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The
flash point Forex indicator is a name I had heard a few times and
many traders have asked me to take a look at it as its supposed to be
- one of the best indicators for better market timing but guess what?
I was surprised, when I searched Google to find I couldn't find much
about it at all, so I looked around and tried to find out more about
this market timing indicator.
So
what is the flash point indicator and how can it help, Forex traders
make bigger profits?
Forex
information on the Flashpoint Indicator – the Search
I
came across a comment in a Forex forum from a trader, asking for more
information about the flashpoint indicator and he said - it looked a lot like the stochastic
momentum indicator which was developed by George Lane back in the
1950s and could anyone help? But he got no help at all - so I decided to hunt around for more info.
Is
it the Stochastic?
I
saw a graph of it, on a a sales site claiming 90% accuracy ETC and it
looked just like the stochastic to me ( which I view as one of the
best momentum indicators of all time and use it frequently) and
hunting around a bit more I found a sales letter which stated:
“This
63-Year-Old Market Timing Secret Could Make You Rich
How
the "Flash Point" Indicator Could Help You Turn Every $400
into $4,050 By May 30, 201”
I
read the copy a bit more and found a reference to the stochastic:
“But
then...I had a chance encounter with a little-known medical doctor,
George Lane.
I'm
not surprised if you haven't heard of him”.
I am
not sure I agree with the above, anyone in Forex trading and trading
via technical analysis, will probably have heard of both George Lane
and the stochastic indicator which is one of the most popular and effective
trading indicators you can use -The copy continued:
“But
when it comes to trading, he invented something equally brilliant: a
market timing indicator that's so powerful and so accurate... a
caveman could use it to double... even triple his money overnight”
It
looks like the stochastic on the copy, so thought I would go to the
order form from Cross Currency Trader and see how much it actually
cost, only to be met with the note “ Offer Closed”
An
Indicator I Could Find Little About but
On the
graphs on the sales copy, it looked like the stochastic and of course
this was invented by George Lane who they refer too - but could I
find any reviews on it good or bad? No. I will look around some more
- but if it really is the stochastic, its free anyway and there is no
need to pay for it.
Final
Words
My
only comment would be, as with all Forex copy which tell you that you
can double or triple your money overnight – don't believe it. If you could really achieve this , why would anyone bother to sell it? They would
be making to much money, with their own Forex trading strategy to
want you to buy the system or signal from them.
Th
Stochastic by George Lane Free and an Essential Forex Profit
Indicator
The free
stochastic indicator is one of the best timing indicators in Forex if
used correctly and will help you enjoy bigger FX profits but a word of warning:
While there is no "holy grail" indicator which works
all of the time. The stochastic, has definitely helped meachieve
better market timing in FX trading so look it up. The indIcator is free and
should be part of any Forex traders essential education.
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