We have taken our FX Multimap and improved it, now you can see longer term multi currency trends and have it take up 1/8th of an inch on the charts. In this GBP/USD example notice the FX Multimap 720 and 4320 on the bottom of the charts. This tool shows 1/2 day and 3 day trends using our Multimap tool.
Our 4 hour Statistical low had a buy at 4:40am EST and 1.9700 and the market went up 50 pips in about an hour and a half. You would sell at the 4 hour stat high at 1.9750 and it fell 30 pips in about an hour. Note for short term traders the 720 min FX Multimap is a great trend tool. It was dark green here so we could not expect to make huge profits shorting, but 30 is great nonetheless.
Notice at around 1pm EST the 4 hour stat high gets hit but the FX Multimap and 3 day Multimap are DARK GREEN!
This shows VERY STRONG trends so you need to be careful shorting and should probably pass on shorting avg 4 hour high at 1.9765. The new Multimap tools prevented us from taking a trade that would have gone 15 pips against us and possibly stopped us out!
Please view our Hypothetical Results Disclosure and LeverageFX Disclosures