Enter your email address to get the latest news, updates, and exclusive advice from the experts. Here’s why. Currency markets are influenced by macro economic events, and move differently than any other asset. EUR = 2115. Using the CSM only takes as little as 3 minutes a day to plan your trades. CLICK HERE to visit the PRO CSM page to purchase for $147. I always match a green with a red on the Currency Strength Meter. Here’s a short 2 min intro video to show you why I think it’s important to learn how to use a CSM: Imagine you could know which currency is moving the strongest at the moment? We know that it’s the difference in strength between currencies that creates movement that is required to make money in the currency markets, BUT it is incredibly difficult to scan through price charts and determine which currencies are the best to pair with one another (by looking at pair charts, you don’t actually know which currencies are truly gaining value because it is all relative). The CSM works with tick data and changes all the time, it may not be very accurate in backtests, but if you just want to see where the market is at in any given point of time, it gives a clear immediate picture. A Forex Currency Strength Meter looks at all the common currency pairs and evaluates the strength/weakness level for each of the 8 individual major currencies, in real time. You can use the CSM template as a stand-alone trading system, OR, you can use the CSM indicator without the template, with any other trading system that you like. Stochastics? Just so you know where I came from, I "was" an e-mini trader for about four years, and lost my shirt+. What is a Currency Strength Meter? Imagine you could know which currency is moving the strongest at the moment? "NZD",
Like they say, “The rich get richer and the poor get poorer.” As like that in trading, strong currency moves more stronger and becomes strongest and the weak currency goes weaker and weakest. $69.00 . Don’t worry, it’s much easier than you think! You will be given access to our exclusive one-way Telegram channel that automatically posts minute-by-minute snapshots of major currencies and their relative strength.

Please see notes below for further details. Now what if you could also know the weakest currency at the same time? The real conundrum here is that if the EUR/USD is only rising because the Euro is gaining value, for instance, then if the Euro quits gaining value the pair will quit rising; whereas, if the EUR/USD is rising because the Euro is gaining value and the USD is losing value, the Euro could lose strength but the pair could continue to rise solely on the USD continuing to remain weak. "USD",
With advanced currency meter, you can easily ascertain the strength of a trend even if you are a novice. To keep abreast of red economic news events that can drastically affect the readings of the CSM values, please always watch the Forex Factory Calendar: https://www.forexfactory.com/calendar.php.

Currency strengths (Updates every after (60) seconds) AUD = 2813 . By using the CSM, you can find the pairs that are still trending strongly but in a pullback… I teach how to find the pullbacks and trade the retracements when the trend resumes. We can see what are the strong currencies — the USD is green so it's strong, same for the JPY. Normally, the CSM INDICATOR alone is sold for $47 and the TRADE BUTTON alone is sold for $97, and neither of these come with a template loaded with some of my favorite indicators… you can buy the Basic CSM template for $77 which has some of my favorite indicators but NOT the new Trade Button Trade Manager….but if you order the PRO CSM template now you get EVERYTHING, including the trading template loaded with all of my favorite indicators, PLUS the NEW Trade Button Trade Manager,  for only $147….YOU GET EVERYTHING!

We sell the weaker currency (AUD) and buy the stronger currency (USD), but as a pair….so the CSM helps us see this. Go to this page and see our examples ». Adam Khoo Also, it’s important to use your trading system to look at the major monthly, weekly and daily trends, to see if the trend is long term or short term…it’s important to know this. For example, if one currency is very strong, and another suddenly turns weaker, you may find a trading opportunity.

Ability to identify the strength of the trend and answer the basic question. For example, if one currency is very strong, and another suddenly turns weaker, you …

I use your Breakout Simple System and LOVE LOVE it!! Of course, one word of warning, as with everything Forex, there is no absolute.
In the picture above, the GBP is a weak yellow at 2.0 and the CAD is a strong orange at 5.7, so the GbpCad is selling off, the trend is down for this pair. There are four main trading applications for a CSM: It doesn’t matter what time frame you put the meter on because it’s not reacting to the time frame, it’s reacting to the. (Tesla Stock Analysis), Is Amazon a Good Stock to Buy? Sure, let me show you a couple taken right now. Also the AudUsd pair is being sold because the AUD is a very weak blue 1.8 versus a very strong USD red 7.0. If you are interested in trading with any of my other color coded MT4 trading systems, please visit my main website: If you have questions or need support, you can reach Cynthia here: currency.strength.meter.assist @ gmail.com.

Ideally one should always trade the strongest currency against the weakest currency. If one currency moves heavily on the positive side and the other moves on the negative side. Currency strength meter shows the strength and weakness of all individual currencies so that you can focus on the currency pairs which have high breakout potential compared to others. I will be using it on the 5 min and 1 hour Binary Options.

© 2019- GoMarketWatch. It is the relative currency value difference that helps.

There's no perfect timeframe as different traders like to trade on different timeframes. Calculations are performed on 28 Forex pairs to determine the overall strength of each currency. Buy weakest currencies against strongest currencies (reversing weak momentum, otherwise known as reversal trading, not advised for new traders). I also like the enhancements to the template, especially the new trade buttons, which now allow pending orders. You can’t just use the CSM all by itself, you have to use other indicators. I suggest using things like RSI, MACD, trend lines, channels, fibonacci retracements, support and resistance zones, etc., in order to enhance the timing of your entry when matching up the currencies. CLICK HERE to visit the Basic CSM page to purchase the basic CSM template for $77. It helps scalpers looking for strength trend. When you combine the Currency Strength Meter with price action trading, it becomes a very powerful forex strategy to achieve high returns and win rate in your trading.

THIS NEW TRADE BUTTON COMBINES THE FUNCTIONS OF ORDER PLACEMENT AND TRADE MANAGEMENT, WITH JUST ONE CLICK. Again, always buy the green currencies and sell the red currencies. Buy the stronger currency, Sell the weaker currency, as a pair.

It is useful as a quick guide to which currencies you might want to trade, and which might be worth staying away from. "EUR",
Is Tesla Stock a Good Buy? Buy strongest currencies against weakest currencies  (long momentum trades), 2. The strength and weakness of currency could be as a result of short-term demand and supply but can be caused by the economic announcement. Whenever a currency pair is trending, an arrow is displayed to indicate the trend direction. These strengths or weaknesses could be a result of short-term demand and supply but can also be caused by economic announcement results.

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