And this situation was changed for now : the market condition is in still ranging but support/resistance lines were moved "far away from each other"
MetaTrader Trading Platform Screenshots
EURUSD, H1, 2013.09.26
MetaQuotes Software Corp., MetaTrader 5, Demo
EURUSD H1 ranging
I think - the most interesting pair for the next week will be USDJPY. because as I see - Chinkou Span line is crossing historical price (on open bar), and if it will be crossed on close bar so we may have good breakdown :
USDJPY, D1, 2013.09.27
newdigital, 2013.10.01 10:33
2013-10-01 04:30 GMT (or 06:30 MQ MT5 time| [AUD - Cash Rate]
RBA Maintains Cash Rate 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 current 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."
In a statement, RBA Governor Glenn
Stevens said Australian dollar rose recently, but is still about 10
percent below its level in April. A lower level of the currency than
seen at present would assist in rebalancing growth in the economy, he said.
said the full effects of easing in monetary policy since late 2011 are
still coming through, and will be for a while yet.
has been growing a bit below trend over the past year and this is
expected to continue in the near-term as the economy adjusts to lower
levels of mining investment, Stevens noted.
AUDUSD, M5, 2013.10.01
86 pips movement by AUD Cash Rate
newdigital, 2013.10.02 08:20
2013-09-18 22:45 GMT (or 00:45 MQ MT5 time| [AUD - Trade Balance]
if actual > forecast = good for currency (for AUD in our case)
Australia Has A$815 Million Trade Deficit In August
Australia posted a seasonally adjusted merchandise trade deficit of
A$815 million in August, the Australian Bureau of Statistics said on
Wednesday - marking a 41 percent gain from the previous month.
headline figure missed forecasts for a shortfall of A$400 million, but
it narrowed significantly from the revised deficit of A$1.375 billion in
July (originally called a shortfall of A$765 million).
Exports added 3.0 percent on month to A$27.116 billion from A$26.306 billion in the previous month.
and services credits added A$810 million (3 percent) to A$27.116
billion. Non-rural goods gained A$565 million (3 percent) and
non-monetary gold surged A$307 million (33 percent).
AUDUSD, M5, 2013.10.02
38 pips on AUD Trade Balance
newdigital, 2013.10.03 12:56
2013-10-03 08:28 GMT (or 10:28 MQ MT5 time| [GBP - Services PMI]
if actual > forecast = good for currency (for GBP in our case)
U.K. Service Sector Expands Strongly
The U.K. service sector continued to perform strongly in September
and thereby round off the best quarterly performance of the sector since
the second quarter of 1997, data from Markit Economics showed Thursday.
The headline Markit/Chartered Institute of Purchasing &
Supply Purchasing Managers' Index dropped slightly to 60.3 in September
from August's near seven-year high of 60.5.
That signaled another
strong rise in activity on a monthly basis, and extended the current
run of continuous growth to nine months. The sharp increase in activity
was once again supported by incoming new business.
survey showed employment growth accelerating to a solid rate that was
only fractionally lower than June's near six-year high.
operating costs continued to increase during the latest survey period.
Efforts to pass these higher costs onto clients were generally thwarted
by ongoing price competition.
GBPUSD, M5, 2013.10.03
36 pips price movement by GBP - Services PMI
newdigital, 2013.10.04 16:55
2013-10-04 14:00 GMT (or 16:00 MQ MT5 time| [CAD - Ivey Purchasing Managers Index]
if actual > forecast = good for currency (for CAD in our case)
Canada Ivey Purchasing Managers Index at 51.9 in September
The Ivey Purchasing Managers Index was at 51.9 on a seasonally
adjusted basis in September, indicating that purchasing activity in
Canada expanded from August.
The index, which measures changes in economic activity as indicated by
a panel of purchasing managers from across Canada, is sponsored by the
Richard Ivey School of Business at Western University.
An index greater than 50 indicates an expansion of purchasing activity, while an index below 50 indicates a decline.
The employment index for September was at 53.5, indicating employment was higher than in the previous month.
The inventories index was at 54.2, indicating inventories were higher than in the previous month.
The prices index was at 64 in September, indicating prices were higher than in the previous month.
The supplier deliveries index was at 45.3, indicating supplier deliveries were slower than in the previous month.
All figures above are on a seasonally adjusted basis.
The unadjusted Ivey Purchasing Managers Index was at 59.4 in September.
USDCAD, M5, 2013.10.04
34 pips price movement by CAD - Ivey Purchasing Managers Index
I think - most interesting pair for the next week will be USDCAD. Because if we look at H4 timeframe - Chinkou Span is almost crossed with price (on open bar), and it is bearish on D1 timeframe. Thus, if we will have breakdown on H4 - the price will come to the cloud (ranging) ... so - it is 'Ranging Bearish' for the next week.
USDCAD, H4, 2013.10.04
USDCAD, D1, 2013.10.04
newdigital, 2013.10.08 09:01
2013-10-08 06:00 GMT (or 08:00 MQ MT5 time| [EUR - German Trade Balance]
if actual > forecast = good for currency (for EUR in our case)
German Exports Recover In August
Germany's overall exports recovered in August from July, while the
growth in imports increased marginally, data from the Federal
Statistical Office showed Tuesday.
Exports advanced 1 percent
month-on-month, offsetting July's 0.8 percent fall. Meanwhile, imports
rose 0.4 percent, slightly faster than the 0.3 percent increase seen in
Despite an increase in exports, the foreign trade surplus
declined to EUR 13.1 billion in August from EUR 16.2 billion in July. On
a seasonally and calendar adjusted basis, the surplus totaled EUR 15.6
Likewise, the current account surplus decreased to EUR 9.4 billion from EUR 14.2 billion in July.
On a yearly basis, exports decreased 5.4 percent and imports dropped 2.2 percent in August.
EURUSD, M5, 2013.10.08
11 pips price movement by EUR - German Trade Balance
1. Marty Schwartz
Originally a stock analyst but got sick of having to write bullish investment advice on overpriced companies. He developed and combined several technical indicators in an effort to determine lower risk entry points for his trades. Schwartz found success when he shifted to technical analysis and focused on mathematical probabilities.He ran his account up from $40,000 to $20 Million and also won the U.S. Investing Championship in 1984. When asked if Technical Analysis works he replied “I used fundamentals for nine years and got rich as a technician”. A big advocate of moving averages, Schwartz identifies healthy stocks by looking for positive divergences in price action over the broad market.
2. Mark D. Cook
Lost all his capital several times while learning to trade including one occasion when he lost more than his entire net worth. In 1982 he sold naked calls on Cities Service that expired deep in the money. His account dropped from $165,000 to a deficit of $350,000 in a matter of days; a total loss of $815,000 when taking into account for the money that he lost in his family’s accounts.Not one to give up, after five years Mark had totally recovered from the losses but vowed never to sell another naked option. He attributes his turn around in success to the development of what he calls the ‘Cumulative Tick Indicator’.There is a widely used indicator called the ‘Tick’ that measures the number of NYSE stocks whose last trade was an uptick minus the number whose last trade was a downtick. When the ‘tick’ indicator is above or below a neutral band the ‘cumulative tick indicator’ starts to add or subtract the ticks from a cumulative total. This works as an over brought and over sold indicator. When it reaches extremes of bullish or bearish readings the market tends to reverse direction.In 1989 Cook finished second in the US Investing Championship trading stocks and in 1992 after shifting to options he won the championship with a return of 563%. Now he trades options holding them 3-30 days and day trades S&P 500 and NASDAQ futures.