Forex Blog

In this video we will use one group of currency pairs to show traders how to build a sample forex trading plan for any pair in that group. These principles for building a trading plan work for any group of pairs with one common currency. Our example will be for the Japanese Yen (JPY) pairs. To prepare a trading plan for the JPY pairs you would drill down the charts using multiple time frame analysis.  The AUD/JPY NZD/JPY, CAD/JPY, EUR/JPY, etc., all 7 JPY pairs total. In this example the long term trends on the higher time frames are all pointing down, and the H4 and D1 time frames are reversing back down into the trend, so the charts show that JPY is strong and that the JPY pairs are dropping. Our trading plans for this day reflect the JPY strength.

We prepared written trading plans for various JPY pairs along with the price alert points for traders to set audible alerts to detect the movement to the downside. When the price alerts start to hit in the Asian session the JPY pairs are in an obvious sell off and our currency alert system also shows the sell off. This is a very safe way to trade the forex and this method works for all 8 groups of currency pairs we trade, i.e., USD pairs, CHF pairs, NZD pairs, etc., for a total of 28 pairs. Use the techniques in this video to prepare a sample forex trading plan for any group of pairs until you get more practice.

This video will show traders how to set up metatrader profiles for easy analysis of individual currencies. This will enable traders to group pairs by individual currency, following the principles of parallel inverse analysis. Setting up a metatrader profile for individual currencies mimics The Forex Heatmap® and our market analysis spreadsheet. You can set up each currency group of 7 pairs in one MT4 profile, set up one profile for the USD pairs, one profile for the JPY pairs, one profile for the AUD pairs, etc. Then you can access each metatrader profiles template quickly with one mouse click for analyzing an individual currency across 7 pairs. Setting your trend indicators up this way allows you to see the market movements if a particular currency is consistently strong or weak. If the Euro is strong, for example, you can see at a glance if all of the EUR pairs are moving higher. Following the logic of the market is easier with this setup. This is the best MT4 chart template available to forex traders, because you will always know why a group of pairs is moving up or down.

This video will show forex traders how to set audible forex price alerts on the metatrader charting platform.  This will allow traders to monitor any currency pair for price breakouts or trend continuations after consolidation phases. First, a trader should locate a trend on the larger time frames for a trend continuations or breakout point.  Then you locate the breakout point on the short term support or resistance levels on the smaller time frames, like the M5 and M15 time frame.

Next, traders can set an audible forex price alert at the short term levels to intercept the next price movement. Then the video will illustrate the mechanics of setting the price alerts for any pair. When the price in the alert is hit, the audible alert will notify you of the price breach on your desktop, and it can also be delivered by email to your email box or mobile device. Then you can check The Forex Heatmap® to verify the trade entry. This is one of our alert systems, we have several forex alert systems so you always know when the forex market is moving.