategy #17 (The simplest Forex strategy)

Submitted by Trader

OK This is a strategy that is as basic as I think is possible. It simply uses the mark 1 eyeball!!!

All you do is open up and currency pair on any timeframe (I suggest Eur/JPY as currently it has a good spread / volatility ratio) and simply look for OBVIOUS changes in the direction of the price!!!

As an additional guide, I include default Bollinger Bands, and it helps if you realise the big actions will generally occur around round levels (.00 and .50). But that is it!!