Forex Trading Center

A mechanic has many tools. Each tools with its own usage and purpose. It is only down to intelligence and creativity that separates a good mechanic and a bad one.

Like a mechanic, a trader has many tools as well. Each indicator is a tool for the trader and a combination set of tools with rules is a trading system. A good trader has not 1 but many system. Each system has different purpose. It is down to knowledge and creativity that separates a good trader and a bad one apart from portfolio.

The best time frame to trade is the lower time frame but due to noise and spikes it is difficult to trade using lower timeframe. It is the reason why most trades fail in short time frame.

EurUsd has been ranging for the past few days and due to it, has hit my stop loss twice. Being a trend trader myself, I just cannot trade during these ranging period. So I stopped trading and try to make a new trading system using lower time frame to catch these ranging market.

It seems with a new set of tools (not new actually, had not used them for a while), I have manage to create an almost perfect trading system for all time frame but with the target of 15m chart. The only thing that this new system doesnt show is when not to trade which i made up with a new set of rules.

If any of you would like to try the new trading system please leave your email. I will try to get back to you ASAP.

I think I will give chart analysis from now on. Its easier to do and easier for you guys to get confused . First up is EurUsd. Not very hard to trade actually once you know the direction.

Ok lets go to the confusing part. That is the charts.

There you go. Weekly chart for starters. Can any of you guess which way is EU going? From the looks of it, EU is really going down and its a fast one. Easy isn’t it?

Next chart please. 1 chart isn’t going to get anyone confused.

Next is the Daily chart. Guess what, daily is also pointing down but at the moment it is in oversold position. CCI is way down there and making a U turn. Expect correction at daily level. So far 2 charts says EU down with a correction coming.

Another chart. Anyone confused yet???

This is the hourly chart. We can see where the correction is. Its really climbing now. So before anyone get anymore confuse I would say wait for the hourly chart to point down then you sell. Plan for the worse hope for the best. Keep your money management tight and you may survive the storm.

Btw dont sell EU yet. That sell line is for me to mark S&R. If EU do go down next target is 1.30 and 1.25 based on S&R on weekly chart.

Now the question is, how long do we have to wait before selling EU. The answer is I dont know. Just wait and see. It is what Forex is. Anyone here still confused?? I do