Most of our group use a 50 tick chart. We also look at multiple time frame trends and primarily trade with the trend until it moves statistically too much (we have a stat tool that tells you this) and then look for divergence in our trend tool for counter trend trades. I only posted a 5 min chart for this video example because so many people use it.

Hehe.. for every trading method there is a chart situation which will fit and is excellent in being an example. In this case fibonacci retracement. Have seen a lot which were perfectly matching for RSI, CCI and so on. The question is which will really work in the future and not in the past. but 60 to 75 is a realistic statement and everboy needs to find out what he should use. So well explained athough!! Thx and Greetz from Germany.

Very good explanation! thank you!

What kind of broker I need?

Nice video. Your software works with MetaTrader4, correct?

Our software works with eSignal data and we’re adding another data feed soon. Our traders mostly DO use Meta Trader to enter their orders. It’s been a long time since I’ve posted to You Tube and our techniques have improved dramatically.

For instance, we now have a way to scan to see which currencies to buy and which to sell. Our FX Multimap trend allows you to sort and watch the STRONGEST trending and auto link them to charts even.

We work with FXDD, FXCM, and FX Solutions. We are adding another data feed that costs less than eSignal and thus we will be adding MANY other brokers in the future. We give our software FREE to those who trade with us through our brokers. We also have a 24 hour FREE chat room for all of our traders. We trade as a team!

This is a TRUE comment! Any BS indicator out there has times where it works. Even a broken clock is right twice a day! I bet though if you ask any profitable trader if they believe in Fibonacci retracements and especially Fibonacci profit targets they will say they do and almost all will USE it. The hard part about Fibonacci levels is WHICH to use? We draw trendlines over/under the counter trend swing to know EACTLY WHEN to get in and thus fewer and smaller losses and higher win %

these forex trading software is making it easier to make money..definately worth a try if you want to start trading.

good video!

Good explanation!