Minneapolis Market Research Institute presents a uniquely useful form of research that we call Preference Counts. This research is suitable for use as a method of scanning for opportunities in the 28 major pairs, or, as a confirmation filter for independently obtained trade setups.
Traders should use this research by identifying a resolution appropriate to their trading style and looking for trade setups in which a currency with a nicely positive count (counts of 3 or higher should be sufficient) is bought against a currency with a correspondingly negative count (counts of -3 or lower should be sufficient).
In general the H1 resolution is appropriate for traders looking to setup a trade with a risk in the range of 25-50 pips and first target ranges between 50-125 pips.
The H4 resolution is appropriate for traders looking to setup a trade with a risk in the range of 25-100 pips and first target ranges between 75-250 pips.
The D1 resolution is appropriate for traders looking to setup a trade with a risk in the 75-150 pip range and first targets sitting around 125-425 pips from entry.
The W1 resolution is provided for the sake of development of future resources and so that inquisitive traders have more material to get creative with.
Preference Counts are generated using MMRI’s Proprietary Algorithms. The Development Team appreciates Feedback and hopes that you will share your use of, strategies surrounding and opinions regarding Preference Counts in the Feedback Forum. Like all of MMRI’s Proprietary Research and Resources, Preference Counts and associated usage is regulated by the appropriate Terms and Conditions.