Market Condition Evaluation based on standard indicators in Metatrader 5 - page 32

 

And this is updated statement for today:

 

So, this is the other proof that knowledge about market condition = profit! 

Files:
2703usdjpy.zip  20 kb
 

There is ranging market condition for most majors for now so not so much to talk about market condition - too risky to trade for today sorry. You can see the levels (s/r lines) from those screenshots below.

MetaTrader Trading Platform Screenshots

EURUSD, M30, 2013.03.28

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd m30 ranging

EURUSD, M30, 2013.03.28, MetaQuotes Software Corp., MetaTrader 5, Demo 


 

MetaTrader Trading Platform Screenshots

USDCHF, M30, 2013.03.28

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf m30 ranging

USDCHF, M30, 2013.03.28, MetaQuotes Software Corp., MetaTrader 5, Demo


 

MetaTrader Trading Platform Screenshots

EURUSD, M5, 2013.03.28

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd m5 ranging

EURUSD, M5, 2013.03.28, MetaQuotes Software Corp., MetaTrader 5, Demo


 

MetaTrader Trading Platform Screenshots

USDCHF, M5, 2013.03.28

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf m5 ranging

USDCHF, M5, 2013.03.28, MetaQuotes Software Corp., MetaTrader 5, Demo


 

The same situation is for USDJPY and for GBPUSD - ranging.

I am trying to find some pair to trade for today sorry :) 

 

XAGUSD and XAUUSD are on flat or ranging way too

MetaTrader Trading Platform Screenshots

XAGUSD, M30, 2013.03.28

Alpari (UK) Ltd., MetaTrader 5, Demo

XAGUSD m30

XAGUSD, M30, 2013.03.28, Alpari (UK) Ltd., MetaTrader 5, Demo


 

MetaTrader Trading Platform Screenshots

XAUUSD, H4, 2013.03.28

Alpari (UK) Ltd., MetaTrader 5, Demo

XAUUSD H4

XAUUSD, H4, 2013.03.28, Alpari (UK) Ltd., MetaTrader 5, Demo

So, I did not find any pair to trade for today sorry. if the situation will be changed so we will see it. 


 

Breakdown is going on for AUDUSD right now:

MetaTrader Trading Platform Screenshots

AUDUSD, H4, 2013.03.28

MetaQuotes Software Corp., MetaTrader 5, Demo

audusd h4 breakout

AUDUSD, H4, 2013.03.28, MetaQuotes Software Corp., MetaTrader 5, Demo


but it is bearish correction. If the price will cross 1.0405 level from above so it will be ranging condition once again. Anyway - it may be good time to get few pips in profit. 

 

I've already made 1 sell trade - we can see it from those 2 screenshots:

MetaTrader Trading Platform Screenshots

AUDUSD, M1, 2013.03.28

MetaQuotes Software Corp., MetaTrader 5, Demo

audusd m1 sell

AUDUSD, M1, 2013.03.28, MetaQuotes Software Corp., MetaTrader 5, Demo


MetaTrader Trading Platform Screenshots

AUDUSD, M5, 2013.03.28

MetaQuotes Software Corp., MetaTrader 5, Demo

audusd m5

AUDUSD, M5, 2013.03.28, MetaQuotes Software Corp., MetaTrader 5, Demo


 
As to risky trading (I am not doing but just in case someone like it) - we can open buy for EURUSD and USDJPY and sell for USDCHF. But it is very risky because market in ranging condition) and it may be just few pips in profit only sorry.
 

This is example for EURUSD for now - breakout may be going soon on close bar. But as EURUSD H1 is on bearish now so it will be just a rally as secondary trend.

MetaTrader Trading Platform Screenshots

EURUSD, H1, 2013.03.28

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd h1

EURUSD, H1, 2013.03.28, MetaQuotes Software Corp., MetaTrader 5, Demo


 
newdigital:
As to risky trading (I am not doing but just in case someone like it) - we can open buy for EURUSD and USDJPY and sell for USDCHF. But it is very risky because market in ranging condition) and it may be just few pips in profit only sorry.

This is updated situation for now: +18 pips for USDCHF

MetaTrader Trading Platform Screenshots

USDCHF, H1, 2013.03.28

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf h1

USDCHF, H1, 2013.03.28, MetaQuotes Software Corp., MetaTrader 5, Demo


 +18 pips for EURUSD:

MetaTrader Trading Platform Screenshots

EURUSD, H1, 2013.03.28

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd h1

EURUSD, H1, 2013.03.28, MetaQuotes Software Corp., MetaTrader 5, Demo


and +5 pips for AUDUSD for now (see screenshot):

MetaTrader Trading Platform Screenshots

AUDUSD, H4, 2013.03.28

MetaQuotes Software Corp., MetaTrader 5, Demo

audusd h4

AUDUSD, H4, 2013.03.28, MetaQuotes Software Corp., MetaTrader 5, Demo


So, this is 41 pips (4 digit pips) in profit for today. 

 

This is update for our 3 pairs

MetaTrader Trading Platform Screenshots

EURUSD, H1, 2013.03.28

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd h1 updated

EURUSD, H1, 2013.03.28, MetaQuotes Software Corp., MetaTrader 5, Demo


MetaTrader Trading Platform Screenshots

USDCHF, H1, 2013.03.28

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf h1 update

USDCHF, H1, 2013.03.28, MetaQuotes Software Corp., MetaTrader 5, Demo


MetaTrader Trading Platform Screenshots

AUDUSD, H4, 2013.03.28

MetaQuotes Software Corp., MetaTrader 5, Demo

audusd h1 update

AUDUSD, H4, 2013.03.28, MetaQuotes Software Corp., MetaTrader 5, Demo


Reason: