MTI Analyst Articles

Forex Technical

If you fail to plan...YOU PLAN TO FAIL!

February 1, 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

 

• The 2 biggest factors to determine a traders success or failure are can they deal with 2 solitary emotions that can make or break them. Fear and Greed! With utilizing the grade your trade checklists located on our www.mtifxadvisor.com website traders can take on the markets with no emotions attached by creating procedure. This is done by analyzing the market as we did in the chart to your right and following the step by step guide to trading successfully and most of all by the rules. If you fail to plan…YOU PLAN TO FAIL! It’s that simple.

.

Want to learn more about this strategy?

Chart Analysis

 

• On this chart here to your right you can plainly see the GBP/USD trending bullish and in the buy zone range of our swing. Through technical analysis you can see spatially that the candles position would be ideal to buy up until the market completes its Fibonacci extension run. In order to take advantage of this trend we would wait for bullish candlestick formations to enter in the direction of the trend until again the Fibonacci extension is completed which in turn we would then expect bearish pullbacks.

 

Want to learn more about this strategy?

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.