“Which Forex pair and time frame is best to trade” is the frequently asked question and I want do give you a DEFINITE ANSWER.
Are you expecting that I am going to say something like EUR/USD on 5-minute time frame or GBP/USD on daily…? No, it is not so simple, but SIMPLE ENOUGH we can figure it out!
The “PROBLEM” is that markets change over time. If GBP/USD was a well trending currency pair a few years ago, today it is another one.
I actually want to let you know about a SPECIAL TOOL that I use to find the BEST TRENDING PAIRS among all the Forex pairs.
The software scans 34 Forex pairs on all time frames from minute to monthly. This way you pick the best trending pair and time frame at the current time.
The system is running on the powerful computers of Forex Trendy, so you have nothing to download and install. Just join in and start using it within a FEW MINUTES!
Automated chart pattern recognition tool – Forex Trendy
Drawing trend lines is one of the few easy techniques that really WORK. Prices respect a trend line, or break through it resulting in a massive move. Drawing good trend lines is the MOST REWARDING skill.
The problem is, as you may have already experienced, too many false breakouts. You see trend lines everywhere, however not all trend lines should be considered. You have to distinguish between STRONG and WEAK trend lines.
One good guideline is that a strong trend line should have AT LEAST THREE touching points. Trend lines with more than four touching points are MONSTER trend lines and you should be always prepared for the massive breakout!
The Forex Trendy sophisticated software automatically draws only the strongest trend lines and recognizes the most reliable chart patterns formed by trend lines…
Chart patterns such as “Triangles, Flags and Wedges” are price formations that will provide you with consistent profits.
Before the age of computing power, the professionals used to analyze every single chart to search for chart patterns. This kind of analysis was very time consuming, but it was worth it. Now it’s time to use powerful dedicated computers that will do the job for you:
Click on the banner below to get the intelligent software solution with audible alerts and receive more super tips about trading chart patterns!
FAQ about Forex Trendy
There are many questions about the cool “Forex Trendy” software. Here are the answers to the most frequent questions:
Q: Which platform to use with this software?
A: You can use any trading platform! Yes, you can use MetaTrader 4, MetaTrader 5, TradeStation, NinjaTrader… because the software runs on dedicated computers and you only need a web browser to get the instant result online.
Q: How many currency pairs does Forex Trendy scan?
A: It scans 34 Forex pairs on 9 time frames from 1-minute to monthly. Together 34 pairs x 9 time frames = 306 charts.
Q: What method is used to determine the trend?
A: The trend reliability is determined by the “Trend Drawdown” – a method that uses no indicators, but pure price action. This method is explained in the ebook you will get with your subscription.
Q: Which configuration do I need?
A: Use the latest version of any major web browser (Internet Explorer, Firefox, Chrome, Safari, Opera…)
Q: Does it work on mobile devices?
A: Yes, it has been tested on several mobile devices and browsers.
See what these successful traders have to say about Forex Trendy –
“I really like your idea of taking only the best trending pair and even time frame. I am very impressed with such a simple and effective approach. I am not a tech guy and I am amazed how it works online without anything to install… I just log in two times a day and check for any interesting pairs.”
Stephen Ross, NY
“I use this software every day together with my own system and two EAs. I execute trades only when trend drawdown is below 15% so I decreased the trade frequency, but I got two times better results. I am also interested in pattern recognition, I haven’t tried it yet, but it looks amazing!”
Julien Labonne, Florida, USA
“I would highly recommend this service to anyone serious about forex trading. Another one that gives back much more than he receives. The real value for such a low price is rare in the forex industry.”