SintesiFX is an indicator offering a “synthetic view” of the 8 major currencies: USD, EUR, GBP, JPY, CHF, CAD, AUD, NZD. You can choose the currency you want to focus on, just selecting it in the input parameters. Have you ever traded one currency pair like EURUSD while at the same time keeping an eye on what happens on other major pairs like GBPUSD, USDJPY, AUDUSD? You surely have noticed that the price movements on all pairs have some correlation, and if a breakout or a reversal on one pair is not followed by a similar breakout/reversal on the other pairs then in most cases you are seeing a false breakout or a false reversal. That typical “false move” that is just enough for triggering the stop loss of many inexperienced traders before the price resumes its “true” direction. If you have traded for any length of time you surely know what I’m talking about, and you surely have experienced the bad feeling of having being caught in a classic “trap”. Now imagine you can easily look at your EURUSD chart with an indicator that tells you the “true story” about what’s happening on the other most important pairs related to EURUSD. An indicator that offers a realtime “synthetic view” of how money is flowing for EUR or for USD on the major currency pairs (EURUSD included). This indicator is “SintesiFX“. Once you compare the price movement of EURUSD with the synthetic price movement displayed by SintesiFX you can realize soon how many “traps” are laid down before you. If you see a price movement on EURUSD that is not followed by a similar price movement on SintesiFX then beware because you may be tempted to enter a trade “with the trend” just when that trend is about to finish and reverse. As an example you notice an “higher high” pattern on EURUSD and you think it is the right time for playing a breakout trade. On the contrary SintesiFX tells you another story because a “lower high” is underway. In this case a reversal is very probable, not a breakout! More about SintesiFX at: pimpmyea/sintesifx
Posted on: Thu, 13 Jun 2013 14:56:41 +0000
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