Here's what you need to know about the U.S. trading strategy - MQL4 and MetaTrader 4

Linuxser 2008.11.17 02:52 #91

Euro next close target is last low at 1.2330. Which also is level projection.

But weekly is not on the right position. Stochastic have not crossed down yet.

1.1639 target is still valid and I think we will be there for end year.

1.2330 is first peak previous to the three years (2006 to 2008) ride up. Right after 2005 low.

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On Balance Volume - On Balance Volume - On Balance Volume -

Linuxser 2008.12.01 08:37 #92

Pattern

H1 possible weak MACD pattern

H4 is favoring shorting. Sell below last M15 low 1.2620

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Linuxser 2008.12.02 03:50 #93

Linuxser:
H1 possible weak MACD pattern H4 is favoring shorting. Sell below last M15 low 1.2620

A few pips or probably zero exit but a nice example of MACD pattern.

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Linuxser 2008.12.02 03:56 #94

Another MACD pattern on cable. This is not a clean pattern because started above zero line but H1 chart was below (more bearish than bullish).

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Linuxser 2008.12.28 21:01 #95

Last two Currency Trader Mag have an inside days strategy.

Here's the file with both articles mixed to one. If you like to trade using a calc

Files:

insidedays.zip 965 kb

trade888 2009.01.04 20:00 #96

Inside bars

Interesting article, but I think the next step the author needs to take is what happens on the bar after the inside bar. He looked at what the trend was coming into the inside bar and the close of the inside bar.

What I look for; is which way is the inside bar taken out on the following bar.

The inside bar (indecision bar) maybe a continuation signal in which case it should be taken out in the trend direction it was in. The takeout of the inside bar becomes a trade signal continuing trend.

The inside bar (indecision bar) maybe a reversal signal in which case it should be taken out in the opposite direction the trend was in. And that becomes a trade signal to reverse.

Attached are indicators for inside bars and inside and outside bars.

Files:

insidebar2.mq4 3 kb

insideoutsidebar2.mq4 3 kb

Parabolic SAR - Trend Parabolic SAR - Trend Parabolic SAR - Trend

Linuxser 2009.01.15 00:23 #97

Problems of Technical Analysis Revisited - MQL4 Articles

I highly recommend to read that articles and make your own conclusions.

Linuxser 2009.01.18 20:19 #98

Ta?

This words just comes from J Murphy.

Please, read it carefully. The "why most are wrong" is between the words... also why is not needed to lost your soul developing overcomplicated, super colored and fully alerted (massage included) indicators.

TECHNICAL ANALYSIS 101 - PART 1

This is the first part of a series of articles about Technical Analysis from a new course we're developing. If you are new to charting, these articles will give you the "big picture" behind the charts on our site. if you are an "old hand", these articles will help ensure you haven't "strayed too far" from the basics. Enjoy!

Defining Technical Analysis

Technical analysis is the study of price and volume changes over time. Technical analysis usually involves the use of financial charts to help study these changes. Any person who analyzes financial charts can be called a Technical Analyst.

Despite being surrounded with data, charts, raw numbers, mathematical formulas, etc., technical analysts are really studying human behavior - specifically the behavior of crowds with respect to fear and greed. All of the investors that have any kind of interest in a particular stock can be considered to be "the market" for that particular stock and the emotional state of those investors is what determines the price for that stock. If more investors feel the stock will rise, it will! If more feel that the stock will fall, then fall it will. Thus, a stock's price change over time is the most accurate record of the emotional state - the fear and the greed - of the market for that stock and thus, technical analysis is, at its core, a study of crowd behavior.

"Weathering" the Market

When was the last time you saw a 100% accurate weather forecast for your area? Chances are that at least some of the weather predictions your local weather person tells you won't come to pass. In many cases, most of the predictions are wrong. So why do we keep listening to weather forecasts?

Weather forecasts are useful because they help us prepare for what is likely. If the forecast calls for rain, we bring our umbrellas with us when we go out. If sunshine is predicted, we bring our sunglasses. We know that we might not need these things, but more than likely we will and we like to be prepared.

Technical analysis is very similar to weather forecasting. Good technical analysts know that T/A can prepare you for what is likely to happen but, just like many weather forecasts, things can change in unpredictable ways. Here are some other ways that technical analysis is like weather forecasting:

Weather forecasters measure temperature and air pressure and then use that data to determine more about the factors that cause weather changes - i.e., fronts, high pressure, low pressure, etc. Technical analysts use price and volume to determine more about the factors that cause market changes - i.e. fear and greed, trends, reversals, support, etc.
Despite huge quantities of weather data at their disposal, weather forecasters still use their experience and intuition when creating each forecast. Technical analysis also draws heavily from the experience and intuition of the person doing the analysis (you!).
Accurate weather forecasting requires local knowledge and experience. A forecaster from Florida that moves to Alaska will need time to become familiar with Alaska's weather patterns. Similarly, technical analysis requires experience and knowledge about the kinds of markets being charted - stocks are different from commodities which are different from mutual funds, large stocks are different from small stocks, etc.
In the early days of weather forecasting, charlatans tried to convince people that they could somehow control the weather or that their predictions where always accurate. Unfortunately, even today, you can find people making similar claims about technical analysis.
Weather forecasts tend to be most accurate when things aren't changing. If it has been sunny for the past three days and no big weather systems are approaching, chances are it will be sunny again today. Technical analysis also works well when conditions aren't changing dramatically. Both disciplines have more trouble with predicting exactly when big changes will occur.
Both weather forecasting and technical analysis work well for the "mid-sized view." While predicting the weather for a large city is possible, predicting things for a city block is very hard. Similarly, second-by-second technical analysis can be extremely tricky; daily and weekly analysis is more reliable. Conversely, predicting weather for the country as a whole (i.e., "It will be sunny in the US today") and predicting the market as a whole (i.e., "This year stocks will go up") are too broad to be useful.

It is easy to lose perspective on what technical analysis can and cannot do. Try to remember this comparison with weather forecasting to keep yourself aware of its benefits and limitations.

Next time, we'll look at the real goal of Technical Analysis, why it works, and how it can be misused.

Elliott Wave Theory - Articles on the development Jobless Claims (Initial Claims)