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The TurnSignal Indicators in Forex Markets
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EURUSD on a 10 Minute Chart...
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USDJPY on a 10 Minute Chart...
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GBPUSD on a 10 Minute Chart...
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USDCHF on a 10 Minute Chart...
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EURUSD on a 10 Minute Chart
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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
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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
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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
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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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