DislikedCAD/JPY Buy breakout of 80.00 and sell 80.50 to 80.73, sell breakdown of 79.00Ignored
The more I believe in a level then I'll set audio and cell phone alerts to wakeup and take trade but this one I didn't feel the risk/reward was there to justify waking up for.
In my opinion no forex tool is as good as their FX Power Index when applied to the candle color. The darker GREEN the more likely market is to go up additional 20 to 30 pips and dark RED means it will likely fall 20-30 pips minimum. It has really helped me catch bigger wins and avoid some losing trades. You can see in this chart at 11:30 trend candles go from dark green to white and thus uptrend is over and then watch the fall!
I could trade just with this tool on 2 min or 50 tick charts.