For counter-trend scalping I’m using the 4X EDGE’s flagship tool called Short Term Currency Barometer. For other types of trading, you can use Med, Long, Big Picture and Bigger Picture Currency Barometer. They all work the same only the timeframe is different.
The Currency Barometer shows you a relative strength of a currency, extrapolated from the “market behavior” of all currency pairs bearing that particular currency. This, in turn, allows you to:
• compare the relative strength of all currencies on the market
• spot the overextension of a particular currency
• find the best currency pair for trading based on the overextension level
• create an exit strategy for open trades based on currency strength
****TO GET 30% OFF YOUR 4X EDGE SUBSCRIPTION, go to my blog http://www.get4Xedge.com
