Market Condition Evaluation based on standard indicators in Metatrader 5 - page 30

[Sergey Golubev]

It is not too late :) if price will cross 0.9455 level from above to below so we can get some pips in profit

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USDCHF, M1, 2013.03.22

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf breakdown

[Sergey Golubev]

This is ranging market condition for now at least for 2 majors. I am having a felling that someone (some government) is trying to move the market to "their right side" but market does not want to :) Anyway - it is Friday.

[Sergey Golubev]

newdigital:

It is not too late :) if price will cross 0.9455 level from above to below so we can get some pips in profit

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USDCHF, M1, 2013.03.22

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf breakdown

It is the situation for right now (see 2 screenshots below). We can see buy and sell trades opened by me - it is in profit by equity for now.

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USDCHF, H1, 2013.03.22

MetaQuotes Software Corp., MetaTrader 5, Demo

breakout_1

 

 

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EURUSD, H1, 2013.03.22

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breakout_2

[Sergey Golubev]

And this is the final trades for today: +80 pips for equity for now

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EURUSD, H1, 2013.03.22

MetaQuotes Software Corp., MetaTrader 5, Demo

EURUSD trading for today

 

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USDCHF, H1, 2013.03.22

MetaQuotes Software Corp., MetaTrader 5, Demo

USDCHF trading for today

[Sergey Golubev]

Just some interesting pairs to trade for this week.

 

EURUSD M30 - primary trend is bullish with secondary correction. But it may be breakdown soon this timeframe. We should wait and monitor this pair - once Chinkou Spam line will cross the price on close bar - we can open sell trade. Nearest resistance on this way is 1.2986

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EURUSD, M30, 2013.03.25

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd m30

 

 

EURUSD H1 - it is same situation for H1 (same with M30) - primary bullish with bearish correction. resistance is 1.2972

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EURUSD, H1, 2013.03.25

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd h1

  

EURUSD H4 - it is very interesting situation for this timeframe: price is reversing from bullish to bearish butr on open bar for now sorry (we need to wait for at least 1 H4 bar just to be sure about). We should watch this timeframe too - if new H4 bar will be opened below Ichimoku cloud so it is indicating this reversal

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EURUSD, H4, 2013.03.25

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd h4

[Sergey Golubev]

USDCHF.

It is exact opposite situation for USDCHF (opposite with EURUSD) for M30 and H1 timeframes:

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USDCHF, M30, 2013.03.25

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf m30

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USDCHF, H1, 2013.03.25

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf h1

but different with H4. we were talking about possible reversal for EURUSD H4 but we can not see any reversal in the near future for USDCHF H4 timeframe:

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USDCHF, H4, 2013.03.25

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf h4

So, for my undersanding - we may see just bearish correction for EURUSD H4 and good breakout/breakdown for EURUSD M30 and USDCHF M30. 

[Sergey Golubev]

By the way - I've already opened few sell trades just to continuing to make scalping during the market condition evaluation

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EURUSD, M30, 2013.03.25

MetaQuotes Software Corp., MetaTrader 5, Demo

[Sergey Golubev]

newdigital:

By the way - I've already opened few sell trades just to continuing to make scalping during the market condition evaluation

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EURUSD, M30, 2013.03.25

MetaQuotes Software Corp., MetaTrader 5, Demo

 

And it is final statement for today:

 

[Sergey Golubev]

It is the proof that the knowledge about market condition = money!

[Sergey Golubev]

This is real example about ranging market condition - just look at Absolute Strength indicator - "buy" line is going together with "sell" line:

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EURUSD, M30, 2013.03.26

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd m30 ranging