Forex Time Cycle Monitor ExplainedBy on 2010 Sep 22 Wed 14:25:51
Forex Time Cycle is one of many unique tools we have created for use with forex trading.
First, take a look at an example of the time cycle table.
Each cell provides you with 2 turning points based on the hourly chart of the pair labelled at the top of the cell. The turning points are reported in GMT.
For example, a bottom projected at 10/11 10P (as taken from the EUR/USD pair) means that short term cyclical behaviour in EUR/USD is likely to strengthen up on Oct 11 10 pm GMT. In Eastern Time, that is Oct 11 5 pm.
By looking into all possible combinations of time cycles in the near term, the strongest cycle can be identified that, should one choose to blindly follow the turns of the particular cycle, one can outperform all other purely time based cycles.
Such method works alright for a single pair given proper money management is applied.
When the concept is applied across many pairs, however, something much more useful is discovered.
When a particular currency is found to turn stronger (or weaker) against multiple currencies within a short time window, the probability of a strong directional move increase significantly. This makes the Forex Time Cycle a great complimentary tool for any primary trading signals one employed.
Beyond Time Cycle
If you are interested in more powerful cycle analysis, our proprietary Intraday Cycle Projection and Weekly Cycle Projection will be of interest to you. They are provided as part of our premium membership and you can access the projections easily by clicking one of the supported forex pairs on the left-hand side of this page.
Check out the previous projections yourself. You may find the best trading tools you have been looking for all along.