The NZD/CAD is trending higher on all of the major time frames. This pair is nearing a resistance breakout point at 0.9270, see the yellow line below. Beyond there this pair would be in record prices with no resistance. This analysis was performed with exponential moving averages applies across multiple time frames and individual currencies. The D1 time frame for the NZD/CAD is shown below.
NZD/CAD Analysis 2-26-2014
Today in currency trading the USD strength was evident in the market. The AUD, EUR and CHF were slightly weak and this drove short term movement on several pairs. The EUR/USD and AUD/USD dropped and the USD/CHF rose. These were short term movements. Due to some market choppiness we would scale out lots or exit all trades. We will look to prepare a written forex trading plan for these three pairs since the D1 trends could be forming in the direction of continuing US Dollar (USD) strength. The trading signals you see below are for The Forex Heatmap®, which give live trading signals across 28 currency pairs.
Currency Trading Signals USD Strength 2-26-2014
Today in currency trading the AUD was strong on all pairs. This drove good price movement on all of the Australian Dollar (AUD) pairs. Pairs like the AUD/JPY and AUD/CHF moved higher. All of the AUD pairs are ranging on the smaller time frames, so we consider these to be short term intra-day trades. The currency strength indicator you see below is The Forex Heatmap®, which gives live trading signals for 28 pairs.
AUD Currency Strength 2-24-2014
A forex trading system that works and is effective at making pips on a consistent basis is actually quite elusive. Forex traders struggle, sometime for years, and never see or come into contact with a complete trading system. These traders don’t know what a complete trading system even looks like. We only know of one complete trading system. In this article we will explain what the components are of a complete forex trading system. Plus, we will show you one trading system that is complete and ready to use.
A complete forex trading system should have all of these components: The system should work on any pair. If you trade only one pair like the EUR/USD it should work the same way for this pair, or any other pair. The system should be able to accurately analyze any pair, any individual currency or the whole forex market. The system should be effective in trending or ranging markets. Specific and accurate entry point criteria and written rules for trade entries should be provided. Options for managing live trades, money management, and stops should be provided for the life cycle of any trade.
How many trading systems have you seen that have all of this included ? We only know of one. Many forex traders have a few standard technical indicators on their screen and the call it a trading system. These are not trading systems at all.
If you are searching the web for a good forex trading system, you will be very disappointed. If you do find a system that you like, make sure it has all of the components listed above, otherwise the system is incomplete. One possibility is to design your own trading system. With the proper knowledge you can do this, it will be a lengthy process but it can work. Another option is to take an existing system and use it right off of the shelf.
If a trader does find a forex trading system they like, they should make sure that all of the details and documentation of the trading system are provided, so they can be reviewed by the end user. This would include any manual trading system or any automated system. Also the cost of the system should be known.
We believe the Forexearlywarning trading system is a system that works well for most end users. It works for 28 pairs and the documentation is full and complete for anyone to see the logic and details. The trading system is a trend based system, using the higher time frames and simple trend indicators. The system points you to the correct pair to trade with our entry management system, The Forex Heatmap®, and an example signal is shown below for the AUD (Australian Dollar) pairs.
Setting and moving stop orders along with other good money management procedures are spelled out clearly. Traders can easily compare this forex trading system to any other system, or any indicator set. We cannot find any trading systems that come close in quality and we cannot find any complete trading systems at all besides this one when searching the web.
The system uses proven techniques like multiple time frame analysis and parallel and inverse analysis. We prepare daily trading plans and show traders how prepare plans on their own. We set audible price alerts and also set price targets based on support and resistance levels. This is a complete trading system, with all system documentation on our website.
One of the most difficult part of forex trading is knowing what pair to trade and when. Our simple trade entry management system, The Forex Heatmap® forex heatmap, is shown below for the AUD pairs. Based on AUD strength the heatmap says to buy the AUD/USD or sell the EUR/AUD. Having this real time guidance as part of the overall trading system allows for your trade entries to be profitable with much better money management. If the AUD/USD is also in an uptrend, even more pips are possible for as long as the trend lasts.
Forex Trading System
Forex Trading System AUD/USD
If you find a great forex trading system, or one you like a lot that is logical and easy to work with, the task of becoming a successful traders has just started. You must study the system documentation well, demo trade the system for a while to see if it suits your schedule, expectations, etc. If you cannot make any pips doing this then the system is of limited value or no value to you, even though the system itself works well. If you locate a forex trading system you like, make sure the system works for you.
Today in forex trading the market signaled consistent CAD weakness on all pairs. This drove strong and consistent price movement on these pairs. All of the Canadian Dollar (CAD) pairs could be traded today on this basis since most of the cross currencies were neutral. We would scale out lots on any trades as most of these pairs are inside of resistance or support ranges on the H4 time frames. You can check our forex trend indicators. The forex signal system you see is the The Forex Heatmap®, a real time signaling system for 28 pairs.
Forex Signal System CAD Weakness 2-19-2014
Today in forex trading the NZD was weak on all pairs. These movements started early in the main trading session. The Euro (EUR) and CHF also had some strength today so the NZD/CHF dropped and the EUR/NZD moved higher. Both of these New Zealand Dollar (NZD) pairs should continue in their current trends. The EUR/NZD should continue up to the 1.6700 target resistance area. The trading alert system you see below is The Forex Heatmap®, which give live alerts for 28 currency pairs.
Forex Trading Alert NZD Weakness 2-18-2014
The GBP/CAD is currently trending higher, check the trend chart below. The D1 time frame is starting a new trend to the upside and this move should continue to the 1.8500 target resistance area, noted in red. Since the higher time frames are also trending higher this pair could break the 1.8500 area at some point. So there is considerable upside potential here. You can set your price alert at the at 1.8300 resistance point and verify your trade entry with The Forex Heatmap®. The analysis was done with 5/12 exponential moving averages.
GBP/CAD Trend Analysis 2-12-2014
Today in forex trading the British Pound (GBP) strength was seen on all pairs in the group. The GBP strength caused strong price movement on this group of pairs. The GBP/NZD had a good movement cycle to the upside, this pair should continue much higher as it is trending up with no nearby resistance. The GBP/AUD also had a strong upward movement, but this pair is at one resistance point so we would be scaling out lots and taking some profits. The live visual alert system you see below is The Forex Heatmap®, our real time visual trade alert system.
Forex Alerts GBP Strength 2-12-2014
Today in the forex market the NZD/CAD has a clear sell signal on The Forex Heatmap®. This pair dropped strong to the downside. We would scale out some lots and take some profit on this movement as this pair is still inside of some support levels. The image below is of The Forex Heatmap®. This is our real time visual map of the forex market that tells you what pair to trade across 28 pairs.
Forex Market NZD/CAD Sell Signal 1-31-2014
Today in forex trading the AUD/NZD signaled a buy. The Australian Dollar (AUD) was strong on all pairs. This AUD strength extended across both trading sessions. The AUD/NZD had a clear buy signal on The Forex Heatmap®, which is our live trade entry management tool for 28 pairs. This AUD/NZD had a strong movement to the upside and will likely continue to the next resistance level at 1.0825.
Forex Signals AUD/NZD Buy 1-30-2014