- Recent Posts
- GBP/CHF, EUR/GBP Example Trade Entry
- Live Trading Capital: Funded Forex Account, Forex Funding
- Forex Mobile App For Iphone, Android
- Forex Scanner, Real Time Screening Signals For 8 Currencies
- Forex Audio Book, MP3 Library
- Forex Trading Seminar — Can I Become A Forex Trader?
- GBP/JPY Trend Reversal
- Forexearlywarning, Introduction To Our Complete Trading System
- AUD/USD Sell Signal
- EUR/NZD Strong Downtrend
In this article we will show traders an example trade entry for selling the GBP/CHF and buying the EUR/GBP. The live signal system you see below is called The Forex Heatmap®. As you can see the live heatmap signal system is indicating clear GBP weakness on all 7 pairs.
Due to the EUR and CHF being neutral on this trading day, the GBP weakness alone pushed the GBP/CHF down and the EUR/GBP up. Traders were notified of the movement starting with our mobile app, desktop scanner tool and audible/email price alert systems.
The GBP/CHF dropped and had an intraday movement cycle of about 150 pips. The EUR/GBP moved up about 110 pips intraday. You can easily see the intraday movement of 150 pips on the GBP/CHF below on the M15 time frame using our simple forex trend indicators.
To put both trades into perspective here is a chart of the GBP/CHF on the D1 time frame. Since the GBP/CHF is near the beginning of the new D1 downtrend cycle, it still has an additional 400-500 pips of potential, over and above today’s intraday movement cycle of 150 pips. Similarly, the EUR/GBP is starting a new uptrend in the D1 time frame, and this pair also has additional upside of 400-500 more pips on the same new D1 trend cycle.
Not only can pips be made on an intraday basis with these simple indicators, but by entering a trade at the beginning of the D1 time frme trend cycle, additional upside is possible, along with a very strong risk to reward profile. Consistent GBP weakness in real time provides the entry point. Multiple time frame analysis allows the trader flexibility on exiting the trade and provides all the information needed to make the decision to stay in the trade. If you would like to trade this way, using the larger trends and currency strength, check out our complete trading system at Forexearlywarning.com. This trading system works the same way for 8 currencies and 28 pairs.
Forex traders can obtain live trading capital and funded trading accounts from third party providers. Thousands of traders are receiving funding for their trading account every year from the various capital providers. Any forex trader who has a great trading system and is competent, skilled and profitable, but lacks the funds to trade live should investigate these funding companies. This article will provide lots of details on what programs are available to get forex account funding. We will also present a low drawdown, profitable trading system to use with the capital and funding providers. Traders can earn strong commissions, like 80%, to be paid for their trading skills using these funded accounts.
Companies That Provide Live Trading Capital
Several companies provide live trading capital for forex traders. Here is a partial list: Topstep, FTMO, the5ers, Fundisus, Audacity, Fundingtalent, Theproptrading, Myforexfunds, Fidelcrest, Maverickfx, Blufx, Skilledmarkets, Top Flight Trading Academy and Enfoid. We also found a handful of forex brokers who have capital referral programs.
There are also private entities and individuals on places like Linkedin that advertise funding available for forex traders. Some of these capital providers have been in business over 5 years. You can supplement this list with some Google searches for “forex funding” or “funded forex account”.
How Much Money Is Available For My Funded Forex Account
Traders who qualify are eligible to receive up to $2,000,000 or more USD in buying power, including leverage, from many of the available capital provider programs. Example, a funding company might offer a trader a $5,000 account with 100:1 leverage, which is $500,000 USD in buying power. Some companies will fund traders in Euros rather than US Dollars. Be sure to ask what leverage is being used from the providers.
If you start with a small amount of capital, you can easily qualify for more funding quickly just by increasing your account balance by a small amount. Each forex funding provider has their own guidelines for qualifying for more money. Important Tip >> if you want more funding for your forex trading account, then open two accounts with two different capital providers.
Fees For Obtaining Forex Funding
If you are seeking funding for your forex trading account, check the fee structure. Some forex funding and capital providers do not charge any fee at all, but the profit split percentages for the trader are lower. Some funding providers charge one time up front fees or monthly fees. In some cases the fees are 100% refundable out of the trading profits. This is a wide range of possibilities. We consider most of the fees to be reasonable, since the funding providers are covering any trading losses for the end user.
When evaluating a forex funding provider, we would question each provider if the trading platform they provide has institutional spreads or direct access spreads. Inquire if the brokerage platform they provide is also a profit center for their introducing broker operation. Most funding providers likely also make money off of each trade as an introducing broker. Don’t pay for high spreads on top of the fees they charge.
How Do I Get A Funded Forex Trading Account
Each capital and funding provider has a qualification program to obtain funding. The rules vary quite a bit. Each qualification program has a demonstration or qualification period to obtain the funding. It can be a one or two step process. During the qualification period you must abide by the capital provider’s rules like profit targets, position size, daily and weekly total loss or drawdown limits, maximum number of positions open and position size, etc. Each capital and funding provider has their rules and guidelines are they in writing, so read them carefully. If you break the rules you might be liable for paying more fees to restart the process to get more funding. The demonstration period can vary from one month to several months to hit the profit targets. All of the providers we found cover all trading losses up to the specified loss limits. Don’t be intimidated by the funding qualification process, under some programs you can qualify for funding in as little as one day with just 2 or 3 positive trades.
Important Tip >> You can access much more capital quickly. Some capital providers will increase the amount of capital they make available to a trader for trading profitably. Some capital providers will double the amount of capital you can access for increasing your account balance by only 10%, which is a modest amount of profit. For example, if you get a $5,000 funded trading account and you increase the account to $5,500 with positive trades, you will be able to access $5,000 more trading capital. We view this as quite generous, since this can be done with just one swing trade on the H4 time frame or larger time frame.
More Criteria For Selecting A Live Trading Capital And Funding Provider
Here are some more criteria for helping to select the best funded forex trading program. Profit splits range from 50/50 to 80/20, with the traders keeping 80%. Some funding programs allows traders to keep the first 100% of $5,000 in profits. 50% seems pretty low for a profit split, in our opinion. Profits can be withdrawn via bank wire and in some cases, Paypal. Transfer fees may apply to small withdrawals. Withdrawals are usually available at the end of the month.
All of the forex capital providers have drawdown limits. The drawdown is usually measured as the amount of loss of capital from the previous and most recent high balance. Drawdown limits can be weekly or monthly, and range from between 1% and 10% of the high balance, which is a very wide variation. Continue reading this article and we can show you a trading system that can be used that has very little drawdown on each trade entry.
When selecting a live trading capital provider make sure they show you a list of the available pairs that you can trade with their brokerage platform. We recommend checking their offerings against the 28 most actively traded pairs, which are combinations of the 8 most frequently traded currencies. The USD, CAD, EUR, CHF, GBP, JPY, AUD and NZD are the 8 most frequently traded currencies.
Some capital providers only allow trading on 22 or 24 of these pairs, some providers allow the full 28 pairs. Some providers offer a choice of a lot of pairs to trade, but these pairs are outside the 8 most frequently traded currencies. These spreads on these pairs are very high and should not be traded inside of these programs.
Traders should inquire as to what trading platform is offered by the capital provider that you are evaluating. If all of your trading experience is on Metatrader 4, but the capital provider may not offer that platform. If you are seeking their capital might have to download the platform they offer for executing trades and managing the account, so make sure you ask this important question. Being experienced using a new platform is very important before applying for funding. Any new platform should be demo traded so you are familiar with the features and functionality.
Some capital providers offer expensive training programs, costing thousands of dollars up front, before you can qualify for capital. We would avoid these capital providers all together. Forexearlywarning can provide a complete training program, our 35 illustrated forex lessons, to teach you everything you need to know about our complete, profitable trading system.
Most of the forex capital providers we reviewed were offering 100:1 leverage. If you are used to trading at 50:1 or some other leverage rate, remember to keep this in mind as it will affect your margin balances on each trade.
Some capital providers do not let you hold trades over the weekend, or even overnight. This is not good at all and capital providers need to fix this. It makes it impossible to use a forex trading style like swing trading on the H4 time frame, which is where the pips are at. This restriction also prevents any trend-based trading on the higher time frames. Avoid forex funding providers with these types of restrictions that basically force you to day trade. Some capital providers offer a free trial, which is excellent.
Trader Profile For Live Trading Capital And Forex Funding
If you are a forex trader, and would like to have access to third party live trading capital, here are some characteristics we think you should have: Ideally, you should have a trading system that you like a lot, and is effective at making pips. Second of all you should have already set up a demo account and be demo trading the system you like, with at least some level success. With those two criteria in place you should start reviewing the funded forex account providers and look for a provider that fits your needs. If you are a rookie forex trader with little experience, you should avoid all live trading capital provider programs, you are not ready yet.
As far as trading systems we believe you should have a rules based trading system, like the Forexearlywarning trading system. If you can consistently make positive pips when you use it, week after week, you should be ready to apply for funding.
Regardless of the trading system you select, you must like your trading system and understand it well via demo trading or possibly micro lot trading. You must be skilled at entering trades and managing trades with stops and scaling out lots. Forexearlywarning offer thorough market analysis, more exact trade entry points across 28 pairs, and very little drawdown on trade entries. The low drawdown will comply with most capital and funding programs.
Trading System To Use With Your Funded Forex Trading Account
If you are a trader who is seeking capital, and you need a profitable trading system with a low drawdown, we invite traders to check out the Forexearlywarning trading system. You can demo trade our trading system and get consistent trades prior to applying for forex funding.
Forexearlywarning provides daily trading plans for 28 pairs, and we focus on the higher time frames and trends, H4 and larger. The higher time frames will get you more pips and profits than scalping the same pairs over and over with technical indicators. Forexearlywarning also has professional alert systems and an excellent trade entry management system, The Forex Heatmap ® forex heatmap. The heatmap will assist with low drawdown trade entry points that satisfy most of the capital providers rules and guidelines.
An example trade signal for the GBP pairs on the heatmap is shown below, consistent, clear signals like this for trading are powerful and traders will have very little drawdown on trade entries, as to fully comply with the drawdown rules from most capital providers. Also, the GBP pairs are volatile and the total movement cycle was about 125 pips on the trade below. Strong results for any forex trader. This system works for the GBP pairs and a total of 28 pairs.
By offering 28 pairs, the Forexearlywarning trading system matches or exceeds the most actively traded and most liquid pairs in most capital provider programs. The heatmap system will provide traders with much lower drawdown on trade entry points so almost any capital program can be used. With the Forexearlywarning trading system, you can easily make 10% on your account balance on one swing trade based on the H4 time frame. This will qualify you for more capital on some of the funded forex account.
Other advantages of using the Forexearlywarning trading system are that is can be easily demo traded. You must understand and like your trading system and enjoy using it before you apply for any third party funded account.
Conclusions about live trading capital programs: A large amount of capital is available to forex traders to fund their live accounts, and we predict that even more capital providers will be available going forward. The industry is growing. Any program that offers a fully funded forex trading account, that also covers your trading losses sound like a great offer.
Traders who have no capital or just a small amount of capital, who are skilled at making positive trades, should evaluate these funded forex account providers. Traders should remember that the trading rules vary between providers, so read each capital providers’ rules carefully, get everything in writing, like the fee structure and drawdown limits.
Finally, make sure you have a trading system that you believe in that is effective at making pips. We have a logical trading system at Forexearlywarning. With a trading system like Forexearlywarning plus third party funding, a forex trading business is possible for very little cost to the end user/trader.
Our forex mobile app is ready for download. This unique forex mobile app will send traders an immediate push notification 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.
Market scans conducted every 5 minutes for the push notifications. It is the only app of its kind available to traders. All push alerts have a local date and time stamp. The app works on a large number of iOs and Android mobile devices, like Iphone, Ipad, Apple Watch and Samsung phones.
Forex traders can now be notified during almost any trading situation when strong, consistent moving is starting in the forex market across 8 currencies. Push alerts are sent for all possible situations, like price breakouts, news related movements, unexpected news, trend based trades, day trades, and swing trade entry points.
App Download And Set Up Instructions
To download the mobile app you must first subscribe to Forexearlywarning via paypal or credit card. After you pay for your subscription you can email us at our admin@ email box and we will send you the download instructions. Once installed, the app will be a yellow icon on your screen. After you download the app tap on the upper right icon. Search for “Forexearlywarning Market Scanner”. Make sure you are subscribed to the market scanner feed on the “subscriptions tab”. The subscriptions can be accessed on the upper left menu, which is three horizontal bars. The whole process to download and subscribe takes under 10 minutes.
App User Functionality and Tips
App users can compare the push alert notifications they receive to our desktop forex market scanner to make sure the app is functioning correctly. Expect about 20 push alerts per week. Our forex mobile app can be turned off for 24 hours using the do not disturb button.
App Customization With Your Phone settings – On most phones, additional customization is possible. Tap on the “settings” icon or “settings” menu in your phone. End users of the app can adjust the general settings on their phone so that the “do not disturb” settings can customized. This way, your phone will not vibrate or ring during those times of day that you designate.
Also, when you get a push alert, your phone should vibrate and ring. On most phones you can go into the “settings” menu again to customize the type of audio, ringtones, and/or vibration you get with each push alert. Audio can be also distributed to a remote speaker if app users enable the blue tooth feature. Consult the documentation for your phone to see what options are available. See the image below to preview the app to see how it will look on your phone.
App users can also unsubscribe and all push alerts will stop, if you like. Traders can review Lesson 16 in our 35 forex lessons for a description of all of our alert systems. App users can add the mobile app alerts to their customized set of market alerts. The app performance is not guaranteed, but we suspect it will have excellent up time. Any server outage might temporarily affect the app.
When You Get A Push Alert
Our forex mobile app will alert traders when to check the market conditions. When you get a push alert, login to the Forexearlywarning.com website and check the market conditions to see if the conditions are right for a trade. Check the signals from The Forex Heatmap® , the trends on the higher time frames, and support and resistance levels, depending on the direction of the trade. Our trading plans will also be of great help in considering any trade, because you will know what pairs are in identified to be in clear trends.
Example: Look at the push alerts in the image above. If the app send a push alert that indicates CHF (Swiss Franc) weakness, as a trader you know that pairs like the CHF/JPY might be dropping or the EUR/CHF and USD/CHF might be rising. Also, since the NZD strength push alert was also sent, the NZD/CHF might be moving up strong and also be a buy candidate. Then check the heatmap signals and market trends on these pairs to verify your trade entry. This mobile app sends push notifications for 8 different currencies, in two directions, for a total of 28 pairs.
A Unique Forex Mobile App
When searching the web for a unique forex mobile app, traders find that almost all of the apps they see are built by brokers. So the app features might include a quote screen, some basic charts, and a buy and sell button for trade execution. This is fine, but if you don’t know what pair to trade and in which direction you will wind up with a losing trade. Executing trades from a mobile phone is worthless unless you know what pair to trade and in which direction. Our app is the best forex mobile app for traders because it directs traders where to look for pairs that are starting new and consistent movements. Our forex mobile app will be widely recognized as one of the top apps available to forex traders.
Forexearlywarning has a real time forex scanner that scans the market and signals from The Forex Heatmap® every 5 minutes for new movements. The scanner works continuously at 5 minute intervals during all forex market hours. The scanner uses currency strength to screen 8 currencies, 28 pairs, for new and consistent movement cycles. When a new currency movement is detected in the market, the scanner gives the end user a flashing desktop notification in your web browser.
When the scanner alerts start flashing on your desktop, you can check the market condition and decide if the buy or sell trade is warranted. The built-in flashing desktop alert system is visible in your web browser. Use of the real time scanner will result in currency traders being able to catch new movements backed by consistent currency strength or weakness. This forex scanner system requires no programming and is ready use after you login to our website.
Here is what the forex scanner tool looks like. This forex screener/analyzer software has a simple display and user interface, and price movement creates the scanner signals. When the scanner finds a new, consistent movement starting, it produces a flashing desktop browser tab notification like the image shown below. The browser tab notifications work on your web browser and produce a flashing red signal when new, consistent currency strength or weakness is found. Each scan signal is documented with a time and date stamp.
Example Use of The Forex Scanner
In the example above, consistent Australian Dollar (AUD) weakness was detected at 620 GMT. The AUD pairs had consistent weakness after that for about 12 hours from the Asian session into the main session. Pairs like the AUD/CHF and EUR/AUD both moved on this basis with similar chart characteristics.
When the scanner first detected the AUD weakness movement starting, the percentages on The Forex Heatmap® were low at 0.20%, but consistent, at the beginning of the movement. Then the AUD weakness continued through both forex trading sessions, including the Asian trading session and the main trading session. These are the best times to trade the forex market. The movement was finally exahusted after the main session. This type of movement of well over 100 pips allows traders to enter the trade, set stops to break even, and scale out any profitable lots. Traders can then continue to monitor the trade for more upside if they are trading in the direction of the major trends on the H4 time frame or larger.
Why Would A Trader Use A Forex Scanner
Most forex traders are lost. They trade the same pairs over and over, scalping on the smaller time frames with technical indicators. If a trader could have a tool like a forex scanner to scan 28 currency pairs and point them to the best opportunities in the market with timely real-time notifications, the success rate would rise. They would be able to use this tool daily and have a chance to make substantially more pips.
We have seen several forex market scanners or market analyzers, and we believe that this is the best forex scanner available. This is because this scanner is based on parallel and inverse analysis and currency strength trading principles, which are proven, tried and true. Forex traders now know this, and they also know that technical indicators are ineffective. Our forex scanner software is built in to our website and runs all of the time during forex market hours. The Forex Heatmap® live currency strength meter also has fully redundant backup systems. There is absolutely no programming needed by the end user.
Our forex scanner tool works for 8 currencies, 28 pairs total. It scans the USD, CAD, EUR, CHF, GBP, JPY, AUD and NZD pairs for new movements. These are the 8 most actively traded and most liquid currencies..
Besides a Forex Scanner, What Other Tools Do Traders Need
Along with a real time forex scanner, traders need a simple set of trend indicators so they can know the direction of the major trends on the pair they are considering trading. See the image of our trend indicators above. Traders also need one or more alert systems to complete their trading system. We offer all of these tools at Forexearlywarning, along with the forex market scanner.
If you are a forex trader and are looking for a real time forex market scanner that points you towards new movements in the market, the scanner/heatmap combination should work well. Precision trading and real time scanning of the forex market is now possible. Check out our forex market scanner tool as part of your Forexearlywarning.com subscription.
Here is our free forex audio book and training library for all forex traders and our clients to listen to online on their computer or mobile device for free. This audio book is in MP3 format. We have two audio books, the first book is the audio book version of our beginners course, this is eight audios.
The next group of audios is our 35 forex lessons. Reviewing these audios has been known to improve the learning curve and make it easier for traders to understand our daily trading plans, live trading signals, money management, and all of the details related to our complete trading system. These MP3s are like an audio book that is read back to you in unabridged CD quality 128 kbps.
We have illustrated articles to accompany each audio, click on these links to see the forex trading course for beginners and our forex lessons illustrated articles. Beacuse our illustrated articles are such high quality, we feel like this is the best forex trading audio book available.
Traders can follow along and view the written text and images while listening to the audio. The content of the beginners course and lessons is the same as the written articles, our online videos, and audios, but the audio library is presented for traders who prefer the audio format. Listeners can click on the 3 Dot menu on each audio to download to your computer.
Forexearlywarning will conduct a 1 hour online forex seminar and training on Tuesday, November 19th, starting at noon CST. The seminar will be conducted in our join.me webinar room that we use every Monday and Wednesday. This is a free webinar. All forex traders are welcome to attend.
What Will I Learn In This Seminar:
In this webinar, attendees will learn what it takes to become a consistently profitable forex trader, drawing on 14 years of working with part time and full time traders. There are many factors that hold traders back from being successful, we will look at these factors and offer advice and solutions to these issues traders face.
We will explore a logical, user friendly forex trading system that works. We will discuss analyzing individual currencies instead of relying on technical indicators, We will discuss how to keep you costs very low for your forex trading business, what are the personality traits of traders are that contribute to success, and all of the free resources for traders offered by Forexearlywarning. The presentation will be interactive and live questions will be accepted in the webinar room chat area. Beginner level forex trading questions are also welcome.
No Registration Is Required
To attend our forex webinar sessions click on our forex webinar room access link and the Join.me.com webinar room screen comes up and loads automatically. You can also bookmark this link for web access to the room. If you get the message “waiting for presenter” the meeting has not started yet. The webinar room room should be open and ready for attendees 10 minutes ahead of the webinar. Enter your name and click on the green “Join” button
Our online seminar facility for the presentation is provided by Join.me. This is a full featured facility with clear streaming video, audio and screen sharing. It will be an audio and visual presentation, with interaction via the chat box. The chat box for attendees is the green button on top of the screen for asking questions and interaction with the presenters.
Prepare For The Seminar
Before the seminar make sure your audio and video functions are working on your computer. The seminar will be recorded in case you are having some issues or are unable to attend.
Your Webinar Host: Mark McDonnell, Forexearlywarning.com
Mark McDonnell is the owner of Forexearlywarning.com. Forexearlywarning provides trend based trading plans, alert systems and live signals for 8 currencies and 28 pairs. Mark has an engineering background, but has worked in the financial industry for over 20 years. This includes stock trading, options trading, licensed broker and currency trader. He has designed various trader tools like The Forex Heatmap®, and his approach to forex trading is influencing and changing the forex industry.
Message from Mark: I am looking forward to explaining how to trade the forex market logically, using individual currencies, that everyone can understand.
The Forex Heatmap® Live Signaling System
A GBP/JPY trend reversal may be underway on the D1 time frame. Look for a buy signal on this pair in the main session starting tomorrow morning. You can watch The Forex Heatmap® to confirm any buys and also the live heatmap alert system. Current pricing is in the 132.00 area, overall pip potential is up to the 138.00 resistance area, noted on the chart. This is a ranging currency pair, and the chart looks like a forex reversal pattern and double bottom change of direction off of heavy support on one of the larger time frame. If you see consistent GBP strength or JPY weakness on the heatmap, this would be your confirmation to buy this pair
This video will introduce forex traders to the complete trading system from Forexearlywarning, along with an overview of the major system components. This video will explain how we prepare our daily trading plans for 28 pairs, what trend indicators we use, and show you where the resources are on how we enter trades. We will review all of our professional forex alert systems and signal systems, like The Forex Heatmap®. We will also explain our techniques for how we manage money and profits, and how to find information on our website. Forexearlywarning provides ongoing support to clients with our weekly forex webinars, along with email, phone and Skype support. The video will reference the Forexearlywarning website to answer these questions and to provide you with a guided tour.
Today in forex trading the AUD/USD had a sell signal and this pair had a selloff. The sell signal from The Forex Heatmap® is shown below. This pair is approaching support at the 0.6960 area, we would scale out lots or exit any short term sells on this pair as the AUD/USD continues down to this price.
When the AUD/USD has strong sell signal it is always because one currency is weak and the other currency is strong. Today the AUD was mostly weak and the USD has a small amount of strength on the heatmap. This is why The Forex Heatmap® is so valuable. It works for short term buy or sell trades like today, but it also works when entering trends going up or down on the larger time frames, like the H4 and larger. The heatmap is probably the most effective tool that forex traders can have access to.
In the case of trading with the trend, traders can hold onto their position and continue to profit by riding the trend. but on this particular trade we would exit as it approaches the strong upport level, so this would be more of an intraday trade or daytrade. Since the AUD/USD is not trending right now, just cycling between support and resistance, we recommend good risk management and scaling out lots. Any forex trader can trade profitably using these principles and tools, parallel and inverse analysis and currency strength are vital to the success of your forex trading program.
The EUR/NZD is in a strong downtrend on the major time frames like the W1 and MN time frames. When analyzing all of the NZD pairs, the NZD is currently strong on all pairs. Traders can set an audible price alert for a sell at 1.5030, this price is noted on the chart below. The next major support is at the 1.4250 area or lower, also noted on the charts. We also have other sell plans based on NZD strength in our daily trading plans.
To perform the analysis of the EUR/NZD we used multiple time frame analysis by individual currency, which is very powerful and revealing. The analysis revealed that the EUR/NZD was in a strong down trend based mostly on the consistent NZD strength in the market. Currently, the EUR pairs are somewhat neutral or choppy. If any EUR weakness comes into the market, perhaps after tomorrow’s EUR news drivers on the economic calendar, we expect a strong sell off on this pair. The Forex Heatmap® and live heatmap alert system will keep us apprised of any EUR weakness in the market in real time.
The EUR/NZD is a great pair for trading. This pair fairly high volatility and can be traded in both trading sessions, the Asian trading session and the main trading session. It can be traded after NZD news on the forex news calendar in the Asian session. Trading 28 pairs with trend indicators and great tools like The Forex Heatmap® forex heatmap is far superior to scalping the EUR/USD over and over with unreliable technical indicators.