Another example – proving the interchangeability of trading systems between different products –  which is much closer to the technical trend analysts is the principle of pattern trading. Triangles, double tops, wedges, head-and-shoulders and so an can be formed in the chart of any instruments and a break out from these patterns signal entry points for a bunch of technical traders. I would like to emphasize here that this logic is likely to make more sense for the shorter-term trades. Although, If your forex trading system is capable of being used in commodity or other instrument trading then you can make a good use of the very same strategy with a completely different instrument.

The idea behind the Stealth Forex Trading System is exactly what I have just mentioned. The system focuses on the different technical trade set-up and give a razor sharp entry point for the trade. Your chose graph may belong to the EURUSD, to USDJPY, to gold, silver, copper or oil the price of this instrument is likely to move in the direction what was triggered by a given technical sign.

This is what I like about technical analysis. It is almost completely independent of the instrument behind; a good forex trading system is all about trends, reversal patterns and break out’s. If you stick to this logic and spice it up with a bit of guidelines from money management strategies and add some mathematical calculations to it than you will surely increase your chances to make profit at the end of the day.