This video will show forex traders how to set forex price alerts/alarms on metatrader. This will allow traders to monitor any currency pair for pairs for breakouts or trend continuations. First you locate a trend on the larger time frames for a trend continuations or breakout point. Then you locate the breakout point at short term support or resistance, go to smaller time frames, and set the alert so you can intercept the next price movement. Then the video will illustrate the mechanics of setting the alert. When the price in the alert is hit, the audible alert will notify you of the price breach. Then you can check The Forex Heatmap® to verify the trade entry. This is one of our alert systems, we have several alert systems so you always know when the market is moving.
In this video we will show traders how to set up our trend indicators for each individual currency group. For example you can set up the USD or JPY pairs all together on your screen so you can see what currencies are strong or weak and consistent based on the trends of the forex market. This chart setup is good for all 8 currencies we trade. Once you set up a chart with these simple trend indicators you can arrange them by individual currency by grouping them with your mouse. By setting up your trend charts this way, traders can group pairs together by currency to match the eight currency groups on The Forex Heatmap®. Here is an example: If the EUR is strengthening on the heatmap all of the EUR pairs will be grouped together in your charts also, for consistency. Conversely if you are analyzing the EUR pairs on the charts they will all be grouped together, just like the heatmap. This way your analytical method matches your entry system and is consistent. Lesson 11 and 31 in our forex lessons will explain these individual currency concepts in detail, along with how to prepare a trading plan for any currency
pair or group of pairs.
Today in forex trading the CAD (Canadian Dollar) was weak, the NZD/CAD and AUD/CAD moved strongly higher. The NZD/CAD is trending on the W1 time frame in place, and has additional upside potential. The AUD/CAD had a strong overnight movement and has broken one resistance level on the D1 time frame. Both of these pairs have ongoing upside potential and we will look to continue to write additional trading plans for buys over the next few days. The AUD/CAD has hit a high of 0.9575 in intra day trading, and the NZD/CAD has hit 0.9090. The NZD/CAD has potential up to the 0.9400 area on the W1 time frame trend. The live trade signals you see below are from The Forex Heatmap®, which provides live buy and sell signals for 28 currency pairs.
In this short 9 minute video we will give all forex traders a complete overview and introduction to Forexearlywarning. We will tell you what we do and how we make forex traders profitable. This video will explain how we prepare our daily trading plans for 28 pairs, what trend indicators we use, all of our alert and signal systems, how we enter trades with The Forex Heatmap®, and when to enter trades. We will explain our techniques for how we manage money and profits, prices for our services, the best way to get started, and how to ask questions and get help and support. The website used to answer these questions and to provide you with a tour.
This video will show you how to set up the free forex trend indicators for multiple time frame analysis so you can analyze 28 currency pairs daily and follow the Forexearlywarning.com trading plans. This is our basic setup, and some of our other videos will give you some other options that fit our trading system. This video is only 4 minutes but will show you how to set up one pair, then you can duplicate the procedure for 28 pairs. The setup is for the metatrader platform using the basic chart window, simple open, high, low, close barcharts and exponential moving averages. It will show you color settings and how to zoom and magnify the time frames. Using this procedure you should be able to set up 28 pairs in about 20 minutes. If you would like we also have some written instructions to set up the indicators.
Here is our trading plan for the NZD/USD pair. The NZD was strong in the Asian session today so after this pair consolidates, we will set a buy alert at the near term resistance. When the alert hits check The Forex Heatmap® for a confirmation buy signal. Current pricing is around 0.7120, overall pip potential is up to the next major resistance at 0.7550, shown on the chart. We suspect we will be issuing many trading plans based on NZD strength tomorrow in our daily trading plans.
Today in forex trading the NZD/CAD has a strong move to the upside. The live buy signal from The Forex Heatmap® is shown below in the images. The NZD (New Zealand Dollar) was strong on all pairs today, driving a lot of movement in the pairs in this currency group. This pair is ranging on the H4/D1 time frame, and it should continue up to the 0.8900 resistance area. Today’s movements were strong but these pairs are not in strong trends, so we are setting the 0.8900 resistance price target. The signals you see below from the heatmap work for 28 pairs, including 7 major pairs, and also trading signals for 21 exotic pairs like the NZD/CAD.
This a chart of the GBP/USD on the W1 time frame. This trend is still new and has plenty of upside potential. Traders should set a buy alarm at 1.4725 on this pair. When the alarm hits check The Forex Heatmap® for a confirmation buy signal. The W1 trend is still forming so the upside potential is up to the 1.5150 resistance, or possibly much higher. The GBP is strong on all pairs right now based on an analysis if the trends by individual currency. Also, there are GBP (British Pound) and USD (US Dollar) news drivers tomorrow morning in the main session, so this trend could continue building tomorrow in the main forex trading session. These trade charts are easy to set up for all 28 pairs and the analysis techniques are available at Forexearlywarning.com for any trader.
Today in forex trading the GBP strength caused strong movements on many pairs. The GBP/JPY had a buy signal on The Forex Heatmap®, along with several other GBP pairs showing great quality trading signals. The British Pound to USD exchange rate also soared today. News from the GBP about the claimant count employment data along with average earnings triggered the strength in the GBP today, and all GBP pairs we follow had technical and price breakouts. Based on today’s news we expect the GBP to continue strengthening. The real time buy signals from The Forex Heatmap® are shown below along with some of today’s GBP price chart movements. The GBP/JPY should continue higher to the 162.00 resistance area, and the GBP/AUD has significant upside on the larger time frames. The Forex Heatmap® provides live buy and sell signals for 28 currency pairs, it is an easy to read tool for guiding all of your forex trade entries.
The USD/CAD trading plan for the current market condition is as follows. This pair could begin trending down on the H4 and D1 time frames. Look for a sell signal on this pair in the main session, if it drops below 1.2830, it has pip potential down to the 1.2550 support area, which is noted by the yellow line. This trading plans was prepared using multiple time frame analysis by individual currency, and we are detecting some CAD (Canadian Dollar) strength in the market now. We use this method to analyze 28 pairs for our daily trading plans at Forexearlywarning.