This is one of the simple way to earn profit in forex market. No need to see fibo levels, fundamental news like unemployment data, confusing yourself in tons of lines on chart. Just one single line with one indicator – Doda-Donchian indicator.
One example is latest EURUSD currency pair H4 chart.
The indicator gave sell signal on 23-Nov-2010 @1.35853. Without any major upside, it moves downwards, thanks to Ireland problem, it's currently trading @ giving a profit of 600 pips in just 5 trading sessions.
It's moving now to get support @1.29249
Can you get any other simple successful Forex trading strategies?