Market Condition Evaluation based on standard indicators in Metatrader 5 - page 62

Sergey Golubev
Moderator
111248
Sergey Golubev  
2013-08-30 12:30 GMT (or 14:30 MQ MT5 time| [CAD - GDP]

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MetaTrader Trading Platform Screenshots

USDCAD, M5, 2013.08.30

MetaQuotes Software Corp., MetaTrader 5, Demo

expectation vs reality

USDCAD, M5, 2013.08.30, MetaQuotes Software Corp., MetaTrader 5, Demo


Ken McCormick
598
Ken McCormick  
newdigital:

The other setup is maksigen:

 

 

people (who are trading pure price action and support/resistance/trendlines) will like this setup.
by the way, we can trade it too. I mean: every setup here can be used for trading, not for technical analysis only.

May be - I will open separated thread for every setup with the explanation how to trade and with trading results uploaded?
Yes, it depends on how many of them ....

 

What would you target based on this chart? 1.32125?
Sergey Golubev
Moderator
111248
Sergey Golubev  

This my post? red dotted lines are for possible sell stop trade, blue dotted lines are are possible buy stop ...

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Anyway - I just copied some latest summary from this thread :

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Market Condition Evaluation

story/thread was started from here/different thread

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

The beginning:

  1. Market condition indicators/tools thread  
  2. MaksiGen Trading system (light Paramon): many variations of the system - the thread
  3. How to use Support and Resistance Effectively - educational thread
  4. Market condition and EAs thread 
  5. Trend indicators thread  
  6. Forex Market Conditions, a graphic depiction - the thread 
  7. Evaluation of the market condition using six SMA indicators thread 
  8. Multi-indics indicators thread 
  9. Candle time tools thread

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

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 
  • Practical examples about every market condition case by indicators: starting from this page till this one
     
  • trendstrength_v2 indicator is here,
     
  • AbsoluteStrength indicator new version is here
  • AbsoluteStrength indicator old version is on this post

  • AbsoluteStrengthMarket indicator is here to download.

  • good feature in Metatrader 5: moving  stop loss/take profit by mouse on the chart (video about howto) 

  • predictions are very different thing from technical/fundamental analytsis the post with explanation 

  • Technical vs. Fundamental; Short-Term vs. Medium-Term vs. Long-Term; Discretionary vs. Automated - the post

  • Market condition setup (indicators and template) is here
     

================================ 

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 

================================ 

 Merrill's patterns are on this page.

 

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

  

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

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 ...

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MA Channel Stochastic system is here.

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Ichimoku


The beginning

  1. Simple Ichimoku System
  2. Simple Ichimoku System - rules for the systems
  3. Simple Ichimoku Scalping 

After

Sergey Golubev
Moderator
111248
Sergey Golubev  
KenMcCormick:
What would you target based on this chart? 1.32125?

It depends on which timeframe ...

for example - it is 1.3217 (you can see it from the chart) :

MetaTrader Trading Platform Screenshots

EURUSD, H1, 2013.09.01

MetaQuotes Software Corp., MetaTrader 5, Demo

1.3217

EURUSD, H1, 2013.09.01, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
111248
Sergey Golubev  

But technical analysis is not doing on H1 ... it is making on H4 and D1.

About H4 so it is very understandable situation - "fully" bearish (as a primary one).

MetaTrader Trading Platform Screenshots

EURUSD, H4, 2013.09.01

MetaQuotes Software Corp., MetaTrader 5, Demo

h4

EURUSD, H4, 2013.09.01, MetaQuotes Software Corp., MetaTrader 5, Demo


It may be some correction (right term in this case is bear market rally) but you can see the levels from the chart ...

Sergey Golubev
Moderator
111248
Sergey Golubev  

MetaTrader Trading Platform Screenshots

AUDUSD, M5, 2013.09.03

MetaQuotes Software Corp., MetaTrader 5, Demo

47 pips movement on AUD Retail Sales news event

AUDUSD, M5, 2013.09.03, MetaQuotes Software Corp., MetaTrader 5, Demo


Forum

Press review

newdigital, 2013.09.03 06:18

2013-09-03 01:30 GMT (or 03:30 MQ MT5 time| [AUD - Retail Sales]

If actual > forecast = good for currency (for AUD in our case)

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Australia Retail Sales Add 0.1% In July 

Retail sales in Australia gained a seasonally adjusted 0.1 percent in July compared to the previous month, the Australian Bureau of Statistics said on Tuesday, standing at A$21.824 billion.

That missed expectations for an increase of 0.4 percent following the flat reading in June and a 0.2 percent increase in May.

By category, department store sales were down 1.3 percent and other retailing shed 0.3 percent.

Sales in food retailing (0.1 percent), cafes, restaurants and takeaway food services (0.2 percent), clothing, footwear and personal accessory retailing (0.3 percent) and household goods retailing (0.1 percent) moved higher.


Sergey Golubev
Moderator
111248
Sergey Golubev  

MetaTrader Trading Platform Screenshots

AUDUSD, M5, 2013.09.03

MetaQuotes Software Corp., MetaTrader 5, Demo

56 pips movement on AUD RBA Cash Rate

AUDUSD, M5, 2013.09.03, MetaQuotes Software Corp., MetaTrader 5, Demo


Forum

Press review

newdigital, 2013.09.03 08:37

2013-09-03 04:30 GMT (or 06:30 MQ MT5 time| [AUD - RBA Interest Rate Decision]

If actual > forecast = good for currency (for AUD in our case)

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RBA Keeps Cash Rate Unchanged At Record-Low

The Reserve Bank of Australia on Tuesday decided to retain its benchmark cash rate at record-low of 2.5 percent, in line with economists' expectations.

At the meeting, the Reserve Bank Board noted that the setting of the monetary policy remained "appropriate".

The Board said it will "continue to assess the outlook and adjust policy as needed to foster sustainable growth in demand and inflation outcomes consistent with the target."


Sergey Golubev
Moderator
111248
Sergey Golubev  

This is real example of Ranging Market Condition (so call Choppy Market) :

MetaTrader Trading Platform Screenshots

EURUSD, M5, 2013.09.03

MetaQuotes Software Corp., MetaTrader 5, Demo

EURUSD ranging market condition

EURUSD, M5, 2013.09.03, MetaQuotes Software Corp., MetaTrader 5, Demo



Forum

Market Condition Evaluation based on standard indicators in Metatrader 5

newdigital, 2013.01.22 14:18

So, just to summarize few pages on this topic onto 1 comment:

1. Trend following

1.1. Primary trend
- Uptrend (bullish)
- Downtrend (bearish)

1.2. Secondary trend.
- Correction
- Bear Market Rally

2. Overbough/oversold ('top-and-bottom')

3. Breakout 

There are some more: flat (or non-trading market condition), and ranging market condition. Some people say that flat and ranging are part of secondary trend together with correction and bear market rally; the other people are talking about flat and ranging as separated market condition which can be under item #4 (flat) and item #5 (ranging). I think, the true may be the following: flat and ranging are the part of secondary trend under trend following. If yes so the resultant classification may be the following:

1. Trend following

1.1. Primary trend
- Uptrend (bullish)
- Downtrend (bearish)

1.2. Secondary trend.
- Correction
- Bear Market Rally
- Flat (non-trading)
- Ranging 

2. Overbough/oversold ('top-and-bottom')

3. Breakout 


Sergey Golubev
Moderator
111248
Sergey Golubev  

MetaTrader Trading Platform Screenshots

AUDUSD, M5, 2013.09.04

MetaQuotes Software Corp., MetaTrader 5, Demo

81 pips movement during AUD GDP at 01:30 GMT today

AUDUSD, M5, 2013.09.04, MetaQuotes Software Corp., MetaTrader 5, Demo


Forum

Press review

newdigital, 2013.09.04 09:21

2013-09-04 01:30 GMT (or 03:30 MQ MT5 time| [AUD - GDP]

If actual > forecast = good for currency (for AUD in our case)

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Australia Q2 GDP Gains 0.6% On Quarter

Australia's gross domestic economy climbed a seasonally adjusted 0.6 percent in the second quarter of 2013 compared to the previous three months, the Australian Bureau of Statistics said on Wednesday.

The headline figure was unchanged from the previous quarter, but it beat forecasts for an increase of 0.5 percent.

Terms of trade added 0.1 percent on quarter, while real gross domestic income gained 0.6 percent.

On a yearly basis, GDP was up 2.6 percent versus forecasts for 2.4 percent after adding 2.5 percent in the previous three months.


Sergey Golubev
Moderator
111248
Sergey Golubev  

MetaTrader Trading Platform Screenshots

USDCAD, M5, 2013.09.04

MetaQuotes Software Corp., MetaTrader 5, Demo

CAD Overnight Rate expectation and reality by movement

USDCAD, M5, 2013.09.04, MetaQuotes Software Corp., MetaTrader 5, Demo


Forum

Press review

newdigital, 2013.09.04 17:59

2013-09-04 14:00 GMT (or 16:00 MQ MT5 time| [CAD - Overnight Rate]

If actual > forecast = good for currency (for CAD in our case)

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Bank of Canada stands pat on key interest rate

The Bank of Canada made no change in its key policy interest rate this morning as expected, leaving it at the one per cent level it has been at for the past three years.

The central bank said low interest rates will remain "appropriate" as long as inflation and growth in Canada remain subdued.

The bank noted that the global economy continues to expand, but its "dynamic has moderated," saying that recent data suggested "slightly less momentum overall" in the U.S. than anticipated.

But it said financial volatility has increased in a number of emerging economies, with the notable exception of China, which it says is still showing "solid" economic growth.

The Bank of Canada also noted that the housing sector has been "slightly stronger than anticipated," and said household credit growth has continued to slow in the presence of higher mortgage rates.

The policy statement the bank released along with its rate decision was similar in tone to the last one in July.