What is most interesting pair for the next week for my next weekly technical analysis thread?
Just asking ...
Paramon system continuing (by trading).
This is updated statement (I traded GBPUSD) :
MetaTrader Trading Platform Screenshots
GBPUSD, M5, 2013.10.21
MetaQuotes Software Corp., MetaTrader 5, Demo
GBPUSD M5 : 18 pips in profit by Paramon system
newdigital, 2013.10.22 14:49
2013-10-22 12:30 GMT (or 14:30 MQ MT5 time) | [USD - Non-farm Payrolls]
if actual > forecast = good for currency (for USD in our case)
September Nonfarm Payrolls Miss 148K vs Exp. 180K; Unemployment Rate Drops to 7.2%
jobs are a disappointment at 148K vs expectations of 180K and private
jobs only 126K well below the 180K expected, but August was revised
higher this time, from 169K to 193K. Net for the two months, largely a
nonfarm payroll employment increased by 148,000 in September, with
gains in construction, wholesale trade, and transportation and
warehousing. *Over the prior 12 months, employment growth averaged
185,000 per month.
AUDUSD M5 with 45 pips in profit (by equity) for NFP :
AUDUSD, M5, 2013.10.22
AUDUSD M5 with 45 pips in profit (by equity) for NFP
Market Condition Evaluation based on standard indicators in Metatrader 5
newdigital, 2013.10.18 13:22
Paramon Trading system Part #1 (download indicators and template from this post)
newdigital, 2013.10.18 13:28
How to Trade
The explanation will be done by charts (images) made by me in chronological way1. Open pending orders. I opened 2 pending orders: buy stop and sell stop. I did it using mouse on MT5 chart (right mouse click on the chart - Trading - Sell Stop or Buy Stop). The pending orders should be opened only if support/resistance lines (read/blue dotted lines on your/my chart) came in very close way to each other (and very close to the price).
Example with EURUSD
Example with USDCHF
more to follow
newdigital, 2013.10.18 13:33
2. Pending order executed and stop loss placed. When one pending order is executed to be a market trade so we should delete opposite pending order for this pair and place stop loss to market trade. Stop loss is place by the way of mouse - right mouse click on MT5 chart (right mouse click on the chart on the place of stop loss - Trading - Sell Stop or Buy Stop).
newdigital, 2013.10.18 13:39
Paramon Trading system Part #2 continuing (download indicators and template from this post)
3. Move stop loss. We are monitoring our trades and moving stop loss by mous on the chart (move stop loss line by mouse). Stop loss is moved to be near support/resistance level.
newdigital, 2013.10.18 13:44
4. Breakeven. If the trade is continuing so we are movuing stop loss to breakeven level (near the nearest support/resistance line as well but to breakeven). Support/resistance lines are placed by Paramon Trading system indicators on your chart.
Example with EURUSD (I did moved so we can see it on the chart) :
Please find the statement attached :
This is updated statement - I was continuing trading by this system during NFP - please find updated statement (attached) :
newdigital, 2013.10.23 07:15
2013-10-23 00:30 GMT (or 02:30 MQ MT5 time) | [AUD - CPI]
if actual > forecast = good for currency (for AUD in our case)
Australia Q3 Inflation +1.2% On Quarter
Consumer prices in Australia climbed 1.2 percent in the third
quarter of 2013 compared to the previous three months, the Australian
Bureau of Statistics said on Wednesday.
That was higher than forecasts for an increase of 0.8 percent following the 0.4 percent gain in the second quarter.
most significant price rises this quarter were for automotive fuel (up
7.6 percent), international holiday travel and accommodation (6.1
percent), electricity (4.4 percent), property rates and charges (7.9
percent), water and sewerage (9.9 percent) and domestic holiday travel
and accommodation (3.5 percent).
The most significant offsetting price fall this quarter was for vegetables (down 4.5 percent).
individual component, prices for transportation were up 2.4 percent on
quarter, followed by housing (2.0 percent), recreation (1.9 percent),
clothing (1.1 percent), alcohol (0.9 percent) and insurance (0.4
On a yearly basis, consumer prices were up 2.2 percent -
also exceeding expectations for 1.8 percent after gaining 2.4 percent
in the previous three months.
By individual component, prices for education jumped 5.6 percent on year, followed by health (4.1 percent), housing and alcohol (4.0 percent each), transportation (2.7 percent) and communications (1.8 percent).
Reserve Bank of Australia's trimmed mean was up 0.7 percent on quarter -
topping forecasts for 0.6 percent, which would have been unchanged from
the previous quarter following a revision from 0.5 percent.
year, the trimmed mean was up 2.3 percent - beating expectations for 2.1
percent and unchanged from Q2 following an upward revision from 2.2
AUDUSD, M5, 2013.10.23
AUDUSD M5 : 53 pips price movement by AUD CPI
newdigital, 2013.10.24 15:13
2013-10-24 12:30 GMT (or 14:30 MQ MT5 time) | [USD - Trade Balance]
U.S. Trade Deficit Widens Less Than Expected In August
With the value of imports and exports showing little change in the
month of August, the Commerce Department released a report on Thursday
showing that the U.S. trade deficit for the month widened only slightly.
report said the trade deficit ticked up to $38.8 billion in August from
a revised $38.6 billion in July. Economists had expected the deficit to
widen to $40.0 billion from the $39.1 billion originally reported for
the previous month.
The Commerce Department said the value of
imports was virtually unchanged at $228.0 billion, while the value of
exports edged down to $189.2 billion from $189.3 billion.
EURUSD, M5, 2013.10.24
24 pips price movement by US Trade Balance
newdigital, 2013.10.24 15:21
2013-10-24 13:00 GMT (or 15:00 MQ MT5 time) | [USD - Markit Manufacturing PMI]
US: Markit Manufacturing PMI fell to 51.1 in October
The advanced gauge of the manufacturing PMI sponsored by Markit dropped
to 51.1 for the month of October, missing the median at 52.5 and down
from September’s 52.8
32 pips price movement by US Markit Manufacturing PMI
newdigital, 2013.10.25 10:37
2013-10-24 12:30 GMT (or 14:30 MQ MT5 time) | [GBP - GDP]
if actual > forecast = good for currency (for GBP in our case)
GBPUSD, M5, 2013.10.25
GBPUSD M5 : 39 pips price movement by GBP - GDP
newdigital, 2013.10.29 17:03
2013-10-29 14:00 GMT (or 15:00 MQ MT5 time) | [USD - Consumer Confidence]
With the government shutdown weighing on expectations, the
Conference Board released a report on Tuesday showing a substantial
deterioration in U.S. consumer confidence in the month of October.
Conference Board said its consumer confidence index tumbled to 71.2 in
October from an upwardly revised 80.2 in September. Economists had been
expecting the index to fall to 75.0 from the 79.7 originally reported
for the previous month.
With the much steeper than expected monthly decrease, the consumer confidence index fell to its lowest level since April.
Franco, Director of Economic Indicators at the Conference Board, said,
"Consumer confidence deteriorated considerably as the federal government
shutdown and debt-ceiling crisis took a particularly large toll on
"Similar declines in confidence were
experienced during the payroll tax hike earlier this year, the fiscal
cliff discussions in late 2012, and the government shutdown in
1995/1996," she added. "However, given the temporary nature of the
current resolution, confidence is likely to remain volatile for the next
EURUSD, M5, 2013.10.29
EURUSD M5 : +51 and - 50 price movement by USD Consumer Confidence news event
newdigital, 2013.10.30 12:13
2013-10-30 08:55 GMT (or 09:55 MQ MT5 time) | [EUR - German Unemployment Change]
if actual < forecast = good for currency (for EUR in our case)
German Unemployment Rises a Third Month as Growth Slows
German unemployment rose for a third
month in October, adding to signs of a slowdown in Europe’s
The number of people out of work climbed a seasonally-adjusted 2,000 to 2.97 million, after gaining by a revised
24,000 in September, the Nuremberg-based Federal Labor Agency
said today. Economists predicted no change, according to the
median of 36 estimates in a Bloomberg News survey. The adjusted
jobless rate was unchanged at 6.9 percent.
The German economy, which helped to pull the 17-nation euro
area out of recession in three months through June, probably
expanded at a slower pace in the third quarter, the Bundesbank
said on Oct. 21. Sentiment among companies on the economic
outlook dipped for the first time in six months in October amid
uncertainty over the pace of the recovery in the currency bloc,
Germany’s biggest trading partner.
“Survey indicators are weakening a bit and the big concern
that we have is that even German companies are not investing
that much,” said Anatoli Annenkov, senior economist at Societe
Generale SA in London. “If we have continued growth in the
third and fourth quarter, we can start to look forward to
continued improvement in the labor market.”
EURUSD, M5, 2013.10.30
EURUSD M5 : 12 pips price movement by German Unemployment Change