GET THE CURRENCY STRENGTH METER

Joined : 19 Mar 2008 Posts : 8 Location : ENUGU, NIGERIA

Hello forex traders and aspiring forex traders out there!!! Have you been one of those seriously battered by the forex market? Have you lost your entire account time and time again and probably lost other people’s money with yours. Have you been relegated to the 95% loosing division?

Well its time to put those loosing days behind you. Because the truth is not that you’re not a good trader but that you don’t have a proper view of the markets real time, courtesy of your broker. So I would like to introduce use this opportunity to introduce to you a brand new tool….

THE CURRENCY STRENGTH METER

The currency meter is an excel tool that looks at all pairs and uses various weighting calculations to find out how, relative to the others, a particular currency is doing. It measures eight individual currency strengths by making comparisons with how that currency interacts with others. Strength or weakness is not clear using one chart. In order for you to figure out if the currency is strong, you have to open other charts and see if it shows strength against other currencies. The currency meter tells you at a glance which currencies are moving and which charts you should open to take a look. The meter takes a free data feed from a typical METATRADER interbank broker and shows us in real time which currency is most active. It moves all the time the market is moving. Sometimes very fast, and other times quite slowly. The meter allows us to narrow down a pair of currencies to trade. Once you begin using strengths and weakness as your guide, the market begins to make sense. Your objective is to purchase a currency that is strengthening (going up in price) and purchase it with a currency that is expected to weaken. The currency meter allows a foreign exchange trader to see strengths and weakness.

The currency meter is so simple to use. Yet it’s extremely powerful. It does all the work for you; all you have to do is make a quick match of any one of 7 different currencies. And even then, it’s pointed out which ones are strong or weak. Armed with this new breakthrough in trading technology, you’ll easily anticipate which combinations of currencies are going to move where, allowing you to swoop in and capture huge moves.

The currency strength meter :

Covers all major currencies
It works on demos and live accounts.
Works with all Microsoft operating systems

Can you imagine the satisfaction and pride you’ll feel when you complete a series of winning trades? When word gets out to your family and friends that you’ve conquered this pinnacle of trading, your life is never going to be the same! Your friends will ask you for investment tips. They will be flocking around you, because they’ll view you as a knowledgeable expert. Even your boss, if he’s still around, may ask you for money advice. You’ll enjoy higher levels of self-confidence, and quite possibly a stunning increase in your income too. When your number of winning trades increases dramatically, so does your ability to rapidly grow your wealth.

So forget all these adverts for businesses that are better than the forex market like spread betting, fixed odds trading; the truth is that all this businesses depend on the existence of the forex market. If you can’t make it in forex then you can’t make it in those. With the Currency Strength Meter to guide you, you’ll quickly hone in on real trades with laser accuracy.

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Joined : 19 Mar 2008 Posts : 8 Location : ENUGU, NIGERIA

This first pic shows the first page of the currency meter called the strength form. Here you can see all the currencies supported by the meter at the topmost level. The second row contains the pip range i.e distance between the currency pair's high and low for the day. The third row shows the relative strength of the currencies . It clearly shows which currency is strong and and which is weak between any pair. The last row shows the isolated currencies and their wiegthed strength or weakness. All u have to do is to match a strong currency to a weak one for a buy trade or a weak to a strong one for sell trades.

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can't seem to attach the pics.. Sad

anybody got tips on attaching images here Idea

Joined : 19 Mar 2008 Posts : 8 Location : ENUGU, NIGERIA

Here it is Very Happy

Joined : 19 Mar 2008 Posts : 8 Location : ENUGU, NIGERIA

Here's d second pic, which shows the page with the charts called rubber bands. This chart mainly shows you the overbought and oversold conditions of each of the currencies. When the currency starts trending towards the center of the chart it shows the currency is tending to oversold regions and sooner or late will snap back as the law of elasticities states. Also when the currency starts toward the outer peaks of the chart it means the currency is moving into overbought territory and is nearing the end of its move. This is good for pipointing reversals.

Joined : 19 Mar 2008 Posts : 8 Location : ENUGU, NIGERIA

The third pic shows the weightings of each currency graphically;i.e. by looking at the chart/graph you can visually pinpoint the strongest currencies and the weakest ones. On this chart you can clearly see that chf is the weakest currency while the GBP is the strongest followed by the AUD