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USDCAD, M5, 2013.08.30
MetaQuotes Software Corp., MetaTrader 5, Demo
expectation vs reality
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 ....
This my post? red dotted lines are for possible sell stop trade, blue dotted lines are are possible buy stop ...
Anyway - I just copied some latest summary from this thread :
Market Condition Evaluation
story/thread was started from here/different thread
more to follow ...
MA Channel Stochastic system is here.
It depends on which timeframe ...
for example - it is 1.3217 (you can see it from the chart) :
EURUSD, H1, 2013.09.01
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).
EURUSD, H4, 2013.09.01
It may be some correction (right term in this case is bear market rally) but you can see the levels from the chart ...
AUDUSD, M5, 2013.09.03
47 pips movement on AUD Retail Sales news event
newdigital, 2013.09.03 06:18
If actual > forecast = good for currency (for AUD in our case)
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.
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)
56 pips movement on AUD RBA Cash Rate
newdigital, 2013.09.03 08:37
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
At the meeting, the Reserve Bank Board noted that the setting of the monetary policy remained "appropriate".
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."
This is real example of Ranging Market Condition (so call Choppy Market) :
EURUSD, M5, 2013.09.03
EURUSD ranging market condition
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 following1.1. Primary trend- Uptrend (bullish)- Downtrend (bearish)
1.2. Secondary trend.- Correction- Bear Market Rally
2. Overbough/oversold ('top-and-bottom')
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:
1.2. Secondary trend.- Correction- Bear Market Rally- Flat (non-trading)- Ranging
AUDUSD, M5, 2013.09.04
81 pips movement during AUD GDP at 01:30 GMT today
newdigital, 2013.09.04 09:21
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.
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.
USDCAD, M5, 2013.09.04
CAD Overnight Rate expectation and reality by movement
newdigital, 2013.09.04 17:59
If actual > forecast = good for currency (for CAD in our case)
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.