Forex Trading Signals with Range Charts and Market Profile Technology
Range Charts with Forex SignalsRange Charts are not TIME based but PIP based and when price MOVES X pips there is a new bar. They are extremely useful because they get rid of much of the market's NOISE and have frequent repeatable patterns.
The chart below is our 5R (5 Pips Per Bar Forex Range Chart of the EUR/USD). On it we show the previous 4 Hour's Upper and Lower Value Areas and the POC (Point of Control) which is the most important.
Combining the Range Bars repeatable patterns, Swing and Fibonacci Analysis with our Market Profile Technology (On MULTIPLE other time frames) you can see Buy & Sell Signals at these key Support & Resistance areas!
What this means for you the trader is you can watch ONE chart and JUST PUT ON OUR FOREX SIGNALS!
Our Forex Signals have over 150 different types of trades and this is just one of them. If you do not wish to see the Market Profile Levels you do not have to! Add only the indicators that improve your trading while KNOWING that other important indicators are being used behind the scenes in our Forex Trading Signals!
Forex Market ProfilesMarket Profile Charts are very useful and very few Forex charting platforms have them and even fewer traders have any clue how to use them.
The profile SHOWS where traders have their positions and shows the PRICE most traded called the POC (Point of Control).
It also shows where price spent most of its time during that time frame with the Upper and Lower Value Areas. The top line is the Upper Value Area and bottom one is Lower Value Area. These also act as Support & Resistance - especially on longer time frames such as Daily and Weekly.
This is REAL Support & Resistance unlike Moving Averages, Fibonacci, Pivot Points and others which work because everybody uses them. Market Profile Support & Resistance works because these are areas traders have actually PLACED TRADES AT and they often defend those areas with more buying/selling. We also believe through our decade+ experience watching and trading that stops are places around these areas as well and when broken large trends often develop.
Watch this video for more detailed information on our Forex Signals using Range Bar Charting and other ways of using Market Profile Technology to find High Probability Trades!