Primary bearish is going on for the second week - price D1 is below Ichimoku cloud, and AbsoluteStrength indicator is showing the bearish market condition as a strong downtrend.
But Chinkou Span line is very close to historical D1 price ready to be reversed to secondary bear market rally. If the price will cross 1.0280 support level so the bearish trend will be continuing for at least the beginning of this week.
On W1 timeframe - Chinkou Span line is coming to the price from above to below which is indicating future possible breakdown so if it will be happened - we will be able to see good downtrend in the end of this month.
UPCOMING EVENTS (high/medium impacted news events which may be affected on GBPUSD price movement for this coming week)
2013-10-21 12:30 GMT (or 14:30 MQ MT5 time) | [CAD - Wholesale Sales]
2013-10-21 14:00 GMT (or 16:00 MQ MT5 time) | [USD - Existing Home Sales]
2013-10-22 12:30 GMT (or 14:30 MQ MT5 time) | [CAD - Retail Sales]
2013-10-22 12:30 GMT (or 14:30 MQ MT5 time) | [USD - Non-farm Payrolls]
2013-10-23 14:00 GMT (or 16:00 MQ MT5 time) | [CAD - Overnight Rate Target]
2013-10-24 01:45 GMT (or 03:45 MQ MT5 time) | [CNY - HSBC Flash Manufacturing PMI]
2013-10-25 12:30 GMT (or 14:30 MQ MT5 time) | [USD - Durable Goods Orders]
Please note : some US high impacted news events (incl speeches) are also affected on USDCAD movement
SUMMARY : possible rally
TREND : bearish
DeltaVolumeDistribution indicator can be considered as the fusion of the DeltaVolume and TradeSizeDistribution indicators.
This indicator, inspired by the MarketDelta-family charts, computes the net difference between trades occurring at bid and at ask, while trades occurring between bid and ask quotes are not computed. The indicator plots the resulting DeltaVolume as a unique distribution plot.
With the DeltaVolumeDistribution indicator you will actually be able to see the order flow entering
The indicator displays the current market information about the recent trades (their direction and volume).
BackColor - general background color of the indicator; AboveAskBackColor - background color of the line with information about the last trade in case it was performed at the price above Ask; AboveAskFontColor - color of the text entered in the line with information about the last trade in case it was performed at the price above Ask; AtAskBackColor - background color of the
Fast Copy MT5 allows to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available
MT5 —> MT5 MT5 —> MT4 MT4 —> MT5 MT4 —> MT4
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One tool for sending and receiving transactions: [master] > [slave] operation mode can be selected in
We present you an effective software solution for arbitrage between brokers.
The Arbitrage on the market became widespread due to decentralization. There are many liquidity providers, whose quotes differ for various reasons. By tracking the dynamics of changes in the quotes of different brokers, it is possible to determine the delayed and leading brokers, thereby predicting the future prices of the delayed broker for a short time. Knowing these prices and using efficient built-in software filte
Trade Copier Pro is a powerful tool to copy trade remotely between multiple accounts at different locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the signal after that
The fractal analysis of the markets is used in the indicator operation algorithm. According to the fractals theory, after the breakthrough of the fractal level confirmed by the closing price located below or above the fractal, the trend wave in the direction of the breakthrough starts to develop. Until the fractal has been passed in the opposite direction, the trend is considered to be acting even if the price is flat or moves backwards. If a bullish fractal has been previously broken through on
Safe Automatic is a safe MetaТrader 5 trading robot working autonomously on a VPS server. The good results are achieved on EURUSD.
The EA applies modified versions of a trend-following strategy, half-pyramiding, scalping, Elliott Wave method and speculating trading with a deposit protection. The EA switches the strategies automatically. The program also takes the news calendar into account: the robot does not enter the market in a 10-minute interval before and after a news rel
The most profitable trend traders are the ones who know how to recognize not only the market trend, but also the trading opportunities that arise once a trend has been established. The Pz Trend Trading indicator has been designed to profit has much as possible from trends taking place in the maket.
Established trends offer dozens of trading opportunities, but most trend trading indicators neglect them completely, and leave the trader completely uninformed about what the market is doing during a
The script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels. This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels. Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.
Automation of the process of placing the Sell Stop pending orders, Stop Losses and T
MetaCOT 2 is a set of indicators and specialized utilities for the analysis of the U.S. Commodity Futures Trading Commission reports. Thanks to the reports issued by the Commission, it is possible to analyze the size and direction of the positions of the major market participants, which brings the long-term price prediction accuracy to a new higher-quality level, inaccessible to most traders.
These indicators, related to the fundamental analysis, can also be used as an effective long-term filte
Auto Trade Copier is designed to copy trades between multi MetaTrader 5 accounts/terminals with 100% accuracy.
With this tool, you can act as either a provider (source) or a receiver (destination). All trading actions will be copied from the provider to the receiver with no delay.
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Followings are highlight features:
Switch between Provider or Receiver role within one tool.One provider can copy tr
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Receiver - new and improved multi-terminal positions copier for your real/demo account, works faster, requires less, flexible in managing and upgrading, new information support. This Expert Advisor is designed for the MetaTrader 5 terminal, trades will be copied into this terminal.
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The script creates account summary report in a separate window.
The report can be created for all deals and on deals for selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The script creates account summary report in a separate window.
The report can be created for all deals and for deals of the selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
Averager is intended for averaging your deals that has had a drawdown or had gone against the trend.
An example of operation of the averager in an Exeprt Advisor in the MetaTrader 5 terminal: Exp - TickSniper. The system is identical to the averaging system created for MetaTrader 4. A demo version of the averager for MetaTrader 5: Averager DEMO.Note: this is not an automated trading system (the EA doesn't work in the strategy tester). It monitors your deals and averages them in case o
The indicator determines the inside bar and marks its High/Low. It is plotted based on the closed candles (does not redraw). The identified inside bar can be displayed on the smaller periods. You may set a higher period (to search for the inside bar) and analyze on a smaller one. Also you can see the levels for Mother bar.
Period to find Inside Bar — the period to search for the inside bar. If a specific period is set, the search will be performed in that period. Al
Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher proba
The indicator displays economic news on the currency chart (the appropriate data must be downloaded from the Internet - please see the download instructions on the screenshots provided). The list of currencies (countries) is customizable. By default it shows all currencies. The main parameters come with a built-in description. In addition, there are parameters for advanced users. News items are divided into 3 categories by degree of importance. There is a great flexibility in display parameter s
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Source - new and improved multi-terminal positions copier for your real / demo account, works faster, requires less, flexible in managing and upgrading, new information support. This expert is designed for terminal MetaTrader5 from which the position will be copied.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention Buttons for re
The Heiken Ashi indicator drawn using a tick chart. It draws synthetic candlesticks that contain a definite number of ticks.
option prices - price option. It can be Bid, Ask or (Ask+Bid)/2. the number of ticks to identify Bar - number of ticks that form candlesticks. price levels count - number of displayed price levels (no levels are displayed if set to 0 or a lower value). calculated bar - number of bars on the chart.Buffer indexes: 0 - OPEN, 1 - HIGH, 2 - LOW, 3 - CLOSE.
COSMOS4U Volume indicator facilitates your trade decisions. It gives confirmation of the running movement and market trends. It highlights current and past accumulation and distribution volumes, comparing them to moving average volume and the highest volume. In addition, it identifies and marks nuances as well as convergence and divergence patterns of bears and bulls in order to provide the market trend and price ranges.
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Fast Volume Moving Average Slow
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the market in
The Expert Advisor implements the classic "triangular arbitrage", which is successfully used by hedge funds.
"Triangular" arbitrage refers to a class of neutral-market strategies, in which the profit or loss of open positions does not depend on the direction of the market movement as a whole.
In order to take profit, the EA exploits a weak spot of market makers - it utilizes the difficulty of balancing cross rates of all currency pairs.
The advantages of the strategy are the following:
Auto Trade Driver is an automatic powerful tool (run as Expert Advisor) that helps you to manage risk and control orders and maximize your profit in multi-protect/trailing-stop rules.
This tool is very useful for both scalpers and trend followers. It not only calculates the trade risk exactly, but also protects and maximizes your profits in real-time.
With this tool, the only thing you have to do is to enter trade by your own strategy, then it will auto-drive your position with exit strategy y
Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using.
Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
A script for opening a grid of orders
If you need to quickly open several pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop) on a certain distance from the current price, this script will do all the routine for you! Allow AutoTrading before running the script.
Run the script on a chart.
Language of messages displayed (EN, RU, DE, FR, ES) - language of the output messages (English, Russian, German, French, Spanish). Price for open - open price. If set to
Virtual TrailingStop is an Expert Advisor that manages trailing stop without sending its information to the broker server.
EnableVirtualTrailingStop: enable or disable whole function VirtualTrailingStop: the pip use for determine how far the Virtual Trailing Stop will placed calculated from current price StartFromBreakEven: true/false. If true, Virtual Trailing Stop will placed after breakeven BreakEvenPoint: point profit from order open price where the Virtual T
MACD All MAs-14 is a MACD indicator that allows choosing usual parameters of the standard MACD (constructed from EMA) as well as the type of the moving average to be applied: up to 14 different types.
You can select 9 standard MAs available in MetaTrader 5 - SMA, EMA, SMMA, LWMA, DEMA, TEMA, Frama, VIDYA, AMA, TRIX, and 4 non-standard - LRMA, HMA, JMA, AFIRMA.
Method MA - select the type of moving average to be displayed in the current graph. Period slow MA - the number
The script allows users to easily close positions if their profit/loss reaches or exceeds a value specified in pips.
Please set slippage value first. Sometimes some positions do not close due to high volatility of the market. Please set larger slippage or restart the script.
Exp COPYLOT CLIENT for MT5 is a copier for the МetaТrader 5 platform. It copies forex trades from any accounts. Including those from terminals МТ5 and МТ4.
Install the Expert Advisor in the terminal where you want to copy trades. Specify any text label name as pathRead, for example, "COPY". This should match the master terminal (to bind the two terminals). To copy trades, you need to install the free Master copier in the terminal from where you want to copy the trades: COPYLOT
Easy Order is an Expert Advisor allowing you to enter any type of trade with one click based on your RISK preferences.
You can choose to enter a trade and automatically calculate your lot size based on how much of your account you want to risk. Risk is calculated based on your Stop Loss placement. You can use a fixed lot size if you don't want to use risk based calculation of lot size. Your previous setting of risk based or fixed lot size remains saved for your next use of this Expert Advi
The situation was not changed so much since yesterday Monday for example :
1. D1 timeframe is still on bearish
MetaTrader Trading Platform Screenshots
USDCAD, D1, 2013.10.22
MetaQuotes Software Corp., MetaTrader 5, Demo
USDCAD D1 bearish
2. H4 timeframe : flat is finishing with bearish market continuing
USDCAD, H4, 2013.10.22
USDCAD H4 : bearish started after flat
I want to remind that we are having NFP today (this is highest impacted news event which affected on all the pairs) :
newdigital, 2013.10.22 14:49
if actual > forecast = good for currency (for USD in our case)
September Nonfarm Payrolls Miss 148K vs Exp. 180K; Unemployment Rate Drops to 7.2%
jobs are a disappointment at 148K vs expectations of 180K and private
jobs only 126K well below the 180K expected, but August was revised
higher this time, from 169K to 193K. Net for the two months, largely a
nonfarm payroll employment increased by 148,000 in September, with
gains in construction, wholesale trade, and transportation and
warehousing. *Over the prior 12 months, employment growth averaged
185,000 per month.
USDCAD, M5, 2013.10.22
USDCAD M5 with NFP
newdigital, 2013.10.23 16:21
if actual > forecast = good for currency (for CAD in our case)
The Bank of Canada today announced that it is maintaining its target
for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1
1/4 per cent and the deposit rate is 3/4 per cent.
The global economy is expected to expand modestly in 2013, although
its near-term dynamic has changed and the composition of growth is now
slightly less favourable for Canada. The U.S. economy is softer than
expected but as fiscal headwinds dissipate and household deleveraging
ends, growth should accelerate through 2014 and 2015. The nascent
recovery in Europe, while modest, has surprised on the upside. China’s
economy is showing renewed momentum, while growth in a number of other
emerging market economies has slowed as their financial conditions have
tightened. Overall, the global economy is projected to grow by 2.8 per
cent in 2013 and accelerate to 3.4 per cent in 2014 and 3.6 per cent in
In Canada, uncertain global and domestic economic conditions are
delaying the pick-up in exports and business investment, leaving the
level of economic activity lower than the Bank had been expecting. While
household spending remains solid, slower growth of household credit and
higher mortgage interest rates point to a gradual unwinding of
household imbalances. The Bank expects that a better balance between
domestic and foreign demand will be achieved over time and that growth
will become more self-sustaining. Real GDP growth is projected to
increase from 1.6 per cent in 2013 to 2.3 per cent in 2014 and 2.6 per
cent in 2015. The Bank expects that the economy will return gradually to
full production capacity, around the end of 2015.
USDCAD, M5, 2013.10.23
USDCAD M5 : 54 pips price movement by CAD - Overnight Rate Target
The name of the thread is USDCAD Technical Analysis 20.10 - 27.10 : Bearish before Rally? so we are having this rally now :
USDCAD, D1, 2013.10.23
Market Condition Evaluation based on standard indicators in Metatrader 5
newdigital, 2013.01.22 14:18
So, just to summarize few pages on this topic onto 1 comment:
1. Trend following1.1. Primary trend- Uptrend (bullish)- Downtrend (bearish)
1.2. Secondary trend.- Correction- Bear Market Rally
2. Overbough/oversold ('top-and-bottom')
There are some more: flat (or non-trading market condition), and ranging market condition. Some people say that flat and ranging are part of secondary trend together with correction and bear market rally; the other people are talking about flat and ranging as separated market condition which can be under item #4 (flat) and item #5 (ranging). I think, the true may be the following: flat and ranging are the part of secondary trend under trend following. If yes so the resultant classification may be the following:
1.2. Secondary trend.- Correction- Bear Market Rally- Flat (non-trading)- Ranging
newdigital, 2013.10.24 15:13
2013-10-24 12:30 GMT (or 14:30 MQ MT5 time) | [USD - Trade Balance]
U.S. Trade Deficit Widens Less Than Expected In August
With the value of imports and exports showing little change in the
month of August, the Commerce Department released a report on Thursday
showing that the U.S. trade deficit for the month widened only slightly.
report said the trade deficit ticked up to $38.8 billion in August from
a revised $38.6 billion in July. Economists had expected the deficit to
widen to $40.0 billion from the $39.1 billion originally reported for
the previous month.
The Commerce Department said the value of
imports was virtually unchanged at $228.0 billion, while the value of
exports edged down to $189.2 billion from $189.3 billion.
newdigital, 2013.10.24 15:21
2013-10-24 13:00 GMT (or 15:00 MQ MT5 time) | [USD - Markit Manufacturing PMI]
US: Markit Manufacturing PMI fell to 51.1 in October
The advanced gauge of the manufacturing PMI sponsored by Markit dropped
to 51.1 for the month of October, missing the median at 52.5 and down
from September’s 52.8
USDCAD, M5, 2013.10.24
+7 and -8 price movement by USD - Trade Balance and USD - Markit Manufacturing PMI
Indicators: DeMarker (DeM)
newdigital, 2013.09.20 13:17
The DeMarker indicator named after Thomas DeMark is a momentum
oscillator very similar in nature to the Relative Strength Index (RSI)
developed by Welles Wilder. By comparing inter-period price maxima and
minima the DeMarker indicator attempts to gather information about price
movements to help determine the underlying trend strength and identify
over-bought/sold trade conditions. One of the main benefits of the
DeMarker indicator like the RSI is that they are less prone to
distortions seen in indicators such as the Rate of Change (ROC), which
are introduced by erratic price movements at the start of the analysis
window which can cause sudden shifts in the momentum line even when the
current price is little changed.
The Default time span for the calculation of the DeMarker indicator
is 14 periods. The overbought and oversold lines are typically drawn at
0.7 and 0.3, respectively. Longer time spans in the calculation will
result in shallower swings in the oscillator and vice versa, accordingly
traders may wish to construct narrower overbought and oversold lines
for longer time periods. DeMarkers based on short time spans experience
greater volatility and are more suitable for indicating overbought and
oversold conditions, whereas longer time spans with more stable
trajectories are better suited for constructing trend-lines and
analyzing price patterns.
Traders should look to go long when the DeMarker falls below 0.3 and
rises back above it or where there is a bullish divergence with price
where the first trough is below 0.3. Traders should look to go short
when the DeMarker rises above 0.7 and falls back below it or where there
is a bearish divergence with price where the first peak is above 0.70.
Failure swings (see RSI for example of a failure swing) strengthen other
Traders should look to go long during an up-trend, when the DeMarker
falls below 0.4 and rises back above it and go short in a down trend
when the DeMarker rises above 0.6 and falls back below it. Traders may
wish to take profit on divergences or exit using a trend indicator.
Traders should avoid selling/buying at overbought/oversold levels in
strongly trending markets as subsequent periods of sideways trading can
return the oscillator to more normal levels without any material
favourable movement in the direction of the trade.