A) Does this indicator work?
B)  How does this indicator work?
C) When Does it work best?
D) On what time frame does it work best?

The Schaff Trend Cycle helped to tweak MACD in respect to the speed at which it can alert us to potential trades, specifically the inception of trending moves. Crossing a MACD line (the difference between two exponential moving averages) through a reworked stochastic algorithm assists to calculate Schaff Trend Cycle. The cycles are usually discovered by it. The highs and lows at the frames of these “trend cycles” could be used to identify trends, and emphasize some trading opportunities- long within uptrends and short within downtrends. In sideways markets Schaff Trend Cycle is also used as the overbought/oversold indicator and this indicator usually has limits between 0 and 100.  The 25-line and 75-line mean “buy” and “sell” lines and they are expressed horizontally at 25 and 75.

I’ve come to the conclusion that when the purple line does in fact begin to decline, a down trend might be not too far in the offing, so look for sells.  When the line is flat on the bottom, look for the purple line to start to incline and usually an uptrend is formed.

This is much more effective on the 1 Hour time frame.

Schaff Trend Cycle on 15 Minute Charts

Schaff Trend Cycle 5 Minute

For more information on Schaff Trend Cycle Indicators and the strategies that might help you please visit the forum:  http://forexforums.com/forums/forex-strategies/24302-schaff-trend-cycle-its-strategies.html

This is one of the clearest trades I’ve ever entered in my life.  Here’s a few reasons why.  I’ve been taught and teaching myself over and over that if price moves very near these special areas of support and resistance AND we are far enough away from the day’s high/low, then its a good risk to take in trading in the direction of that trend triggered by price itself hitting those levels.  In this example I circle two areas where I see price hit this moving average in two separate occasions and immediately result in great trades.

If you want to talk about this trade and more like it please visit the discussion on this trade.
EURJPY LONG

What I see nowadays is advertisements in the papers and magazine and on TV for cash for gold business looking to get old gold jewelery or gold jewelry that is not wanted anymore to be exchanged for cash. This is very enticing to those families or individuals that are not working or have come under hardship. They lacking  cash flow because they lived on a paycheck to paycheck life when faced with no money will sell their gold for a lot less than what its actually worth now or in the future because they have no leverage. This is a pretty blatant attempt at robing real wealth from the everyday Americans because of the financial situation that they are in now.

This is the time to try to have as much physical gold as possible because many economist believe that gold is highly undervalued on purpose through the actions of the Federal Reserve. With the price from July 9th being 1212.70 that could put gold’s real value somewhere between 2 to 3k per ounce.  So the price can easily reach 3k an ounce within the next few years.

If you were to have invested in gold heavily when it was 150 to 200 an ounce between 1977 and 1980  around 200k dollars or 1k Thousand ounces of gold and now gold is 1212.70 an ounce look at the simple  increase over the years. Profit of $1,012,700 after the 200k investment. Compared to the dollar which hasn’t’ increased in value but has steadily declined since the inception of the Federal Reserve Bank in 1913.

Spreads and commissions are important and you should know how much its costing you. If you dont’ know the total cost of the transaction you won’t know exactly how much risk you are taking on and can not make informed decisions as such.

The reason why most regular people invest with stocks is because of the cost of purchasing cheap stocks is seemingly small but when you add up all the costs in a trade usually that trader will make frequent emotional trades each time losing money through fees and commissions.

I have been seeing the same kind of behavior in the Forex market. Primarily through the use of the spread a broker is creating this spread and essentially your being middle more than once and in turn have to pay for that through your brokers spread.

Some brokers charge a spread and a commission when they are both low its usually better than other brokers who just use their spread.

Brokers that only charge commission and no spread are usually the most official but require a larger and proper initial investment like 5k to 10k. For example #mce_temp_url#
“IB provides the best bid/offer from multiple large banks and charges a separate low commission. We do this in the interest of transparent pricing instead of marking up our quotes and charging nothing in commissions as is the practice with many forex brokers. Because quote markups at other brokers are generally much larger than our explicit low commissions, our forex customers benefit from lower forex trading costs.”

The brokers that allow you to open account with 1000 or 500 or even 1 dollar US are just allowing you to get a taste of the real market that real investors are in with FOREX by allowing you to open an account with small capital or margin and high leverage and fees and spreads you essentially getting setup to fail.

This market was not widely known by the common person 3 or 5 years ago they way it is now after the US has regulated the financial industry making it harder for savvy investors to reap high profits through leverage. I myself haven’t’ heard of Forex in any real capacity other than news and quotes more than 3.5 years ago and already the rules have changed.

What is promising for anybody that is new to this game is the micro and cents accounts that allow you to trade cents or very small lots and give you a good idea of the market without putting up much capital. I have http://www.forexmicrolot.com/ FXCM Micro which is a branch of FXCM and they allow you 1k size lots and has pretty tight spreads and allow you to open an account with $25 USD.

This automated system seems pretty decent for me I have never really tried trading with an automated setup but I am weary of that because of possible risk of capital loss. Now if I take the time to educate myself and test and try an automated setup this would be one I would definitely try. Not too mention that for the price your paying you should easily be able to make that back within a few days and still continue to make money after the software been paid for. I would be interested to hear from anybody that has already tried this expert adviser.

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