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Market Condition Evaluation based on standard indicators in Metatrader 5 - page 223

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Sergey Golubev
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Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2017.12.20 07:26

Danske Bank: 'Firmly Headed' Into 1.20s In 2018 (based on the article)

Weekly price is on bullish ranging market condition located above Ichimoku cloud and within 1.1554 support level for the secondary correction to be started and 1.1961 resistance level for the bullish trend to be continuing with 1.2092 weekly target.


  • "We see risks in EUR/USD tilted to the upside for 2018 as a whole." 
  • "We are long EUR/USD on a 12M horizon via options in 2018."

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The chart was made on W1 timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicator from CodeBase:


Sergey Golubev
Moderator
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Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

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Sergey Golubev, 2017.12.28 11:22

Gold Price Forecast For 2018, 2019, 2020 And 2021 (based on the article)



  • Gold Price forecast for December 2017.
    In the beginning price at 1272 Dollars. High price 1357, low 1227. The average for the month 1287. The Gold Price forecast at the end of the month 1292, change for December 1.6%.
  • Gold Price forecast for January 2018.
    In the beginning price at 1292 Dollars. High price 1361, low 1231. The average for the month 1295. The Gold Price forecast at the end of the month 1296, change for January 0.3%.
  • Gold Price forecast for February 2018.
    In the beginning price at 1296 Dollars. High price 1355, low 1226. The average for the month 1292. The Gold Price forecast at the end of the month 1290, change for February -0.5%.
  • Gold Price forecast for March 2018.
    In the beginning price at 1290 Dollars. High price 1357, low 1227. The average for the month 1292. The Gold Price forecast at the end of the month 1292, change for March 0.2%.
  • Gold Price forecast for April 2018.
    In the beginning price at 1292 Dollars. High price 1306, low 1182. The average for the month 1256. The Gold Price forecast at the end of the month 1244, change for April -3.7%.
  • Gold Price forecast for May 2018.
    In the beginning price at 1244 Dollars. High price 1365, low 1235. The average for the month 1286. The Gold Price forecast at the end of the month 1300, change for May 4.5%.
  • Gold Price forecast for June 2018.
    In the beginning price at 1300 Dollars. High price 1395, low 1263. The average for the month 1322. The Gold Price forecast at the end of the month 1329, change for June 2.2%.
  • Gold Price forecast for July 2018.
    In the beginning price at 1329 Dollars. High price 1367, low 1237. The average for the month 1309. The Gold Price forecast at the end of the month 1302, change for July -2.0%.
  • Gold Price forecast for August 2018.
    In the beginning price at 1302 Dollars. High price 1377, low 1245. The average for the month 1309. The Gold Price forecast at the end of the month 1311, change for August 0.7%.
  • Gold Price forecast for September 2018.
    In the beginning price at 1311 Dollars. High price 1388, low 1256. The average for the month 1319. The Gold Price forecast at the end of the month 1322, change for September 0.8%.
  • Gold Price forecast for October 2018.
    In the beginning price at 1322 Dollars. High price 1388, low 1256. The average for the month 1322. The Gold Price forecast at the end of the month 1322, change for October 0.0%.
  • Gold Price forecast for November 2018.
    In the beginning price at 1322 Dollars. High price 1428, low 1292. The average for the month 1351. The Gold Price forecast at the end of the month 1360, change for November 2.9%.
  • Gold Price forecast for December 2018.
    In the beginning price at 1360 Dollars. High price 1504, low 1360. The average for the month 1414. The Gold Price forecast at the end of the month 1432, change for December 5.3%.


============

The chart was made on Metatrader 5 with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:


Chris Mukengeshayi
879
Chris Mukengeshayi  

Could we please get one for GBPUSD, NZDUSD or basically for all major currency in one new thread called perhaps "Major Currency Pairs Forecast"

Sergey Golubev
Moderator
101646
Sergey Golubev  
Chris K Lazarius Mukengeshayi:

Could we please get one for GBPUSD, NZDUSD or basically for all major currency in one new thread called perhaps "Major Currency Pairs Forecast"


There are a lot of forecasting/technical analysis threads (basicly moved from tsd forum to here) so no need the other one sorry.

There is forecasting post for EUR/USD, AUD/USD, GBP/USD, Oil and Gold. I will make the next ones today or tomorrow.

Chris Mukengeshayi
879
Chris Mukengeshayi  
Sergey Golubev:

There are a lot of forecasting/technical analysis threads (basicly moved from tsd forum to here) so no need the other one sorry.

There is forecasting post for EUR/USD, AUD/USD, GBP/USD, Oil and Gold. I will make the next ones today or tomorrow.


alright thanks, much appreciate 

RichardSW Dennis
28
RichardSW Dennis  

I have been highly recommended for technical analysis and there are a lot of people who work this way, but is it profitable? What are the disadvantages of this method of work?

Chris Mukengeshayi
879
Chris Mukengeshayi  
RichardSW Dennis:

I have been highly recommended for technical analysis and there are a lot of people who work this way, but is it profitable? What are the disadvantages of this method of work?


Yes, its profitable, its sort of giving you a close accuracy entry in the analysis of the market.

Read about this one https://www.mql5.com/en/articles/3690

its very good when you understand, the market will be your best friend :-)

or this one https://www.mql5.com/en/forum/290#comment_611476

I like the one of Left shoulder, Head, and Right shoulder

The NRTR indicator and trading modules based on NRTR for the MQL5 Wizard
The NRTR indicator and trading modules based on NRTR for the MQL5 Wizard
  • 2017.12.28
  • Dmitrii Troshin
  • www.mql5.com
In this article we consider an indicator that builds a dynamic price channel. A trading Expert Advisor is created based on this channel. Such systems can perform well in trend periods, but give a lot of false signals in flat movements. Therefore additional trend indicators are required. Choosing an appropriate indicator is not an easy task, and...
Sergey Golubev
Moderator
101646
Sergey Golubev  
Sergey Golubev
Moderator
101646
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2018.01.06 10:58

GOLD - daily bullish above high last weekly bar; 1,325 is the key (based on the article)

Daily price is located above Ichimoku cloud in the bullish area of the chart: the price broke Ichimoku cloud to above for the breakout with the bullish reversal. For now, the price is breaking the resistance level at 1,325 for the bullish trend to be continuing.


  • "Spot Gold: Retail trader data shows 64.5% of traders are net-long with the ratio of traders long to short at 1.81 to 1. The number of traders net-long is 2.6% lower than yesterday and 12.8% lower from last week, while the number of traders net-short is 5.4% lower than yesterday and 12.7% higher from last week."
  • "We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Spot Gold prices may continue to fall. Positioning is more net-long than yesterday but less net-long from last week. The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias."

---------------- 

The chart was made on D1 timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicator from CodeBase:


Sergey Golubev
Moderator
101646
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2018.01.11 09:20

Crude Oil - bullish breakout; 70 resistance is the key (based on the article)

Daily price is on bullish breakout located above Ichimoku cloud in the bullish area of the chart: the price is testing resistance level at 69.34 together with ascending triangle pattern to above for the bullish trend to be continuing.


  • "In a world where crypto currency momentum seems to defy physics, Crude Oil’s bid does not appear to be purely speculative fervor. Instead, there has been a steady drop in U.S. crude stockpiles backed by refiner demand. The drop in stockpiles has lead to backwardation where front month futures contracts are receiving a premium over later dated future contracts. In a commodity market, backwardation is a way of using the financial market’s collective intelligence to signal market tightening, which is backed by OPEC’s production cuts and steady global demand."
  • "The December 2018 Brent Crude Oil futures contract is currently at a $3.63/bbl premium to the December 2019 contact. The demand is aligning with price support. The irony of the current state of the Oil market is that things are looking too good to some. Iran's Oil Minister, Bijan Namda Zanganeh recently said, "Members of [OPEC] are not keen on increased Brent crude prices above $60/bbl because of shale oil." Prices of Brent Oil's front month contract reached an intraday high of $69.37 on Wednesday."
  • "The message behind the weekly inventory report out of the United States was that the overall petrol glut is continuing to shrink, and has done so for the eighth straight week. The US Crude Inventory drop registered at 4.95m barrels per the EIA. Of course, traders are often looking for the next item to round the corner, and that is looking to individual crude products that refiners have been so aggressively turning into usable products, which are not being sold downstream as fast as an oil bull would hope."

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Charts were made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

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Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4 
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread

After

  1. The main AscTrend thread is this one.
  2. Asctrend indicator in depth 
  3. ASCTREND SYSTEM summary (good EAs included) 
  4. Brainwashing system/AscTrend system (MT5) - the thread  

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