Market Condition Evaluation based on standard indicators in Metatrader 5 - page 29

Sergey Golubev
Moderator
114292
Sergey Golubev  

There is some interesting situation for USDCHF may be going in the near future. Just look at USDCHF H1 chart:

Charts / USDCHF, H1, 2013.03.20 — MetaQuotes Software Corp., MetaTrader 5, Demo

Chart USDCHF, H1, 2013.03.20, MetaQuotes Software Corp., MetaTrader 5, Demo
Sergey Golubev
Moderator
114292
Sergey Golubev  

As I am uploading many charts with some short market condition description so I think - we need some explanation about some lines. Just look at this chart:

 

Sergey Golubev
Moderator
114292
Sergey Golubev  

Market Condition Evaluation

story/thread was started from here/different thread

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Market condition

  • the theory with examples (primary trend, secondary trend) - read staring from this post till this one
  • Summary about market condition theory is on this post 

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3 Stoch MaFibo trading system for M5 and M1 timeframe 

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PriceChannel ColorPar Ichi system.

 

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MaksiGen trading system 

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 Merrill's patterns are on this page.

 

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Divergence - how to use, explanation and where to read about.

  

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Scalp_net trading system

  • template/indicators and how to use are on this comment.

  • scalp_net_v132_tf EA is on this post with optimization results/settings for EURUSD M5 timeframe
     
  • possible settings #1 for this EA for EURUSD M5 timeframe with backtesting results is on this post.
     

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MTF systems 

more to follow ... 

Sergey Golubev
Moderator
114292
Sergey Golubev  
This is breakdown for USDCHF on close bar and breakout for EURUSD on open bar. Leading pair for this movement is USDCHF but the situation with EURUSD is more good as EURUSD is not on ranging zone but USDCHF is already inside Ichimoku cloud (ranging zone).
Sergey Golubev
Moderator
114292
Sergey Golubev  

This is the statement for this market condition (just for few hours):

 

Files:
Sergey Golubev
Moderator
114292
Sergey Golubev  

This is the final statement for today related to the market condition evaluation made today in the morning:

 

Files:
Sergey Golubev
Moderator
114292
Sergey Golubev  

I came too late this celebration (big price movement):

Charts / EURUSD, H1, 2013.03.21 — MetaQuotes Software Corp., MetaTrader 5, Demo

Chart EURUSD, H1, 2013.03.21, MetaQuotes Software Corp., MetaTrader 5, Demo

 

Charts / USDCHF, H1, 2013.03.21 — MetaQuotes Software Corp., MetaTrader 5, Demo

Chart USDCHF, H1, 2013.03.21, MetaQuotes Software Corp., MetaTrader 5, Demo

but I will try to get few pips anyway. 

Sergey Golubev
Moderator
114292
Sergey Golubev  

This is the final statement for today:

 

So, as a conclusion for today - this kind of knowledge about market condition = more money in trading. 

Files:
Sergey Golubev
Moderator
114292
Sergey Golubev  
I will not upload screenshots for now (because I opened few trades for USDCHF and EURUSD now) but from what I see - it is ranging market condition for both the pairs especially for USDCHF; and the leading pair in this situation is EURUSD.
Sergey Golubev
Moderator
114292
Sergey Golubev  

Breakdown is going on for USDCHF right now:

MetaTrader Trading Platform Screenshots

USDCHF, M1, 2013.03.22

MetaQuotes Software Corp., MetaTrader 5, Demo

USDCHF M1 possible breakdown

USDCHF, M1, 2013.03.22, MetaQuotes Software Corp., MetaTrader 5, Demo