Five cool ways to use the FXMCSM

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Five cool ways to use the FXMCSM

Let’s talk about five cool ways to use the FXMCSM FX Multi Currency Strength Meter and here are a few ideas to get you going. Lets start with the simple ones first when one currency is very strong, and another is weak, this is a great pair to check out on your charts, here you are using the FX Multi Currency Strength Meter to filter out pairs and to highlight the pair with the lowest risk, when they are at their extremes.

The second way is to use the FX Multi Currency Strength Meter to identify currencies that are crossing in the middle; one is rising, and the other is falling. The third way to use the FX Multi Currency Strength Meter is when the trend is underway where you can catch some of the moves.

These three simple ways are good methods to highlight real trades using the FX Multi Currency Strength Meter, the first two gets you in early, the last gets you in a little later. No think about this for a moment, if the FX Multi Currency Strength Meter is good enough to get you in, then it’s good enough to get you out too. Makes sense when you think about it, suppose you buy the Euro when its at the bottom, and sell the Dollar when its at the top, so you’re long with the EURUSD, time passes and the Euro is now at the top and the Dollar is at the bottom, what’s the FX Multi Currency Strength Meter telling us now… yes you’ve guessed it, it’s time to exit the trade, its just so simple.

Here’s another way to use it in multiple timeframes, after all if the currency is rising in a series of timeframes, then you’re going to be trading with the longer term trend of that currency, its common sense really and that means one thing, the risk on the trade is ultra low as you are trading with the trend across the timeframes, you’re trading with the flow, you’re swimming with the tide and not against it, riding a big wave, not a small one.

Lastly here’s another way which is often forgotten, the FX Multi Currency Strength Meter will keep you out of crowded markets, these are dangerous places, and the FX Multi Currency Strength Meter will give you a BIG red flag signal NOT to trade… WOW and all from one piece of software, but there’s more it even makes tea! No, it doesn’t know I’m only kidding, trust me.

Finally, when two currencies in parallel are rising or falling together, then that currency pair is probably moving sideways and waiting for some news, therefore, another great STAY OUT signal for the pair.

FACT: The FXMCSM calculates price data from MT4, 6720 times per minute from the 28 currency pairs, which is the same as saying it does a staggering 9,676,800 currency calculations each day.

If you need proof of just how good the FX Multi Currency Strength Meter and/or the FX Gold Silver Commodities Strength Meter really is, then we suggest that you download the Limited Editions, get them connected to your broker’s MetaTrader 4 charts, and take a low-cost annual subscription, by clicking on the ‘Buying Options’ menu link above.

Five cool ways to use the FXMCSM

FX Multi Currency Strength Meter

The FXMCSM indicator applications are probably the best and most accurate tools you will ever need to determine when the time is right for making a profitable trade.

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