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

Sergey Golubev
Moderator
114338
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

MetaTrader Trading Platform Screenshots

USDCHF, M1, 2013.03.22

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf breakdown

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

Sergey Golubev
Moderator
114338
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
Moderator
114338
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

MetaTrader Trading Platform Screenshots

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.

MetaTrader Trading Platform Screenshots

USDCHF, H1, 2013.03.22

MetaQuotes Software Corp., MetaTrader 5, Demo

breakout_1

USDCHF, H1, 2013.03.22, MetaQuotes Software Corp., MetaTrader 5, Demo

 

 

MetaTrader Trading Platform Screenshots

EURUSD, H1, 2013.03.22

MetaQuotes Software Corp., MetaTrader 5, Demo

breakout_2

EURUSD, H1, 2013.03.22, MetaQuotes Software Corp., MetaTrader 5, Demo

Sergey Golubev
Moderator
114338
Sergey Golubev  

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

MetaTrader Trading Platform Screenshots

EURUSD, H1, 2013.03.22

MetaQuotes Software Corp., MetaTrader 5, Demo

EURUSD trading for today

EURUSD, H1, 2013.03.22, MetaQuotes Software Corp., MetaTrader 5, Demo


 

MetaTrader Trading Platform Screenshots

USDCHF, H1, 2013.03.22

MetaQuotes Software Corp., MetaTrader 5, Demo

USDCHF trading for today

USDCHF, H1, 2013.03.22, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
114338
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

MetaTrader Trading Platform Screenshots

EURUSD, M30, 2013.03.25

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd m30

EURUSD, M30, 2013.03.25, MetaQuotes Software Corp., MetaTrader 5, Demo 

 

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

MetaTrader Trading Platform Screenshots

EURUSD, H1, 2013.03.25

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd h1

EURUSD, H1, 2013.03.25, MetaQuotes Software Corp., MetaTrader 5, Demo

  

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

MetaTrader Trading Platform Screenshots

EURUSD, H4, 2013.03.25

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd h4

EURUSD, H4, 2013.03.25, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
114338
Sergey Golubev  

USDCHF.

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

MetaTrader Trading Platform Screenshots

USDCHF, M30, 2013.03.25

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf m30

USDCHF, M30, 2013.03.25, MetaQuotes Software Corp., MetaTrader 5, Demo


MetaTrader Trading Platform Screenshots

USDCHF, H1, 2013.03.25

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf h1

USDCHF, H1, 2013.03.25, MetaQuotes Software Corp., MetaTrader 5, Demo


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:

MetaTrader Trading Platform Screenshots

USDCHF, H4, 2013.03.25

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf h4

USDCHF, H4, 2013.03.25, MetaQuotes Software Corp., MetaTrader 5, Demo


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
Moderator
114338
Sergey Golubev  

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

MetaTrader Trading Platform Screenshots

EURUSD, M30, 2013.03.25

MetaQuotes Software Corp., MetaTrader 5, Demo

EURUSD, M30, 2013.03.25, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
114338
Sergey Golubev  
newdigital:

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

MetaTrader Trading Platform Screenshots

EURUSD, M30, 2013.03.25

MetaQuotes Software Corp., MetaTrader 5, Demo


 

And it is final statement for today:

 

Files:
Sergey Golubev
Moderator
114338
Sergey Golubev  
It is the proof that the knowledge about market condition = money!
Sergey Golubev
Moderator
114338
Sergey Golubev  

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

MetaTrader Trading Platform Screenshots

EURUSD, M30, 2013.03.26

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd m30 ranging

EURUSD, M30, 2013.03.26, MetaQuotes Software Corp., MetaTrader 5, Demo