MTI Analyst Articles

Forex Technical

High percentage and High probability trading

January 27, 2010

 

Jose Tormos - FXMVP

MTI 4.0 Charting on Demand serves as an all-in-one Forex charting platform and analysis tool that gives Forex traders the same accurate and reliable Forex charting tools that the pros use.

Chart Analysis

 

• On this chart here to your right you can plainly see the USD/CHF trending bullish and currently in the buy zone of the 10 minute time frame. Through technical analysis you can see spatially that the candles are now in the buy zone and a bull position would be ideal up until the market completes its Fibonacci extension run. In order to take advantage of this trend we would go to a grade your trade checklist which can determine the percentage and probability of the overall outcome by determining the convergences.

 

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Chart Analysis

 

• On this chart here to your right you can see the entry which was an engulfing bullish candle in the direction of the bulls and also as the currency was in the buy zone. By trading with rules and developing your spatial intelligence on a daily basis your win to loss ratio will improve and trading with emotions will be a thing of the past as your new strategy will be to trade with procedure.

 

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Analysis

Here at MTI we pride ourselves on our flagship trading software, MTI 4.0. It features easy to use drawing tools, technical indicators and charting capabilities. In this article we explain how forex technical analysis works by providing informative articles on the most popular and widely used forex technical indicators and chart reading basics. Traders are welcome to read on about our examples of how these technical indicators generate trading signals, examples of some trading strategies, and also explain the information that can be observed through spatial intelligence about the conditions of the market at any given moment.

 

All of the analysis is done using the MTI 4.0 charting software, practice these, and other great strategies for FREE, by downloading a 14 day trial of MTI 4.0 charting.