Market Condition Evaluation based on standard indicators in Metatrader 5 - page 45

Sergey Golubev
Moderator
114338
Sergey Golubev  

Breakdown is going on for GBPUSD M30

MetaTrader Trading Platform Screenshots

GBPUSD, M30, 2013.04.30

MetaQuotes Software Corp., MetaTrader 5, Demo

gbpusd m30

GBPUSD, M30, 2013.04.30, MetaQuotes Software Corp., MetaTrader 5, Demo


so I opened sell trade using this system: PriceChannel Parabolic System 

Sergey Golubev
Moderator
114338
Sergey Golubev  

This is as a remider : the situation for right now which I call "ready to go". Do we see red dotted lines and blue dotted line? Those levels are possible pending orders (sell stop and buy stop), and those lines are possible support and resistance lines. M1 timeframe. Some traders call it as a scalping for example:

MetaTrader Trading Platform Screenshots

EURUSD, M1, 2013.04.30

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd m1

EURUSD, M1, 2013.04.30, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
114338
Sergey Golubev  

So, I place buy stop and sell stop orders - see here:

MetaTrader Trading Platform Screenshots

EURUSD, M1, 2013.04.30

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd buy stop sell stop

EURUSD, M1, 2013.04.30, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
114338
Sergey Golubev  
newdigital:

So, I place buy stop and sell stop orders - see here:


This is the situation for right now : +7 pips in profit (less than 10 pips). That is why the trades are using this term "scalping" if they are trading support and resistance on lower timeframe:

 

Sergey Golubev
Moderator
114338
Sergey Golubev  

It was big price movement for EURUSD and for some other pairs which was the results of several high impacted news events: USD Trade Balance and EUR ECB Press Conference:

MetaTrader Trading Platform Screenshots

GBPUSD, M30, 2013.05.02

MetaQuotes Software Corp., MetaTrader 5, Demo

gbpusd m30 forex news

GBPUSD, M30, 2013.05.02, MetaQuotes Software Corp., MetaTrader 5, Demo


MetaTrader Trading Platform Screenshots

GBPUSD, H1, 2013.05.02

MetaQuotes Software Corp., MetaTrader 5, Demo

gbpusd h1

GBPUSD, H1, 2013.05.02, MetaQuotes Software Corp., MetaTrader 5, Demo


Do not forget about Non-farm Payrolls at 12:30 GMT time tomorrow. 

Sergey Golubev
Moderator
114338
Sergey Golubev  

GBPUSD for H1 timeframe is already in bearish: bar was closed below Senkou Span B line (which is the border of Ichimoku cloud). Above this line is bullish and below - bearish. How to know this line on the chart? Move your mouse to the borders of the cloud and you will see the names of those lines.

MetaTrader Trading Platform Screenshots

GBPUSD, H1, 2013.05.02

MetaQuotes Software Corp., MetaTrader 5, Demo

gbpusd h1 bearish

GBPUSD, H1, 2013.05.02, MetaQuotes Software Corp., MetaTrader 5, Demo

But if we will talk about H4 timeframe so it is just a correction started under primary bullish ... same with D1 - correction may be started. So, nothing special with recent movement of GBPUSD for example. 


Sergey Golubev
Moderator
114338
Sergey Golubev  

NFP 

2013-05-03 12:30 GMT | [USD - Non-farm Payrolls

The screenshots for right now: 

MetaTrader Trading Platform Screenshots

EURUSD, M1, 2013.05.03

MetaQuotes Software Corp., MetaTrader 5, Demo

nfp

EURUSD, M1, 2013.05.03, MetaQuotes Software Corp., MetaTrader 5, Demo


MetaTrader Trading Platform Screenshots

GBPUSD, M30, 2013.05.03

MetaQuotes Software Corp., MetaTrader 5, Demo

nfp_1

GBPUSD, M30, 2013.05.03, MetaQuotes Software Corp., MetaTrader 5, Demo


MetaTrader Trading Platform Screenshots

USDJPY, M30, 2013.05.03

MetaQuotes Software Corp., MetaTrader 5, Demo

nfp_2

USDJPY, M30, 2013.05.03, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
114338
Sergey Golubev  

Just found interesting indicator in CodeBase - Price prediction by Nearest Neighbor found by a weighted correlation coefficient and we can make some "forecasting" for now :) why not? :)

we... this is for EURUSD D1:

MetaTrader Trading Platform Screenshots

EURUSD, D1, 2013.05.04

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd d1 forecasting

EURUSD, D1, 2013.05.04, MetaQuotes Software Corp., MetaTrader 5, Demo


As we see from the image - the price will be inside Ichimoku clioud for the whole next week, it means - ranging market condition.

=====

This is screenshot for USDCHF:

MetaTrader Trading Platform Screenshots

USDCHF, D1, 2013.05.04

MetaQuotes Software Corp., MetaTrader 5, Demo

USDCHF d1 forecasting

USDCHF, D1, 2013.05.04, MetaQuotes Software Corp., MetaTrader 5, Demo


This is same situation with USDCHF: price will be inside Ichimoku cloud for the next week. 

Sergey Golubev
Moderator
114338
Sergey Golubev  
newdigital:

Just found interesting indicator in CodeBase - Price prediction by Nearest Neighbor found by a weighted correlation coefficient and we can make some "forecasting" for now :) why not? :)

And it is very interesting situation for AUDUSD: trend will be reversed to bearish for H4 timeframe

 

MetaTrader Trading Platform Screenshots

AUDUSD, H4, 2013.05.04

MetaQuotes Software Corp., MetaTrader 5, Demo

audusd h4 forecasting

AUDUSD, H4, 2013.05.04, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
114338
Sergey Golubev  
newdigital:

Just found interesting indicator in CodeBase - Price prediction by Nearest Neighbor found by a weighted correlation coefficient and we can make some "forecasting" for now :) why not? :) 

And it is what I like most - GBPUSD D1 forecasting with this indicator: it will be breakout on D1 timeframe (price will break resistance line from below to above):

MetaTrader Trading Platform Screenshots

GBPUSD, D1, 2013.05.04

MetaQuotes Software Corp., MetaTrader 5, Demo

gbpusd d1 forecasting

GBPUSD, D1, 2013.05.04, MetaQuotes Software Corp., MetaTrader 5, Demo