Forex Blog

Currency Strength Trading NZD/CHF Sell Signal

Today in the currency trading the NZD weakness and CHF strength drove the movement cycles on these groups of  pairs. This caused the NZD/CHF to sell off in the main forex trading session.

As of right now at 1200 Noon Eastern Standard Time the NZD/CHF pair is hitting one strong support level. For trade management, we would scale out some lots, or possibly close out the trade completely. The currency strength trading signals you see below are shown on The Forex Heatmap®, which is a real time visual map of the forex that gives real time currency strength readings. If you would like to learn more about the forex heatmap you can read the forex heatmap tutorial, which will give more detailed information on how this great signal system works.

NZD Weakness NZD/CHF Sell Signal

NZD Weakness NZD/CHF Sell Signal

NZDCHF Price Chart And Movement

NZDCHF Price Chart And Movement

Best Chart Setup For Forex Traders

The best chart setup for forex traders to use for highest visibility and highest profit potential is having multiple charts on one screen with one common currency. Compare this best in class charting system that leverages individual currencies to any other system to always know what pairs are moving in real time. We will show examples of how to set up the charts for the top 8 most liquid currencies and 28 pairs.

Why Set Up Your Forex Charts This Way?

Individual currencies drive the forex market. Each currency pair has two currencies and you must know the condition of each currency to safely enter trades. Technical indicators are completely flawed and ingnore this simple consideration. With the chart setups presented here traders will set the bar much higher for pip totals they expect to make.

Two Examples Of The Best Chart Setup

We use this chart setup for 8 currencies and a total of 28 different pairs. The examples below are for the CAD and USD pairs but this chart setup can be duplicated for the top 8, most liquid currencies.

Click on the chart images to expand to full screen.

Forex Heatmap CAD Strength

Forex Heatmap CAD Strength

Best Chart Setup For Forex Traders - CAD Pairs

Best Chart Setup For Forex Traders – CAD Pairs

Forex Heatmap USD Strength

Forex Heatmap USD Strength

Best Chart Setup For Forex Traders - USD Pairs

Best Chart Setup For Forex Traders – USD Pairs

The chart setups are consistent with our live market indicator, The Forex Heatmap®

Navigation is very fast from currency to currency. Traders can see to up to 7 pairs at a time on one sceen is easy using the hotkeys on your keyboard or via dropdown menu. Hotkeys are Ctrl F5 and Shift F5 keys. Use the smaller time frames plus the live heatmap signals for your trade entry management, then use the higher time frames like the H4 time frame and larger to check to see if the pair you are trading is trending up or down. We have a more complete discussion of what is the best time frame to use in these situations.

How To Set Up These Charts

The charts you see above can be set up using the Metatradr profiles functionality and features. Setting up the metatrader profiles can be done with these instructional videos. You can set up the charts using the lowere time frames for your trade entries to use with The Forex Heatmap. Traders can also use the same chart setup on the larger time frames like the H4 and larger to check the overall trends on the market.

Add Professional Alert Systems

Now you can set up our suite of professional forex alert systems to notify you as to when the market is moving. Whether it is the news calendar or our push alert system, we can notify traders of when the market is moving to spend less time in front of the computer while seeing the movements better on the charting system. Find out more about all of our alert systems and always be informed when the forex market is moving.

Summary and Conclusions: This forex chart setup is the best in class and all forex traders should use it. We present example charts here for two currencies. The same logic applies to 8 currencies and 28 pairs total. This professional, hedge fund quality chart setup will lead to successful trading, and is the most accurate chart setup available. Beginners or experienced traders will gravitate to this charting system and have a great understanding of how to make pips.

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Forexearlywarning Portuges Sinais

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Forexearlywarning Portuges Charts

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Clique nas imagens acima para ver a configuração do gráfico para os pares CAD com mais clareza. Sempre use os melhores sinais e configurações de gráficos na indústria forex e você verá os pips claramente em 8 moedas, USD, CAD, EUR, CHF, GBP, CHF, JPY, AUD e NZD, 28 pares no total. Forexearlywarning Portuges é uma empresa e entidade separada e não faz parte da MT2 Enterprises, LLC. A Forexearlywarning Portuges é gerida por W. Salazar e seus associados.

Online Forex Trading System With Consistent Profits

Forex traders need a complete system for online forex trading. This article will provide any trader with a list of criteria that any great forex trading system should have. Traders can use these criteria to validate any online forex trading system. This will ensure that their trading is moving in the right direction quickly, towards profitability. We will provide traders with a list of what they need to screen a trading system, along with showing you what a complete trading system looks like.

When searching the web for an online forex trading system you will mostly find forex brokers and some education providers or coaching for a very large fee. This is not really an online trading system. It is easy to find a broker with web searches, they are all over the internet, this article provides a profitable online trading system that will work with any broker platform. A forex broker platform is not a trading system, it is simply a trade execution system. A trading system will give you everything you need to make profitable trades, regardless of who your broker is. This is what we will show you in this article.

Online Forex Trading System Components

First of all, there are several online forex trading systems to avoid. We would avoid any trading system provided by a broker, which will lead to repetitive trading and scalping. We would also avoid any trading system that is based on technical indicators. We would also avoid any online trading system that could not be easily explained and the details were not clear.

Here is a list of trading system components needed to obtain a goal of successful and profitable online currency trading:

1 – A forex trader would need a method to analyze the entire forex market or any individual pair, thoroughly and accurately. For this we suggest multiple time frame analysis by individual currency. This way a trader could determine if the pair they are considering trading is with or against the major trends of the market. We could also provide traders with a set of trend indicators that can be set up on any charting system. After you have completely analyzed the market trends you could draw up some simple trend based  forex trading plans that are easy to follow.

2 – Alert systems for notifying traders when the overall market or any pair they are monitoring are moving is part of any great trading system. So you spend less time in front of the computer but can still catch the majority of the movements and good trades. An audible alert system combined with a forex news calendar should to the trick. We teach traders how to set forex price alerts. We also have visual alerts on our website to tell you when currencies are moving.

3- Traders would also need criteria for successfully enter trades and get into profitability, so they could move their stops and greatly reduce or eliminate risk trade after trade. Part of any trade entry management system would be clear signals like the ones you see below from The Forex Heatmap®. This is a buy signal for the AUD/CAD, this real time system works for 28 pairs, and the signals are easy to interpret.

Online Forex Trading System - CAD Weakness

Online Forex Trading System – CAD Weakness

4- Written methods to set stops and manage each trade, so traders can capture the pips they make. Money management techniques and determination of profit taking levels on a trade by trade basis should be included in any great online forex trading system.

5 – A full written tutorial and all education details to explain the system, along with some videos, so you have a practical guide to forex trading success with the system. And in case you have questions, an online trading system support like email, Skype, webinars and phone support.

If you can locate an online forex trading system with all of the components listed above, it would greatly reduce difficulties of any trader learning how to trade the forex market profitably. With a system like this you could set up a forex demo account with any broker you wish and begin demo trading almost immediately and working on profit taking techniques prior to going to live lots.

Forexearlywarning Has an Online Forex Trading System

If you are a forex trader looking for a complete online trading system, with all of the components listed above, there is one complete system available from Forexearlywarning. You can use the Forexearlywarning online trading system with any broker you like. We have trend based trading plans, several alert systems, and excellent live indicators like The Forex Heatmap® to validate all of your trade entries. Compare this online system with any one you see on the web and you will determine that this is the best online forex trading system available. The system works for 28 pairs and eight different currencies.

What Is The Best Time Frame For Forex Traders To Use?

What is the best time frame for forex traders to use is a commonly asked question by traders. Most trading platforms have 9 time frames, like Metatrader. We will review the time frames and the role each time frame plays in the day to day movements, trading cycles, and the formation of long term trends.

The Role of The Time Frames

The time frames on a currency pair serve two functions, smaller time frames can be used for trade entries, and the larger time frames can be used for overall trend and market analysis. Lets get more specific here.

What Is The Best Time Frame For Forex Traders

What Is The Best Time Frame For Forex Traders

Time frames used for trade entries: M5, M15. Time frames use for overall market trend analysis: H4, D1, W1. The shorter time frames can be used for managing your trade entries along with our real time  momentum indicator, The Forex Heatmap®.

The Forex Heatmap®

The Forex Heatmap®

Smaller Time Frames

Smaller Time Frames

You can see the shorter time frame here M15 with the live heatmap signals. On this particular day the GBP was strong on all pairs and it drove the EUR/GBP downward. If the EUR/GBP is trending down on the larger time frames like the H4 or larger, you can enter the trade and hold on for more trend based pips to the next support level. The red and green lines on the chart are our free trend indicators, which are a system of exponential moving averages.

Uses For The H1 Time Frame

The H1 time frame is a hybrid and can be used to anchor daytrades or give a heads up on the H4 cycle starting. When you see movement on the smaller time frames and a strong heatmap signals, if the H1 time frame is starting a new cycle we consider this to be a great scenario for a trade. Especially a sharp reversal of direction. If a currency pair is going sideways for a couple of days or more and the H1 time frame breaks in one direction, this could lead to a new H4 or D1 trend forming. So either way the H1 has lots of utility to traders.

What Time Frames Do I Use For Market Analysis

To analyze the forex market you use all of the time frames, this is called multiple time frame analysis or “drilling down the charts”. Straightforward old school chart analysis. You start with the largest time frames and move down to the lower time frames looking for trends, oscillations and breakout points. We also have a great tool called the forex market analysis spreadsheet. This tool should be used on the larger time frames like the H4, D1 and W1 time frames. They you will know what currencies are strong or weak, and what pairs are trending at all  times. Learning multiple time frame analysis will take time, but the rewards will be great.

Forex Market Analysis Spreadsheet

Forex Market Analysis Spreadsheet

This is what the spreadsheet look like for the USD pairs. You can analyse the USD, CAD, EUR, CHF, GBP, AUD, JPY and NZD pairs with this straight forward tool to determine market direction. It is an excellent tool for creating trading plans also.

Charting Platforms And The Time Frames

Most charting platforms like Metatrader or some of the web based charting systems offer the 9 basic time frames for the various forex pairs, and some offer custom time frames. As long as you can set up the trend indicators in the images above by individual currency and group them together on one screen, like the metatrader profiles, any charting platform will work with the techniques described in this article. Most of the time you can detect trending pairs, ranging pairs, support and resistance levels, or a choppy market by drilling down the charts daily using multiple time frame analysis.

Using The Same Time Frame On Multiple Pairs

If you set up your charts using the metatrader profiles, you can view 7 charts at a time on the small or large time frames. This type of chart setup is only used by less than 1% of forex traders but is by far the most powerful chart setup you can use. You can also navigate quickly 7 charts at a time using the hotkeys on your keyboard. Example, you can view all of the CHF pairs on one screen on any time frame, or the JPY pairs all on one screen for any time frame. This is a lifetime chart setup and you will use it as long as you trade the forex market.

CAD Pairs Signals

CAD Pairs Signals

Same Time Frame On Multiple Pairs

Same Time Frame On Multiple Pairs

Setting up your charts this way allows you to view any time frame on any group of pairs. So if you are a daytrader, swing trader or longer term trend traders this chart setup is suitable.

Daytraders use the smaller time frames like the M5 and M15 to monitor the intraday movements and to manage trade entries. If your trading style is swing trading, you can enter on the smaller time frames, then inspect the H4 time frame to see where you are in the overall H4 cycle.

Example Use Case For The Various Time Frames

Please refrence the CAD signals and price movements above. A trader gets a notification that the CAD is strong. They pull up their charts and heatmap and decide to sell the NZD/CAD. In this case they use the heatmap signals and smaller time frames to enter the trade. When the pairs stalls they move their stop to breakeven and scale out half of their lots. Then they inspect the D1 time frame and the trend is down with no nearby support, they decide to hold the NZD/CAD sell position for more trend based pips. This is a good illustration of how to use the various time frames for their intended purpose. No random trade entries or hold decisions. If the NZD/CAD hits strong support is not trending down on the larger time frames, the trader should exit the trade.

Best Pairs To Trade

Now that you know the best time frames to use and how to set up your charts, now here is a list of the best pairs to trade. Any combination of the top 8 most liquid currencies is good for this charting and time frame system. The top 8, most liquid currencies are the USD, CAD, EUR, GBP, CHF, JPY, AUD and NZD pairs. There is a total of 28 pairs.

As is the case for any new trading system or charting system, we ask all traders to demo trade this system and to be responsible. However you will be impressed with the way you are able to see the pips and movement cycles. You will no longer be a prisoner to the horrible technical indicators that almost all forex traders use every day. You will see that the daily movements in the forex market are caused by the strength and weakness of the individual currencies in each pair. Your entire vision of the forex market will change.

Summary and Conclusions About Forex Time Frames:

Forex traders often ask questions like: What is the best Time Frame To Use?, the answer is most likely all of them. The higher time frames and lower time frames can both be utilized to improve your market analysis and trade entries, all time frames play a role. Combine this with professional alert systems and signal systems presented here into a winning trading system.

Forex Analysis EUR/CAD H4 Chart

The EUR/CAD chart analysis on the H4 time frame shows one resistance level at 1.4120, see yellow line on the right. Traders should set an audible price alert here for an upside price breakout. When the price alert hits then you can confirm any buys with The Forex Heatmap® forex heatmap and check for consistent EUR strength or CAD weakness, or both.

The upside potential on any buy trades is to the next resistance area at the 1.4400 area, see the yellow line on the left. This is nearly 300 pips of upside potential, which is the benefit of working with the higher time frames like the H4 and larger.

The free forex indicators you see below are for monitoring market trends. Thy are a basic open high low close barchart with some very simple 5/12 exponential moving averages attached to the EUR/CAD on the H4 time frame.

Forex Analysis EUR/CAD H4 Chart

Forex Analysis EUR/CAD H4 Chart

Announcements And Customer Administration

1 – Telegram App Update 9-1-2023

Effective September 1, 2023 our push alert system has moved to Telegram.

Download the Telegram app to all of your devices.

Email us at the admin@ email address.

We will send you the link to enable all of your devices for the push alerts.

All of our alert systems like news calendar, price alerts, live heatmap alerts, market scanner, etc. are all listed in Lesson 16 alert systems. Leverage all of these alert systems to always know when the forex market is moving.

Updates To Other Alert Systems

Our alert systems and documentation are all being reviewed and or upgraded.

This is a new video about audible price alerts is now available, please watch it as price alerts are underutilized and mis-used by cients:  Price Alerts Video

Also the documentation related to the live heatmap alerts has been updated, see the link below. The heatmap alerts (red dot badge system) has been deployed to three pages in the members area, and above both heatmaps.  Make sure you understand this alert/ market status system well: Heatmap Alerts System

Also our market scanner app in the members area has been revanped and streamlined, the user interface and clocks have been simplified, and an Eastern Standard Time clock has been added.

End of Alert Systems Updates

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2 – New Subscriber Welcome 

Purpose: Initial email sent to new Paypal subscribers from the administrator Admin@ email box.

Subject: Welcome to ForexEarlyWarning.com

Welcome to Forexearlywarning.com, Here are the instructions for using the trading plans: trading plan instructions. Bookmark our sitemap to stay organized and to locate most of your resources quickly. Make sure you can login and access the members area including the trading plans and The Forex Heatmap®. Continue reviewing the rest of our website and associated resources over time, like the 35 forex lessons. Let us know if you have any questions about our system or need a phone or Skype consultation by email. See the “contact us” page for our support email addresses. You can also use the “search” feature on the bottom of the homepage or blog search box to find anything on our website.

Site Search Box

Site Search Box

Please watch this 10 minute video which will provide you with a complete introduction to Forexearlywarning and overview of our trading system, plus how to get support. Do you know what a profitable trade looks like? Here are some examples of strong heatmap signals and price movement for various pairs.

As a paid subscriber you are eligible to access our notification apps, which send push alerts to you to notify you when the market is moving across 8 currencies. You can get the push alerts sent to the Chrome, Firefox or Safari desktop browsers. Push alerts can also be sent to your Android or iOS mobile device by downloading our mobile app. See this link for mobile app setup instructions. If you have questions about setting up these push alerts email admin@ email address, we highly recommend these two alert systems.

3 – Multiple Issues Subscribing

Purpose: When we encounter an issue with a new subscriber that can only be solved by deleting their entry in the subscriber database.

Subject: Problem Subscribing to ForexEarlyWarning Resolved – Please Re-Subscribe

You have been experiencing difficulty subscribing to ForexEarlyWarning. Because of this, we have manually removed the erroneous entry from our database. You can try to now subscribe again as a new subscriber and everything should work fine. We are glad to have you as a part of our community of traders.

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Resources For Google Chrome Book Users

If you use a google chrome book, setting up Metatrader 4 is difficult to get web based charts. Here are some resources for setting up Metatrader 4 on your laptop or desktop computer. Metatrader 5 is not a good option or work around because it lacks the features we need for setting up the Metatrader profiles and is not available to most USA traders for good quality web based charts. Other web based charting platforms are expensive. Community Outreach: If you have better resources or know of a better way to do this let us know and we will update this document.

MT4 Workarounds for Chromebooks or people who need web-based charts. Youtube video for how to install MT4 on chromebook and enable Linux on your Chromebook. Video of How to run MT4 on a thumb drive in portable mode. Running MT4 from a flash drive. Information on Admiral Markets Website, a Non USD broker about MT4 Webtrader For Chromebook. Use Metatrader 4 MT4 on an external external hard drive.

Real Time Forex Push Alerts For Web Browsers

Our forex mobile app and push alert system is on the Telegram App. This unique forex mobile app will send traders an immediate push notification to all of their web browsers and all other devices when the forex market starts a new, consistent movement across any of the 8 currencies we follow. This includes the USD, CAD, EUR, GBP, CHF, JPY, AUD and NZD. A total of 28 pairs.

How Do I Get The Web Browser Push Alerts?

Download the Telegram App to all of your mobile devices or web devices. Email us at the admin@ email address. We will send you the link to enable all of your devices including browsers for the push alerts on any operating system.

Telegram Devices

Telegram Devices

The push alerts can be sent to any desktop browser or mobile device or operating system listed above like iOS, Android, Linux and all web browsers.

How Do The Push Alerts Work?

The app scans the market every 5 minutes for consistent momentum building on the top 8, most liquid currencies on the forex market. When the reading are consistent on one currency, the push alert notifications are sent. It is the only app of its kind available to forex traders. Having an alert system that is based on market momentum puts you on the right side of the trade every time. You will always know when the market is moving.

What Do The Browser Push Alerts Look Like?

All web browser push alerts that are sent have a local date and time stamp based on your device and location. Most browsers will have a popup window notification that can be enabled or disabled inside of the Telegram account or in your phone/device settings menu. They are completely customizable and there is a range of options for audio notifications. This is how the alerts timeline will look on your device screen with the most recent alert at the bottom.

Telegram Push Alerts

Telegram Push Alerts Screen Output

Telegram Red Badge Visual Notifier

Telegram Red Badge Visual Notifier

Telegram Popup Alert

Telegram Popup Alert

In the above example you are getting a web browser popup push alert that the AUD (Australian Dollar) is strong in the Asian session. You will get push alerts for the USD, CAD, EUR, GBP, CHF, JPY, AUD and NZD pairs using this alert system in both trading sessions. Alerts will be sent in the main trading session and in the Asian trading session, essentially all of the time the forex market is open.

You can “preview” our Telegram channel here >>>: Forexearlywarning Market Scanner

After You Receive A Push Alert

In the example above the popup alert says that the AUD is strong. In this case you may be able to buy the AUD/USD or sell the GBP/AUD. When you get the push alert for the AUD strength go check the condition of the market on the AUD pairs, like the larger rends trends or AUD strength signals on our heatmap.

Real Time Forex Push Alerts

Real Time Forex Push Alerts

Forex Push Alerts

Forex Push Alerts

Example trade: You receive an alert for AUD strength and choose to buy 6 mini lots on the AUD/CAD. You see that the AUD/CAD is trending up on the D1 time frame. It moved higher about 40-50 pips, then you set your stop to breakeven and scale out 3 profitable lots. You re-assess the market and hold the three remaining lots because the D1 downtrend looks like it will continue. You now have a change to make more pips riding the trend.

This is an example for one currency and one pair. But now you have an opportunity to trade more than one pair at a time off of one alert. You could have bought the AUD/USD and AUD/JPY along with the AUD/CAD and the pips totals would start to be very high off of one alert. You have now opened up possibilities of trading 8 currencies and 28 pairs using this effective web browser push alert system.

Along with the web browser push alerts, we also have a suite of alert systems for any forex professional trader. These alert systems will allow traders to formulate a strategy for montoring the forex market for movement at all times.

Forexearlywarning Is On Trustpilot, 5 Star Forex Trading System

Forexearlywarning is now on Trustpilot. 100% of our ratings are 5 stars! Read all of our organic 5-star reviews about our complete trading system. Forexearlywarning has professional market analysis tools, trend indicator setup by individual currencies, multiple live alert systems like push alerts to your phone or desktop, live signals system for 28 pairs, and trend-based trading plans. This is a complete and profitable trading system. Check out our Trustpilot Reviews on the link below.

Forexearlywarning Reviews On Trustpilot

Forexearlywarning Is On Trustpilot

Forexearlywarning Is On Trustpilot

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If you have a cryptocurrency wallet you can purchase a one year subscription to Forexearlywarning for $240 worth of any crypto on ERC-20. If you own a quantity of Bitcoin, Ethereum, USDCoin, Binance or other cryptocurrency, we can accept payment using this method. We accept all coins listed on the Coinbase exchange. One years subscription is 240 USDC or eqivalent and on this offer there is no refunds. We will pay the transfer fee on the crypto. Contact us at our partners@ email box for payment instructions and we will get you our Coinbase wallet address. Or contact us at our partners@ email box with any questions.

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