tag:blogger.com,1999:blog-12189420281651882112024-02-06T21:59:45.738-08:00Forex Beginner GuideLearn forex trading quick and simpleUnknownnoreply@blogger.comBlogger394125tag:blogger.com,1999:blog-1218942028165188211.post-83589994631610523372014-01-09T02:43:00.001-08:002014-01-09T02:46:38.559-08:00USDCAD Short Position @ 1.0825-1.0845<div style="text-align: justify;">
The USDCAD has rallied as visible in this 4-hour chart (H4). This currency pair has formed a bump-and-run formation which is a bearish chart pattern as marked by the light red triangle in the above chart.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://1.bp.blogspot.com/-FhhwmGBpAtA/Us59EwvuJoI/AAAAAAABA8Q/a_x0FcgapfY/s1600/USDCAD+Short+Position+@+1.0825-1.0845.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/-FhhwmGBpAtA/Us59EwvuJoI/AAAAAAABA8Q/a_x0FcgapfY/s1600/USDCAD+Short+Position+@+1.0825-1.0845.PNG" height="240" width="400" /></a></div>
<div style="text-align: center;">
Click to enlarge picture.</div>
<br />
We expect the USDCAD to correct back down to its support zone which is marked in light blue in the above chart.<br />
<br />
MACD confirmed the rally as momentum increased, but a gap has formed between the histogram and its moving average which is a bearish sign. RSI is trading in extreme overbought territory and a breakdown should further fuel the correction.<br />
<br />
We recommend a short position at 1.0825-1.0845 with a potential second entry level at 1.1000. <b>Take Profit Zone: 1.0650 – 1.0700</b><br />
<br />
We also recommend a stop buy order at 1.0875 with a take profit target of 1.1000 in order to hedge our short position and before adding new short positions to this forex trade.<br />
<br />
Traders who wish to exit this currency trade at a loss are advised to place their stop loss order at 1.0875.<br />
<br /></div>
Anonymousnoreply@blogger.com1tag:blogger.com,1999:blog-1218942028165188211.post-9787618807158214372013-12-08T21:27:00.002-08:002013-12-08T21:27:23.998-08:00Bearish Falling Three Methods Candlestick Pattern<div style="text-align: justify;">
The Falling Three Methods pattern occurs in a bear market, where during a downtrend the market rests before resuming the trend. The bearish trends break is reflected by small candles that all stick to a strict market range formed by the aggressive move on day one.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-cqr1CZQRJYQ/UqVUnK5QZ9I/AAAAAAAA-78/GmjlG8SUKRM/s1600/bearish_falling_three_methods.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-cqr1CZQRJYQ/UqVUnK5QZ9I/AAAAAAAA-78/GmjlG8SUKRM/s1600/bearish_falling_three_methods.jpg" /></a></div>
<br />
• Direction: Bearish<br />
• Type: Continuation<br />
• Reliability: Strong<br />
• In a downtrend, a long red day occurs<br />
• The second, third and fourth days are short blue days that fall within the range of the first day<br />
• The fifth day continues the downtrend with a long red candle that creates new lows<br />
<br />
A typical explanation for this type of formation might that the market is slowly digesting the relatively larger move in day-one. These small daily ranges often precede significant economic reports. Such periods of relative inactivity and tight trading are common in markets. Falling Three Methods is confirmed where a red candle dives down to new lows reinstituting the bearish trend.<br />
<br />
<b>Number of Middle Candles –</b> In a picture perfect formation the middle candles number three. But realistically the pattern may have two, four or even five candles. Individually each middle candle may be a star or doji, red or blue.<br />
<br />
<b>Middle Candle Wicks –</b> Important to note is that each middle candle wick needs to stay within the first candles high/low range to signal a strong continuation signal. With the bearish Falling Three Methods this is especially important for the highs. Should a wick trade to a high above the first large red candles high, it casts doubt over the strength of the established down trend.<br />
<br /></div>
Anonymousnoreply@blogger.com3tag:blogger.com,1999:blog-1218942028165188211.post-57464654866751575062013-12-08T21:24:00.003-08:002013-12-08T21:25:01.328-08:00Bearish Downside Tasuki Gap Candlestick Pattern<div style="text-align: justify;">
Like so many moderate strength formations, candlestick analysts like to see additional confirmation. This confirmation of continued bearish trend could come in the form of another red candle upon day four.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-Da3arHuk3hk/UqVUA3CFUOI/AAAAAAAA-70/xKhjeQTx9eU/s1600/bearish_downside_tasuki_gap.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/-Da3arHuk3hk/UqVUA3CFUOI/AAAAAAAA-70/xKhjeQTx9eU/s1600/bearish_downside_tasuki_gap.jpg" /></a></div>
<br />
Direction: Bearish<br />
Type: Continuation<br />
Reliability: Moderate<br />
<br />
• First day is a red day<br />
• Second day is a red day that gaps downward<br />
• Third day is a blue day that closes within the gap of the first two days<br />
<br />
The first two candles of this formation continue a downtrend with the second red candle gapping, suggesting strong bearish sentiment.<br />
<br />
A blue candle on day three indicates investors taking advantage of low prices to buying.<br />
<br />
But when the third days price action does not fill the gap created between the first and second days candles, traders take this formation as a sign that the downward trend may likely still continue.<br />
<br /></div>
Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-1218942028165188211.post-20599676972666886872013-12-08T21:21:00.002-08:002013-12-08T21:22:12.091-08:00Bearish Three Line Strike Candlestick Pattern<div style="text-align: justify;">
So long as the previous downtrend is an established one, candlestick analysts view this formation as a sign that the downtrend may still continue.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://4.bp.blogspot.com/-GZ9efuyEUrc/UqVTS1Q9FvI/AAAAAAAA-7s/M42o6kWLp98/s1600/bearish_three_line_strike.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://4.bp.blogspot.com/-GZ9efuyEUrc/UqVTS1Q9FvI/AAAAAAAA-7s/M42o6kWLp98/s1600/bearish_three_line_strike.jpg" /></a></div>
<br />
Direction: Bearish<br />
Type: Continuation<br />
Reliability: Weak<br />
<br />
<ul>
<li>After an established downtrend three long red days in a row continue this move, each closing lower than the previous day</li>
<li>Day-four is blue candle that closes near the open of the first day</li>
</ul>
<br />
The first three days serve as a fairly clear bearish move. Up to day-three in fact we have a Three Black Crows formation which is a strong bearish signal.<br />
<br />
One day of rally that only goes up to the open price of the patterns start is considered to be more sellers covering their positions than any true sign of a reversal. Thus traders will watch for short entry opportunities to come.<br />
<br />
Since the overall signal is fairly weak, most will want confirmation in the form of bearish price action the next day.<br />
<br /></div>
Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-1218942028165188211.post-76171714944212470142013-12-08T21:18:00.000-08:002013-12-08T21:18:01.390-08:00Japanese Candlestick Side By Side White Lines<div style="text-align: justify;">
The bearish side by side white lines (narabi aka) candlestick pattern is one of the triple candlestick patterns (i.e. it consists of three individual candlesticks), and it is a bearish pattern.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-2Cd_QAvexmc/UqVSYfWVmeI/AAAAAAAA-7k/wzEKN4r4arU/s1600/Bearish+Side+By+Side+White+Lines.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/-2Cd_QAvexmc/UqVSYfWVmeI/AAAAAAAA-7k/wzEKN4r4arU/s1600/Bearish+Side+By+Side+White+Lines.png" /></a></div>
<br />
The bearish side by side white lines candlestick consists of a downward candlestick (i.e. a red candlestick), followed by an upward candlestick (i.e. a green candlestick) that opens below the close of the first candlestick (i.e. a gap down), followed by another upward candlestick (i.e. another green candlestick) that opens below the close of the second candlestick (i.e. a gap down).<br />
<br />
Note that the gap down between the first and second candlesticks is not closed by either the second or third candlesticks.<br />
<br />
<b>Use In Trading</b><br />
<br />
The bearish side by side white lines pattern can occur in a number of different contexts (e.g. at the beginning of a trend, during a trend, at the end of a trend, etc.), but it is most relevant when it occurs during a significant downward trend.<br />
<br />
The bearish side by side white lines pattern is a bearish pattern, and can be used as an indication of the continuation of a downward trend.<br />
<br />
The bearish side by side white lines pattern is relatively easy to identify on a price chart, and as long as the important elements of the pattern are provided (e.g. the gap down that is not closed), the pattern can provide a useful indication of upcoming price movement.<br />
<br /></div>
Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-1218942028165188211.post-39149772187576789022013-12-08T21:13:00.001-08:002013-12-08T21:13:19.657-08:00Japanese Candlestick Bearish In-Neck On-Neck Patterns<div style="text-align: justify;">
First day we’d see a long red candle. The second day is blue day, opening below the low of the first day and closing barely into the body of the first day.<br />
<br />
Direction : Bearish<br />
Type : Continuation<br />
Reliability : Moderate<br />
<br />
<b>In Neck</b><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://4.bp.blogspot.com/-ia9rkD1tT38/UqVRPmleh-I/AAAAAAAA-7Q/Y-Hm0h75qg0/s1600/bearish_continuation_in_neck.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://4.bp.blogspot.com/-ia9rkD1tT38/UqVRPmleh-I/AAAAAAAA-7Q/Y-Hm0h75qg0/s1600/bearish_continuation_in_neck.jpg" /></a></div>
<br />
<b>On Neck</b><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-y6Om0Ebc1-o/UqVRTF9_TcI/AAAAAAAA-7Y/EiUr27my-iU/s1600/bearish_continuation_on_neck.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/-y6Om0Ebc1-o/UqVRTF9_TcI/AAAAAAAA-7Y/EiUr27my-iU/s1600/bearish_continuation_on_neck.jpg" /></a></div>
<br />
In non-FX markets the In Neck starts with the red continuation candle, day two gaps down to open well below the close of day one – then rallies back up to day-one’s close.<br />
<br />
In Neck suggests that the despite the large bullish move by the blue star on day-two – when the market moves deeply down, only to rally back it, the market is still continuing the downtrend and capable of additional bear moves in days to come.<br />
<br />
The On Neck suggests very similar analysis of market sentiment. But because the On Neck does not trade up to the previous day’s close or into day-one’s candle, it serves as a strong bearish continuation signal.<br />
<br /></div>
Anonymousnoreply@blogger.com6tag:blogger.com,1999:blog-1218942028165188211.post-6985927988951738632013-12-08T21:07:00.001-08:002013-12-08T21:07:40.148-08:00Bearish Thrusting Japanese Candlestick<div style="text-align: justify;">
The Thrusting pattern starts by a continuation of the established move. Day two reflects a bullish rally that closes into the body of the previous day, but is not able to trade above the midpoint.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://1.bp.blogspot.com/-BqHdtlrJATU/UqVOyY9tYhI/AAAAAAAA-6s/kHhw_O-hEjY/s1600/bearish_thrusting.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/-BqHdtlrJATU/UqVOyY9tYhI/AAAAAAAA-6s/kHhw_O-hEjY/s1600/bearish_thrusting.jpg" /></a></div>
<br />
Direction: Bearish<br />
Type: Continuation<br />
Reliability: Weak<br />
<br />
<ul>
<li>In an established downtrend, day-one of the pattern is a long red candle continuing the trend</li>
<li>Day-two is a blue day that closes into the body (below midpoint) of the previous day</li>
</ul>
<br />
The pattern suggests that sellers have not been weakened by the bull rally and if anything, shorts have simply covered their positions allowing price to rise slightly. Going forward the lack of strength exhibited by buyers would discourage longs to enter the market, and allow the continuation of the downtrend.<br />
<br />
Because this patterns signal is so weak, analysts will look for confirmation from bearish moves the following day.<br />
<br />
The Bearish Thrusting Pattern is very similar, but weaker than the Bullish Harami and Bullish Engulfing reversal patterns. Where the day-two close on the Thrusting pattern closes below the midpoint, Haramis close hits at or above the midpoint, the Engulfing patterns’ day-two close reach above day-ones open.<br />
<br />
Bearish Thrustin vs In Neck and On Neck Continuation Patterns Visually, the bearish Thrusting looks similar to the On Neck and In Neck Patterns as well.<br />
<br />
Strong continuation On-Neck<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://1.bp.blogspot.com/-ulvOPjCMkNI/UqVOa_Qw3MI/AAAAAAAA-6k/rDEHR2HITXI/s1600/Strong+continuation+On-Neck.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/-ulvOPjCMkNI/UqVOa_Qw3MI/AAAAAAAA-6k/rDEHR2HITXI/s1600/Strong+continuation+On-Neck.jpg" /></a></div>
<br />
Medium Continuation In-Neck<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-xTHREXwtAuI/UqVPInK2QiI/AAAAAAAA-60/_4S3veJWQSA/s1600/Medium+Continuation+In-Neck.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-xTHREXwtAuI/UqVPInK2QiI/AAAAAAAA-60/_4S3veJWQSA/s1600/Medium+Continuation+In-Neck.jpg" /></a></div>
<br />
Weak Continuation Thrusting<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-jlTBGzhfm5g/UqVP6_XZa4I/AAAAAAAA-7E/WPEd8RxoyHU/s1600/Weak+Continuation+Thrusting.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-jlTBGzhfm5g/UqVP6_XZa4I/AAAAAAAA-7E/WPEd8RxoyHU/s1600/Weak+Continuation+Thrusting.jpg" /></a></div>
<br /></div>
Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-1218942028165188211.post-57463467218910310332013-12-08T20:55:00.001-08:002013-12-08T20:55:23.772-08:00Japanese Candlestick Rising Three Methods<div style="text-align: justify;">
Rising Three Methods is a five candlestick bullish continuation pattern.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-sBFYm_f8VQ4/UqVNJmoKUGI/AAAAAAAA-6Y/sgBF2EFrovs/s1600/bullish_rising_three_methods.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-sBFYm_f8VQ4/UqVNJmoKUGI/AAAAAAAA-6Y/sgBF2EFrovs/s1600/bullish_rising_three_methods.jpg" /></a></div>
<br />
The pattern occurs in an uptrend where the first day is a long bodied white candle.<br />
<br />
This is followed by three small bodied candlesticks where each trends lower and closes inside the body of the first candlestick.<br />
<br />
The pattern is completed by a long bodied white candle that closes above the close of the first candle in the series.<br />
<br /></div>
Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-1218942028165188211.post-30522679887674374442013-12-08T20:50:00.003-08:002013-12-08T20:51:21.943-08:00Japanese Candlestick Bullish Three Line Strike<div style="text-align: justify;">
Continuation patterns suggest the market will maintain an established trend. The formation of continuation candlestick patterns imply consolidation, a time to rest and watch.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-OgWEKPSMGG4/UqVL9QLyTXI/AAAAAAAA-6I/txq0ylyGGa4/s1600/bullish_three_line_strike.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-OgWEKPSMGG4/UqVL9QLyTXI/AAAAAAAA-6I/txq0ylyGGa4/s1600/bullish_three_line_strike.jpg" /></a></div>
<br />
Direction: Bullish<br />
Type: Continuation<br />
Reliability: Weak<br />
<br />
<ul>
<li>Three blue days occur in a row continuing an established bull trend.</li>
<li>Each day should close higher than the previous day.</li>
<li>Day-four is red candle that closes near the open of the first day</li>
</ul>
<br />
So long as the previous uptrend is an established one, candlestick analysts view the Three Line Strike formation as a sign that the downtrend may still continue.<br />
<br />
The first three days serve as a fairly clear bullish move. Up to day-three in fact we have a Three White Shoulders formation and a strong bullish signal. One day of sell-offs that only goes down to the open price of the patterns start is considered to be more a sign that longs are covering their positions than any true sign of a reversal. Thus traders will watch for long entry opportunities to come.<br />
<br />
Since the overall signal is fairly weak, most will want confirmation in the form of bullish price action the next day.<br />
<br /></div>
Anonymousnoreply@blogger.com0tag:blogger.com,1999:blog-1218942028165188211.post-2808844449588427632013-10-04T06:34:00.001-07:002013-10-04T06:34:38.221-07:00Hi! I’m a bad forex trader!<div style="text-align: justify;">
Let me tell you guys... This is a painful thread to start. But considering my trading biography I think I am morally obligated to propose this little round table. It might be provocative for some, for me (and I hope for other rookies too), it’s somehow cathartic. So, bear with me fellow traders!<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-Y-GUCSAGs8o/Uk7DeFsLF8I/AAAAAAAA6Zc/q3CkCeZofF4/s1600/Fxloser.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/-Y-GUCSAGs8o/Uk7DeFsLF8I/AAAAAAAA6Zc/q3CkCeZofF4/s1600/Fxloser.jpg" /></a></div>
<br />
These last few days, using Tim Wilcox’s “trading plan template”, I objectively came across with some personal difficulties that might be permanently impeditive to the possibility of success. Also considering that (they say) 90 to 95% of traders fail to be consistent, I might deduce that these impediments are scaringly frequent and transversal to those who start their turtle walk through the business of trading.<br />
<br />
This thread is an impudic description of my failure to understand this business. Through the expression of my frailties I hope that others can join me and start a dynamic group of mutual support that might help us cope with our limitations. If this is not your thing, no worries, use this thread the way you want. There are no limitations and no rules for the expression of our frustrations here… as long as you keep within minimal ethical standards, fire away!<br />
<br />
First and obvious considerations:<br />
<ol>
<li>Trading the forex market for a profit is hard! As hard as it gets! Fewer intellectual challenges are as hard as this. But so managing a restaurant in New York! I keep believing it is possible to be profitable… just don’t know why!</li>
<li>There is no holy-grail. This is obviously not debatable.</li>
<li>I never met a successful forex trader in person. That’s as hard as finding a gnome! But they say they exist…</li>
</ol>
<div class="separator" style="clear: both; text-align: center;">
<a href="http://1.bp.blogspot.com/-3oX3IT0ltFg/Uk7Ct0e6ypI/AAAAAAAA6ZQ/-OqvyE9Ux7s/s1600/BadForexTrader.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="228" src="http://1.bp.blogspot.com/-3oX3IT0ltFg/Uk7Ct0e6ypI/AAAAAAAA6ZQ/-OqvyE9Ux7s/s400/BadForexTrader.png" width="400" /></a></div>
<div style="text-align: center;">
Click to enlarge image.</div>
<br />
<b>My frailties:</b><br />
I will share my frailties point by point in the hopes you can identify with it (or not). So let’s start this psychological stripping:<br />
<ol>
<li>I’m arrogant: I always believed I’m intellectually superior. I always believed there is no problem I couldn’t solve. I’m an intellectual dictator. If I think it, it must be right!</li>
<li>I’m skeptic: I have a very hard time believing other fellows systems and strategies. At the first sign of trouble I have a tendency to disbelieve the system. At that moment I lose control.</li>
<li>I’m obsessive: If I fail I tend to keep at it until it hurts. And I like to have the feeling I can control all the variables. Considering the randomness of this business you might imagine what being a control freak means… total psychological disruption! In the end I just lose my confidence real easy!</li>
<li>I’m ambitious: I hate to lose. I want to win for the sake of winning. I must be the best at all times. I want to chase the markets to recover losses. In the trading business that’s a very good way to ruin your account.</li>
<li>I’m emotionally labile: all the characteristics above produce a very unstable mental situation. When winning I become an arrogant jackass, when losing I become clinically depressed. What a fruit cake!</li>
</ol>
<br />
My vicious circle of failure:<br />
Let’s combine these characteristics and see what we get.<br />
<br />
First I look at a chart, I examine it and I act according to my strategy. All good. Usually I get it right the first time. I become intellectually arrogant. I think I know what’s happening and I act in a relaxed more instinctive manner. The impulsiveness get me a little off track. I start to get scared with the possibility of losing. I tweak the system to protect myself. Then all hell breaks loose. I get into my position with an ambivalent felling to it. On one side there is my belief of the market development, on the other side there is the fact that I didn’t follow the system and I know that that might change the results. I start to get all doubtful and at the first sign of loss I panic. I retweak the system to protect myself even more. Even get trading frozen. I start to have serious doubts and all that system changes get me to lose more and more frequently. I start disbelieve my strategy. I start considering all strategies to be “snake oil”. I eventually give up. I stop believing that it might be possible to be successful at the trading business.<br />
<br />
These cycles last for, normally, 3 to 6 months. Then I take a vacation of 3 to 4 months: I cannot look at the charts. I feel traumatized and cannot get into it again. After that time out, one day I look at a chart again and then an amazing thing happens. The trading bug bites me again and I jump into it even stronger than before.<br />
<br />
This story, my friends, have been lasting for 4 years now.<br />
<br />
The only thing I am proud of is that in all this deleterious vicious circle I haven’t spent a dime of real money… at least I’m that wise!<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://4.bp.blogspot.com/-A0vEWKTe5wM/Uk7CZBLPtcI/AAAAAAAA6ZI/nAHpu0gPMj8/s1600/vicious+circle.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://4.bp.blogspot.com/-A0vEWKTe5wM/Uk7CZBLPtcI/AAAAAAAA6ZI/nAHpu0gPMj8/s1600/vicious+circle.jpg" /></a></div>
<br />
I designed this system of variables in a schema that you can see in anex. This way, the interactions are more clear (I hope). See how the green circle (circle of profit) feeds the red one (circle of loss) and not the way around. See how my skepticism is the factor of desistance. See how my tweaking is the central deleterious reaction. I think that this is nothing new for you guys but at least I got it on paper, for everybody to see, and for me to look at. This way I cannot escape.<br />
<br />
I leave you for now saying… Hi, I’m a bad forex trader! </div>
Anonymousnoreply@blogger.com1tag:blogger.com,1999:blog-1218942028165188211.post-86147700867882174832013-10-02T04:46:00.000-07:002013-10-02T04:48:53.323-07:00USDJPY Buy Zone<div style="text-align: justify;">
The USDJPY has corrected from its horizontal resistance as visible in this D1 chart.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjW0VYU3plAIRxdsXlUNasWiqOqLgsGlo-ef_-cw4uATSDRQqzOxCyQtI3ePCPTucZBqzGVzW9LC953d-5jycvcSzu_HycBZ43sD4rA543iD2icMaCNdSqlKu_ziAovEKJs6gfgvQFmh-cA/s1600/USDJPY+Buy+Zone.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjW0VYU3plAIRxdsXlUNasWiqOqLgsGlo-ef_-cw4uATSDRQqzOxCyQtI3ePCPTucZBqzGVzW9LC953d-5jycvcSzu_HycBZ43sD4rA543iD2icMaCNdSqlKu_ziAovEKJs6gfgvQFmh-cA/s1600/USDJPY+Buy+Zone.PNG" /></a></div>
<br />
This currency pair is now approaching its horizontal support level from where we expect to see another reversal as the USDJPY has been confined to a tight trading range and there are currently no pressures to breakout or breakdown from its current chart pattern.<br />
<br />
MACD has shown improvement and points to an absence of extreme bearish pressures to drive this currency pair lower. The histogram has gaped away from its moving average which remains in bullish territory and we expect this gap to be closed during the next move higher. RSI is trading in oversold territory and a breakout should initiate the minor rally.<br />
<br />
We recommend a long position at <b>97.00</b> with a potential second entry level at <b>95.75.</b> We also recommend a <b>stop sell</b> <b>order </b>at <b>96.25</b> with a take profit target of <b>95.75</b> in order to hedge our initial long position and before adding new long positions.<br />
<br />
Traders who wish to exit this trade at a loss are advised to place their <b>stop loss</b> order at <b>95.75.</b> We will not use a stop loss order and execute this trade as recommended. Place your take profit target at <b>99.00.</b><br />
<br />
<b>Here are the reasons why we call the USDJPY currency pair higher</b><br />
<ul>
<li>The USDJPY currency pair has corrected from its horizontal resistance level and is now approaching its horizontal support zone</li>
<li>MACD indicates the absence of bearish pressures and the histogram has gaped away from its moving average which expect to reverse</li>
<li>RSI is trading in oversold territory and a breakout should initiate the move higher</li>
<li>Profit taking after a decent move lower in order to realize trading profits</li>
<li>New long positions by institutional swing traders</li>
</ul>
<br />
<br />
<br /></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1218942028165188211.post-7011891916074072412012-07-04T00:34:00.000-07:002012-07-04T00:34:24.511-07:00HotForex Demo Contest 2012<div style="text-align: justify;">The HotForex ‘Virtual to Real’ Demo Contest is a contest only held on demo accounts. Therefore, there is no monetary risk for the participants but the cash prizes awaiting the winners are real! Furthermore, by offering this demo contest we allow our clients to master their trading skills with no risk but also get real money prizes! <br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggvaJNxG7ZwKiW79Gy_TO0eWibOKkxfW_Szat7Re1QFkb_LT2KAICWRvdPBmxywl4JPmut7qqBLfeGVQ1oHewmPOntwoAm-8DV479JKbL5aRze6pTS-O1eRQKhM6EyQ6eKg2kp1PsuLFyF/s1600/HotForex+Demo+Contest+2012.jpg" imageanchor="1"><img border="0" height="139" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggvaJNxG7ZwKiW79Gy_TO0eWibOKkxfW_Szat7Re1QFkb_LT2KAICWRvdPBmxywl4JPmut7qqBLfeGVQ1oHewmPOntwoAm-8DV479JKbL5aRze6pTS-O1eRQKhM6EyQ6eKg2kp1PsuLFyF/s400/HotForex+Demo+Contest+2012.jpg" width="400" /></a></div><br />
Contest <a href="http://www.hotforex.com/demo_contest/terms.html" rel="nofollow" target="_blank">Terms and Conditions.</a><br />
<br />
<b>Details:</b><br />
<ul><li>Length of each round – 1 Month</li>
<li>Total Prizes per round – 3,500 USD</li>
<li>Number of Prize winning Places – 3</li>
<li>Initial Virtual Deposit - 100,000</li>
</ul><br />
<div style="color: red;"><b>Virtual deposit + Virtual trading = Real money</b></div><br />
<a href="http://www.hotforex.com/demo_contest/" rel="nofollow" target="_blank"><b style="color: blue;">JOIN</b></a> the demo contest<br />
<br />
Good Luck!<br />
<br />
</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1218942028165188211.post-32799550305866578352012-05-31T22:22:00.000-07:002012-05-31T22:22:53.488-07:00PaxForex Free $200 No-Deposit Bonus<div style="text-align: justify;"><b>Dates:</b> all year 2012<br />
<b>Bonus:</b> $200 bonus - no deposit required. Valid for new clients only.<br />
<br />
<b>How to get:</b> register a live account with PaxForex. The balance on the bonus account and on the standard account is only for trading during first month.<br />
<br />
<b>Other conditions:</b> The client can transfer bonus profit to the trading account without deposit only after 1 month of registration and if the following conditions are met:<br />
<ul><li>Profit on the bonus account is more than 200$.</li>
<li>5 volume lots completed</li>
</ul><br />
<b>Withdrawal:</b> volume requirements apply.<br />
<br />
<b>How To Apply Instructions</b><br />
<br />
<b>Step 1</b><br />
Click OPEN TRADING ACCOUNT<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUAIG4MkalJbuUcTutQh3FMbf5kp-d8ZC-YWyyyY4J1w9o7V-iINW56mxfiYfNz0Bcg_wNiwerMGhktRex_8AXibzSVZ8eow91rIdHx19ijz8rqREMXQ9CYzoitFhvnoAgo1cqddvlt8r5/s1600/Free+PaxForex+$200+No-Deposit+Bonus.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUAIG4MkalJbuUcTutQh3FMbf5kp-d8ZC-YWyyyY4J1w9o7V-iINW56mxfiYfNz0Bcg_wNiwerMGhktRex_8AXibzSVZ8eow91rIdHx19ijz8rqREMXQ9CYzoitFhvnoAgo1cqddvlt8r5/s1600/Free+PaxForex+$200+No-Deposit+Bonus.png" /></a></div><br />
<b>Step 2</b><br />
Click GET BONUS<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsNnqxAun0kAPuGEtSXW6kIkGt0gHsRA507nfGGwOUmNUjrDe5PipmwxcnvsHUEC_qoYAixkQOZGB8Sjg-vSb9uhUPVDA0cs7ajCKa2J_NumMx9__Mp7Qy0-idSCMfj-l_K8VmM36E9bn3/s1600/Free+PaxForex+$200+No-Deposit+Bonus+2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsNnqxAun0kAPuGEtSXW6kIkGt0gHsRA507nfGGwOUmNUjrDe5PipmwxcnvsHUEC_qoYAixkQOZGB8Sjg-vSb9uhUPVDA0cs7ajCKa2J_NumMx9__Mp7Qy0-idSCMfj-l_K8VmM36E9bn3/s1600/Free+PaxForex+$200+No-Deposit+Bonus+2.png" /></a></div><br />
<b>Step 3</b><br />
Click GET BONUS<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXlmBwAxeyTFZEFkOaDVzdgftGaRmYz3ReY05KNujK2oIVmbdmXGA4rnDxGs-zDK61Y8Z7t3tlbodTACJe0XzirSXfsmISPivNDKDjJYf6Mqu6hSiypB3eu94YdVgfbjdS0_5tYhdtyDaq/s1600/Free+PaxForex+$200+No-Deposit+Bonus+3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXlmBwAxeyTFZEFkOaDVzdgftGaRmYz3ReY05KNujK2oIVmbdmXGA4rnDxGs-zDK61Y8Z7t3tlbodTACJe0XzirSXfsmISPivNDKDjJYf6Mqu6hSiypB3eu94YdVgfbjdS0_5tYhdtyDaq/s1600/Free+PaxForex+$200+No-Deposit+Bonus+3.png" /></a></div><br />
<b>Step 4</b><br />
On registration page choose BONUS "Be Online", Be Online, Get $200.<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi03rTat-NF1wMBte36PbsreooIBrPf81IpOAIbv1pG-DvNyGsTEkXIV2VW3JDra0PzrHrBbR9TSLgm2i0NhxS9YqL3wBajKa4Ki3DTG4IGtS-NiZ8QWjW5X7Sr2ZpiiPj-s5hEsq9bdJIl/s1600/Free+PaxForex+$200+No-Deposit+Bonus+4.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi03rTat-NF1wMBte36PbsreooIBrPf81IpOAIbv1pG-DvNyGsTEkXIV2VW3JDra0PzrHrBbR9TSLgm2i0NhxS9YqL3wBajKa4Ki3DTG4IGtS-NiZ8QWjW5X7Sr2ZpiiPj-s5hEsq9bdJIl/s1600/Free+PaxForex+$200+No-Deposit+Bonus+4.png" /></a></div><br />
Then complete your registration, verify your account (Check your email).<br />
<br />
Download MT4 and you're ready to making money with $200 No-Deposit Bonus.<br />
<br />
Signup now..<br />
<b>Link:</b> <a href="http://www.paxforex.com/?refId=fa8c5449-01dd-49f9-91d6-b70af2010564" rel="nofollow" target="_blank">"Be Online" $200 no-deposit bonus from PaxForex</a><br />
<br />
</div>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-1218942028165188211.post-79553991039223736032012-04-04T04:28:00.000-07:002012-04-04T04:28:07.520-07:00Buy AUDUSD 4/4/2012<div style="text-align: justify;">Buy AUDUSD @ 1.0186-0150.<br />
<br />
Target: 1.0250 ++<br />
<br />
Stop Loss: -<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiC9NTkzDHeF4oNQ4DDlPhbFbpciTFwWGvOdYhkDGfqXYsvyLQgzy0mrdamFKe-ppyd71TmAtPKtk4VVltUXqU8t6vpdYjr0ITn0gKpZmJ1OHgmZvuMOWjY08nWoE7iawn2OvT2xlrYB93S/s1600/forex-buy-sell.jpg" /></div><br />
Good Luck and Happy Trading!<br />
<br />
</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1218942028165188211.post-13811122566647980382012-04-04T04:19:00.000-07:002012-04-04T04:19:24.732-07:00Buy EURUSD 4/4/2012<div style="text-align: justify;">Buy EURUSD @ 1.3130-3100.<br />
<br />
Target: 1.3200 ++<br />
<br />
Stop Loss: -<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiC9NTkzDHeF4oNQ4DDlPhbFbpciTFwWGvOdYhkDGfqXYsvyLQgzy0mrdamFKe-ppyd71TmAtPKtk4VVltUXqU8t6vpdYjr0ITn0gKpZmJ1OHgmZvuMOWjY08nWoE7iawn2OvT2xlrYB93S/s1600/forex-buy-sell.jpg" /></div><br />
Good Luck and Happy Trading!<br />
<br />
</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1218942028165188211.post-85081532367482479652012-03-26T20:06:00.000-07:002012-03-26T20:06:31.995-07:00Sell EURUSD 27/3/2012<div style="text-align: justify;">Sell EURUSD @ 1.3348-3363.<br />
<br />
Target 1: 1.3305<br />
Target 2: 1.3260<br />
<br />
Stop Loss: 1.3380<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiC9NTkzDHeF4oNQ4DDlPhbFbpciTFwWGvOdYhkDGfqXYsvyLQgzy0mrdamFKe-ppyd71TmAtPKtk4VVltUXqU8t6vpdYjr0ITn0gKpZmJ1OHgmZvuMOWjY08nWoE7iawn2OvT2xlrYB93S/s1600/forex-buy-sell.jpg" /></div><br />
Good Luck and Happy Trading!<br />
<br />
</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1218942028165188211.post-69647575104473565942012-03-25T06:25:00.000-07:002012-03-25T06:25:05.438-07:00GG-RSI-CCI Indicator<div style="text-align: justify;"><b>Name:</b> GG-RSI-CCI<br />
<b>Download:</b> <a href="http://codebase.mql4.com/download/18159" target="_blank">GG-RSI-CCI.mq4</a> (3.5 Kb)<br />
<br />
<b>Description</b>:<br />
<br />
This indicator informs you about the trend and offers a good entry possibility. Not useful for exit signal.<br />
<br />
Ind_Period: period of the indicators (RSI and CCI).<br />
Avg_Period1 and Avg_Period2: periods of the moving averages of the indicators.<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaD3GT8W17IuHEKubjKvYi0p1AxTk1WfYkxJAjaQHvyhCjE7D65W54pFtM2SmykZNjx6YAhET_leAcpfDLFU1zKhnLTkV7thVafeYcG9wB2aR3z3Y-of8Avxs60g-Ve8cU_kEiAq6UGIKY/s1600/GG-RSI-CCI.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiaD3GT8W17IuHEKubjKvYi0p1AxTk1WfYkxJAjaQHvyhCjE7D65W54pFtM2SmykZNjx6YAhET_leAcpfDLFU1zKhnLTkV7thVafeYcG9wB2aR3z3Y-of8Avxs60g-Ve8cU_kEiAq6UGIKY/s1600/GG-RSI-CCI.gif" /></a></div><br />
Source: <a href="http://www.mql4.com/" rel="nofollow" target="_blank">Mql4.com</a><br />
<br />
</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1218942028165188211.post-69480449709958511792012-03-25T06:19:00.000-07:002012-03-25T06:19:01.489-07:00GG-TimeBox Indicator<div style="text-align: justify;"><b>Name:</b> GG-TimeBox<br />
<b>Download:</b> <a href="http://codebase.mql4.com/download/18333" target="_blank">GG-TimeBox.mq4</a> (5.0 Kb)<br />
<br />
<b>Description</b>:<br />
<br />
Timeframe indicator. Customizable timeboxes on any chart.<br />
<br />
Some examples:<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYOcEKya1smQINyOufdsHL-F_oyyee95Ur-sz1N-ZQuzeMoJxWN-jqNBN9wa7wKM_eukaaaP1eRCGy9BIiS2SgpaZfEQXcoZKDB1SrgS5rF1joVwHduwT_FxBd79PC0DiuoHvBy8DRehzY/s1600/GG-TimeBox.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYOcEKya1smQINyOufdsHL-F_oyyee95Ur-sz1N-ZQuzeMoJxWN-jqNBN9wa7wKM_eukaaaP1eRCGy9BIiS2SgpaZfEQXcoZKDB1SrgS5rF1joVwHduwT_FxBd79PC0DiuoHvBy8DRehzY/s1600/GG-TimeBox.gif" /></a></div><br />
Source: <a href="http://www.mql4.com/" rel="nofollow" target="_blank">Mql4.com</a><br />
<br />
</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1218942028165188211.post-68390103469609993852012-03-25T06:09:00.000-07:002012-03-25T06:09:37.500-07:00Signal Length Indicator<div style="text-align: justify;"><b>Name:</b> Signal Length<br />
<b>Download:</b> <a href="http://codebase.mql4.com/download/19126" target="_blank">signallength_eng.mq4</a> (7.8 Kb)<br />
<br />
<b>Description</b>:<br />
<br />
When the price is approaching to the Signal Lines, the indicator sends Alert. The Signal Lines can have any angle.<br />
<br />
Initially, the Signal Lines are based on the straight lines of the support and resistance levels. Signal Lines can be moved to the desired place using the mouse .<br />
<br />
When the distance between the Bid and Signal Lines is lower than specified (in points), the indicator sends Alert, with the name of the crossed signal line.<br />
<br />
If the variable remove_segments is defined, it draw a new segments after the period change. The total number of Signal Lines is not limited.<br />
<br />
To use the indicator copy it to the folder "C: \ Program Files \-Terminal-\ experts \ indicators" and attach to the chart.<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgV8w0DmZclRY99wV4h6TV9qOPz6Y7q-Uc8hNEg9Rd4V3g71_s3NNTEXmrvRG4rJfZv3BosMdFksya0w1hP79mdUjmLubzbz19FiUplK5v-TZwi7B9ekCJCdwMa397fpRzBsrurBWMwIJ3/s1600/Signal+Length.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgV8w0DmZclRY99wV4h6TV9qOPz6Y7q-Uc8hNEg9Rd4V3g71_s3NNTEXmrvRG4rJfZv3BosMdFksya0w1hP79mdUjmLubzbz19FiUplK5v-TZwi7B9ekCJCdwMa397fpRzBsrurBWMwIJ3/s1600/Signal+Length.jpg" /></a></div><br />
Source: <a href="http://www.mql4.com/" rel="nofollow" target="_blank">Mql4.com</a><br />
<br />
</div>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-1218942028165188211.post-89381582190358301222012-03-25T05:59:00.000-07:002012-03-25T05:59:44.100-07:00Two Pole Smoothed Oscillator Indicator<div style="text-align: justify;"><b>Name:</b> Two Pole Smoothed Oscillator<br />
<b>Download:</b><br />
<a href="http://codebase.mql4.com/download/18751" target="_blank">Ehlers Two Pole Super Smoother Filter.mq4</a> (2.7 Kb)<br />
<a href="http://codebase.mql4.com/download/18752" target="_blank">Ehlers CyberCycle.mq4</a> (2.7 Kb)<br />
<a href="http://codebase.mql4.com/download/18753" target="_blank">Ehlers CG.mq4</a> (2.6 Kb)<br />
<a href="http://codebase.mql4.com/download/18754" target="_blank">Ehlers Super Smoother Smoothed oscillator.mq4</a> (2.1 Kb)<br />
<br />
<b>Description</b>:<br />
<br />
The Two Pole Super Smoother Indicator is a great way to evaluate the trend, and a good alternative the a regular moving average. But it can hardly be used tofind the turning points of the major cycles.<br />
<br />
So I've transformed the Super Smoother Indicator as a smoothed oscillator.<br />
<br />
The oscillator accurately find most of the cycle's turning points, while the additional smoothing removed the residual noise.<br />
<br />
In order to remove the residual noise from the oscillator, I used Ehlers' Instantaneous trendline filter, because this filtershows a great noise reduction capacity while keeping the additional lag really low.<br />
<br />
because all the Maths have been modified in order to be based on the Open prices, the indicator won't retrace.<br />
<br />
<b>Lag:</b><br />
<br />
Please note that the original Two pole Super Smoother indicator presents a small lag proportional to it's Cutoff Period. Because the version on this page has been modified to be based on the Open price (in order to avoid retracements), one bar of lag is added.<br />
<br />
Finally, the Instantaneous trendline filter is adding a little lag too, which should not be of more than 2 bars.<br />
<br />
As a result, you should not use this indicator in order to catch cycles with a period of less than 10 bars.<br />
<br />
If you want to catch 5 bars cycles on H1 for example, you can use this indicator on the M1 or M5 timeframe, using a large cutOff period. The additional data available on small timeframes allows you to trade short cycles.<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFdz4blD04fdkZW3eHJ2-MfWKpGiJ9JVHvO0hQQGI_piAXfsuqDQBYAc0to_WE3-0D_AMRn3WIrvV5I2plEbwlKaBjwiqIKFJHZD8QbVNfZPVfS_zjrM7y8MZ9J29BTEh-KojlWJJygbGa/s1600/Two+Pole+Smoothed+Oscillator.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFdz4blD04fdkZW3eHJ2-MfWKpGiJ9JVHvO0hQQGI_piAXfsuqDQBYAc0to_WE3-0D_AMRn3WIrvV5I2plEbwlKaBjwiqIKFJHZD8QbVNfZPVfS_zjrM7y8MZ9J29BTEh-KojlWJJygbGa/s1600/Two+Pole+Smoothed+Oscillator.png" /></a></div><br />
<b>Recommendations:</b><br />
<ul><li>This indicator can be pretty accurate, but is not magic. Please confirm the signals using other indicators (preferably DSP indicators).</li>
<li>Ehlers' CyberCycle is a great indicator to filter the signals. Uses the same alpha in both indicators.</li>
<li>Ehlers' CG (Center of gravity) is also a great indicator to filter the signals. Uses CG's period = Oscillator's CutOff/2.</li>
<li>Filtering the signals using an adaptive indicator (like Adaptive CyberCycle or Adaptive CG) seems to be a great idea, but the fact is that an adaptive indicator won't be synchronized with this indicator and can lead to more noises in the signals.</li>
<li>This indicator is best adapted to detect 30 bars or higher cycles. Its accuracy drops when used to detect short cycles.</li>
</ul><br />
Source: <a href="http://www.mql4.com/" rel="nofollow" target="_blank">Mql4.com</a><br />
<br />
</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1218942028165188211.post-5825751175069310002012-03-25T05:01:00.000-07:002012-03-25T05:01:35.223-07:00LineMA Indicator<div style="text-align: justify;"><b>Name:</b> LineMA<br />
<b>Download:</b> <a href="http://codebase.mql4.com/download/19213" target="_blank">LineMA.mq4</a> (3.7 Kb)<br />
<br />
<b>Description</b>:<br />
<br />
Its another averaging of moving averages. If shows green line, if buy signal only and red line in case of sell signal only.<br />
<br />
Nothing new, just more clearly.<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQkhdHbQYBZ9gYT2aNBO1Lp8oKAQtwxnBGOYWxyU-1NjXtGHQnXsNCKtJkcyqBo2Pv5_qIRhnBT_6YyYq7gv_1cFrJAVa1ggIS_4x2bsqarLWFQb6q_NaVvRnPp9rrt6Jj-tX0N0-I0oxf/s1600/LineMA.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQkhdHbQYBZ9gYT2aNBO1Lp8oKAQtwxnBGOYWxyU-1NjXtGHQnXsNCKtJkcyqBo2Pv5_qIRhnBT_6YyYq7gv_1cFrJAVa1ggIS_4x2bsqarLWFQb6q_NaVvRnPp9rrt6Jj-tX0N0-I0oxf/s1600/LineMA.jpg" /></a></div><br />
Source: <a href="http://www.mql4.com/" rel="nofollow" target="_blank">Mql4.com</a><br />
<br />
</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1218942028165188211.post-3025705828434912322012-03-22T04:29:00.001-07:002012-03-22T04:30:54.717-07:00Oil - Signs That a War in Iran is Close<div style="text-align: justify;">The clock is ticking closer to the midnight hour regarding a strike in Iran. Israel might do it alone, but will likely have the backing of the US.<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNpznrnp0Clx82aWXEn2m5-lkdm3bhDYz5fbGOFvbfKaW-LcKuN416rrOvE9krHwqlRlHDolnj6H6y_mZgfEbc10fJJBlCVHpuF8YLsxwM47hFPIxDqrf3DZc_oqbeCI8p1_uDyjDtXFVb/s1600/Signs+That+a+War+in+Iran+is+Close.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNpznrnp0Clx82aWXEn2m5-lkdm3bhDYz5fbGOFvbfKaW-LcKuN416rrOvE9krHwqlRlHDolnj6H6y_mZgfEbc10fJJBlCVHpuF8YLsxwM47hFPIxDqrf3DZc_oqbeCI8p1_uDyjDtXFVb/s1600/Signs+That+a+War+in+Iran+is+Close.jpg" /></a></div><br />
Is a war imminent, or are these moves just meant to scare Iran? Here are 5 signs that have piled up very recently.<br />
<br />
<b>SWIFT Cuts Iran Off:</b> The international institution responsible for around 80% of the world’s financial transactions announced that it will cut off Iranian financial institutions from its system from Saturday. This unprecedented move is a big blow to Iran, and follows up on EU sanctions.<br />
<br />
<b>Majority in Israeli cabinet for strike:</b> Israeli newspaper Maariv (Hebrew link, quote in English) by Ben Caspit saying that 8 out of 14 Israeli cabinet members now support a strike on Iran’s nuclear facilities. The cabinet can give Prime Minister Netanyahu the green light for a strike, at the time he sees fit.<br />
<br />
<b>Netanyahu preparing Israeli public:</b> The Israeli Prime Minister continues the tough rhetoric against Iran also after coming back from his long visit in the US. Analysts see this as a preparation of the Israeli public for a war.<br />
<br />
<b>Using Oil Reserves:</b> There was a report, later denied, that the US and the UK decided on releasing oil from the emergency reserves in order to lower prices. This could be another preparation.<br />
<br />
<b>“Last Chance” Warning:</b> According to Russian sources, US Secretary of State Hillary Clinton asked the Russians to send a message to Iran that the upcoming talks 6 nation talks with Iran are the last chance before military action.<br />
<br />
Needless to say, oil prices certainly play a role in the considerations of all sides. Iran is the world’s 5th largest producer of oil, and sits on the Straights of Hormuz, where 40% of the world’s shipments pass through.<br />
<br />
All these moves could mount to a preparation for a US backed Israeli strike against Iran’s nuclear facilities. It could also just add to pressure against Iran, trying to force it to comply without really engaging in military action.<br />
<br />
Source: <a href="http://www.forexcrunch.com/" rel="nofollow" target="_blank">ForexCrunch.com</a><br />
<br />
Further reading:<br />
<ul><li><a href="http://forexbeginnerguide.blogspot.com/2012/03/how-will-currencies-react-if-israel.html">How will Currencies React If Israel Attack Iran</a></li>
</ul><br />
</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1218942028165188211.post-70895363242536984822012-03-22T04:28:00.000-07:002012-03-22T04:28:47.793-07:00How will Currencies React If Israel Attack Iran<div style="text-align: justify;">On November 8th, The International Atomic Energy Agency(IAEA) is due to publish an updated report about Iran’s nuclear program. It is expected to provide new and worrying details about Iran’s nuclear capabilities. Towards this event, news about an upcoming Israeli attack on Iran have emerged. <br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWTx0FjXhsodiHSQRpUNCUOpZN0Dy5U9UOiQw9-HnwLBSD06OBsrevikFOPvpLoMkevnbULGeuDk5NJnNbjvgzjOzm3bPICx3RMe3022sgPtJidKGBqoRYbtER5w02ek_Par34pemDHV32/s1600/How+will+Currencies+React+If+Israel+Attack+Iran.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWTx0FjXhsodiHSQRpUNCUOpZN0Dy5U9UOiQw9-HnwLBSD06OBsrevikFOPvpLoMkevnbULGeuDk5NJnNbjvgzjOzm3bPICx3RMe3022sgPtJidKGBqoRYbtER5w02ek_Par34pemDHV32/s1600/How+will+Currencies+React+If+Israel+Attack+Iran.jpg" /></a></div><br />
The chances of an airstrike to happen are low. 5 reasons are detailed below. But if tensions rise, how will this impact currencies?<br />
<br />
<b>Why a strike has low chances:</b><br />
<br />
<b>Israeli threats add to pressure on sanctions:</b> The Western countries will want to increase sanctions on Iran, while Russia and China are reluctant to do so. Raising the threat to attack puts pressure for more sanctions and helps the US and its allies.<br />
<br />
<b>Israeli government under internal pressure:</b> The J14 social justice movement continues to be very active. The government led by Netanyahu managed to divert attention from the recent protest on October 29th through a mini-escalation in Gaza. Keeping Iran in the headlines also helps move public attention to external enemies and diverts attention from internal economic issues. Also the release of abducted soldier Gilad Shalit has a lot to do with this internal pressure. But will the government go ahead with a strike? Probably not – polls show that only half of the population supports an attack, and that most Israelis are convinced it will trigger a full scale conflict. So it’s better to keep the media busy with threats, but to avoid acting.<br />
<br />
<b>No US Approval for an Israeli strike:</b> It is hard to believe that Israel will act on its own in attacking Iran. In the past, the different US administration gave Israel a clear red light regarding such an attack. The US may express concern about Israel doing it on its own, but it also goes to show that there is no US approval. In addition, it is uncertain if a full scale destruction of the Iranian nuclear plans can happen without military assistance from the US.<br />
<br />
<b>The US doesn’t need another war:</b> The US economy is still in dire straits, despite some encouraging signs seen lately. Obama just announced a retreat from Iraq. Allocating resources to the same region once again will strain the US budget, just as the super committee is trying to find ways to reduce the deficit, and isn’t having a lot of success. Another war, even if the US participation is limited, will put a lot of pressure on US finances one year before the elections, and when the US is finally showing some signs of recovery.<br />
<br />
<b>Iran also prefers to focus on external enemies:</b> The Arab spring has also reached the Islamic Republic. Protests were crushed also in Teheran a few months ago. But now there are tensions within the ruling elite that have been surfacing. Keeping tension high with the US and Israel means less awareness of internal issues. The Iranians certainly want tension and it recently said that they will cause “1 million Israeli casualties with only 4 missiles”. But a full escalation isn’t desired also in Tehran.<br />
<br />
In case that tensions continue to mount and of course in case all these assumptions collapse and a strike is carried out, most winners and losers can be clearly marked:<br />
<ul><li>The US dollar and Japanese yen will jump as safe haven currencies: they are the clear safe havens at the moment.</li>
<li>Euro, pound, Aussie, kiwi to crash: these are the clear risk currencies at the moment. The mess in Greece and now in Italy already weighs heavily on the euro and has a strong impact on the others.</li>
<li>The Canadian dollar will drop: While Canada exports oil which will clearly rise in case of a Middle Eastern conflict, the Canadian dollar tends to behave more like a risk currency.</li>
<li>The Swiss franc will swing: uncertainty is lower regarding the franc: on one hand, it has moved to the camp of risk currencies since the huge SNB intervention. But on the other hand, it could switch back to the “safe haven” camp in case of a conflict in the Middle East. This is what happened when the Libyan civil war broke out.</li>
</ul><br />
What do you think can happen?<br />
<br />
</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1218942028165188211.post-8698973307275597602012-03-22T04:04:00.000-07:002012-03-22T04:04:30.928-07:00EURUSD Head and Shoulders Forming<div style="text-align: justify;">EURUSD daily chart head and shoulders pattern in the making.<br />
<br />
A head and shoulders pattern looks like a human head with 2 shoulders on either side. The shoulders are lower than the head and are often of equal height to each other. The blue line extending horizontally across is the neckline, which connects the 2 low points.<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfYEZ2o1qNnTp_cd7pU62cDpkjiyzRBOqVrQJ_K3PWm6f5XTXyzxZKG1AzKi2CJwDoNLwKeCMi57rOHdJiEtZfAqG9vXrd_MdRfeMfPG-ELQa_iRtVPiUYg9FjaLd2sGyOtCzU3maGHkrs/s1600/EURUSD+Head+and+Shoulders+Forming-22-3-2012.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfYEZ2o1qNnTp_cd7pU62cDpkjiyzRBOqVrQJ_K3PWm6f5XTXyzxZKG1AzKi2CJwDoNLwKeCMi57rOHdJiEtZfAqG9vXrd_MdRfeMfPG-ELQa_iRtVPiUYg9FjaLd2sGyOtCzU3maGHkrs/s1600/EURUSD+Head+and+Shoulders+Forming-22-3-2012.png" /></a></div><br />
This is a top reversal pattern, or a bearish signal. Of course, this trade setup is still in the making and is only confirmed if prices follow the direction of the red arrow, breaking below the neckline. The pattern is however void once prices break the high of 1.3484.<br />
<br />
You can expect many traders to go short if prices break below the neckline level of around 1.3017.<br />
<br />
Source: <a href="http://www.asiapacfinance.com/" rel="nofollow" target="_blank">AsiaPacFinance.com</a><br />
<br />
</div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-1218942028165188211.post-76276475309680076632012-03-15T06:28:00.000-07:002012-03-15T06:28:49.386-07:00Buy AUDUSD 15/3/2012<div style="text-align: justify;">Buy AUDUSD @ 1.0470-0505.<br />
<br />
Target 1: 1.0560<br />
Target 2: 1.0590<br />
<br />
Stop Loss: 1.0445<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiC9NTkzDHeF4oNQ4DDlPhbFbpciTFwWGvOdYhkDGfqXYsvyLQgzy0mrdamFKe-ppyd71TmAtPKtk4VVltUXqU8t6vpdYjr0ITn0gKpZmJ1OHgmZvuMOWjY08nWoE7iawn2OvT2xlrYB93S/s1600/forex-buy-sell.jpg" /></div><br />
Good Luck and Happy Trading!<br />
<br />
</div>Unknownnoreply@blogger.com0