4Xlounge Round Table – Managed Account Update
We continue to work towards a managed account solution for our Pro Members. The process has taken much longer than expected. Much of the process is out of our hands. We make a few requests, fill out some forms and then wait. The process is very laborious, but necessary. We are working with a few brokers trying to provide the best options for our managed account.
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4Xlounge Round Table – AUDUSD Ready to Turn
The recent sustained AUD sell-off has over-extended many of the AUD pairs. The AUD is currently at the bottom of a very large sideways channel. This should set up some nice trading opportunities. Our favorite setup is the AUDUSD. The AUDUSD is showing signs of a possible turn in the very near future. Our 4Xlounge Market Barometers provide more data than a standard price chart. Let's take a closer look.
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4Xlounge Round Table – Live Web Charts Alerts (setup)
We tend to add new features faster then our members can keep up, so... this post will is the first of many to explain some of our latest and greatest features/tools. We will add new instuctional posts once or twice each week. Based on the emails that we get, our most popular subject is our new Live Web Charts alerts. Many of our Pro Members did not know that they had access to this feature. All of our 4Xlounge Pro Members can receive real-time trading alerts from our Live Web Charts via email and/or Twitter. This includes alerts for our Market Barometers, Power Bars, X Trend, X System and our Round Table.
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4Xlounge Round Table – JPY Reversals (Coming Soon)
All of the JPy crosses have make massive moves to the upside over the past few weeks. The X Meter Daily data is currently showing 2 JPY pairs as "over-extended". This is extremely rare. Our Bigger Picture Market Barometer can help us pin-point the turn. The Bigger Picture Barometer is already showing signs of a consolidation.
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4Xlounge Round Table – Market Barometers (Scale)
Understanding our Market Barometers - Our Market Barometers, in addition to providing valuable trend data, can also spot key turning points or break-out levels in the market. Understanding the relationship between the various Market Barometers is critical. Once you can get your head around the concept of "trends within trends", our Market Barometers will provide some critical market data. Whenever you see a Market Barometer with all 8 lines in between the 55 and 45, you know that the market is about to make a very large move.
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4Xlounge Round Table – Traders Desktop (Major Upgrades)
We recently updated our 4Xlounge Traders Desktop software. We combined our Market Barometer Console and Traders Desktop software. Now you can access all of the tools from a single interface. In addition to adding the Market Barometer Console apps and components, we also added full versions of our of our software (i.e. not just single components). All of our 4Xlounge Pro Membership tools and software are now available via the Traders Desktop engine.
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4Xlounge Round Table – GBPUSD (2012 Forecast)
As we look ahead into 2012, the GBPUSD will be the focus for many traders. When chosing between the EURUSD and GBPUSD, the GBPUSD should provide a "cleaner" trade. The Pound Sterling (GBP) is seen as a safe haven currency at the moment. Along with the CHF and USD, the GBP has enjoyed significant upward momentum over the past year. However, this has recently changed. As confidence in the USD grows, interest in the GBP begins to enervate. This should produce gradual declines for the GPBUSD over the coming year.
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4Xlounge Round Table – Forex Scalping (A Quick Guide)
We released our first version of X Scalper in 2008. Now we offer more than a dozen dedicated scalping tools and systems. The interest in scalping continues. Is scalping the easiest form of trading "for new traders" to learn? Forex Scalping can generate 100's of trades per week (even per day). I believe that scalping provides the same level of learning at a lower cost and higher repetition. That's a win - win for scalpers.
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4Xlounge Round Table – EURUSD (2012 Forecast)
We get more emails and forecast requests for the EURUSD than any other currency pair (by a very large margin). Most of the large hedge funds want/need to know where this pair is headed. The all want a long term EURUSD trade signal. The EURUSD controls about 30% of all forex liquidty. Bottom line; as the EURUSD moves, so does the rest of the market. We (The Round Table Team) called a long term decline in the EURUSD a few months ago and we are holding to our forecast.
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4Xlounge Round Table – USD Double Bottom
The recent USD sell-off generated a double bottom on our Long Term Barometer. This should result in a strong USD consolidation over the next couple of trading sessions. We have the Dow and extra confirmation. The Dow is currently over-extended to the upside. Keep your leverage at recommended levels and follow the rules of entry for each system.
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