The TurnSignal Indicators in Forex Markets

        •  EURUSD on a 10 Minute Chart...
        •  USDJPY on a 10 Minute Chart...
        •  GBPUSD on a 10 Minute Chart...
        •  USDCHF on a 10 Minute Chart...
 


EURUSD on a 10 Minute Chart

The EURO DOLLAR made a nice move on this 10 minute spot Forex chart. The entry came when the first long, dark price bar broke through the top Pivot Line and the exit could have been made by the Pivot Line moving to identify a new pivot high around two hours later. The TurnSignal indicator had already colored the bars green when the move began but the breakout through the pivot and the larger, green Oscillator bar indicated momentum to the upside. As an alternative, one could have stayed in the trade until TurnSignal changed the color of the bars to red to give the market a chance to move higher.

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USDJPY on a 10 Minute Chart

The US DOLLAR/JAPANESE YEN made a nice move down at around 17:00. The entry came when the TurnSignal indicator changed the color of the bars to red, the Fast Line moved below the Medium Line and the price bars moved below the Fast. Momentum picked up and the entries occurred when the price bar closed below the Pivot Line and the exit occurred when the bottom Pivot moved down to identify a new pivot low. At around 3:00 the next day, another short move presented itself in a similar manner.

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GBPUSD on a 10 Minute Chart

The BRITISH POUND made a nice move on this 10 minute spot Forex chart. The entry came when the first long, dark price bar broke through the top Pivot Line and the exit could have been made by the Pivot Line moving to identify a new pivot high around three hours later. The TurnSignal indicator had already colored the bars green when the move began but the breakout through the pivot and the larger, green Oscillator bar indicated momentum to the upside. As an alternative, one could have stayed in the trade until TurnSignal changed the color of the bars to red to give the market a chance to move higher.

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USDCHF on a 10 Minute Chart

The US DOLLAR/SWISS FRANC began to decline at around 14:00 on this 10 minute chart. The Fast Line crossed below the Medium Line and TurnSignal turned the color of the bars to red but the signal to enter short came when the price bar went below the bottom Pivot Line. One can clearly stay short in this move until the bottom pivot line moves down or, since Fast did not cross back above Medium, until the second move down by the Pivot. At this point, TurnSignal changed the color of the bars back to green to identify the exit.

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