newdigital, 2013.11.14 12:31
2013-11-14 09:30 GMT (or 10:30 MQ MT5 time) | [GBP - Retail Sales]
if actual > forecast = good for currency (for GBP in our case)
U.K. Retail Sales Fall In October
U.K. retail sales volume dropped 0.7 percent month-on-month in
October due to a notable 1.3 percent fall in non-food store sales, the
Office for National Statistics said Thursday.
The drop in sales volume follows a 0.6 percent rise in September. It was forecast to remain flat in October.
automotive fuel, retail sales volume slipped 0.6 percent, partially
offsetting the 0.8 percent rise in September. The rate of decline also
exceeded the expectations for a 0.1 percent fall.
MetaTrader Trading Platform Screenshots
GBPUSD, M5, 2013.11.14
MetaQuotes Software Corp., MetaTrader 5, Demo
GBPUSD M5 : 49 pips price movement by GBP - Retail Sales
How to Start with Metatrader 5
newdigital, 2013.08.04 18:27
If you are totally new to this website and
there are some pages which will help you to start :
How to trade ranging market (based on A Simple Strategy For Ranging Markets article)
The answer itself is quite simple. When the market gives you a range,
trade ranges! When markets are moving sideways, it can be easy to adapt
one of your trending market strategies to present conditions. Often
trending market traders will look to use indicators such as CCI, RSI, or
MACD in conjuncture with support and resistance lines to trade market
swings. The same philosophy can be used while range trading if you know
what to look for.
Above we can see the EURCHF currency pair which has been locked in a
trading range since the month of June. The range itself can be
identified by moving from left to right on your chart and marking a
series swing highs and swing lows. If price appears to be moving in a
horizontal line you have probably identified a trading range. Any easy
litmus test for a range is to determine if prices are heading higher or
lower on your chart. If you find yourself debating if a chart is
trending up or down, odds are your graph is trading in a range!
Above, we can now see an 8Hour EURCHF chart in conjuncture with the RSI
(Relative Strength Index) indicator. When trading a range, traders can
look to use RSI's overbought and oversold levels to determine where to
enter the market. Unlike trend traders, range traders do have the
ability to trade both sides of the market. This means range traders will
look for both buying and selling opportunities.
To sell range traders can trigger orders when price moves off resistance
and RSI crosses back below a reading of 70. As momentum returns price
lower, traders can focus their targets near the support zone. Price
moving towards support will also allow traders to initiate new buy
positions. Traders will look to buy in a range as price bounces off
support and RSI moves back over an RSI reading of 30. Pricing targets
for buy orders will then focus on levels near resistance.
While the EURCHF is not currently trading at support or resistance,
traders will wait patiently for the next decline or advance before
entering into the market.
NZDUSD Technical Analysis 17.11 - 24.11 : Ranging Before Breakout
newdigital, 2013.11.16 17:17
Just to remind :
excuse me; could you please explain this , i did not understand them,
" Chinkou Span line of Ichimoku indicator crossed historical price on close " & " Chinkou Span line is crossing the price on open bar "
1) what this mean ?
2) what they are say and what is difference ?
thank you for this topic.
absolutestrength_v2.mq5 have a difference with ( may be first version you have on chart ) can you please attache it here (absolutestrength ) ?
this is more clear for me.
About second question - read this post.
First question: close is close bar, open is open bar (open bar is continuing painting)
Chikou Span - Lagging line
The closing price plotted 26 days behind.
The Chikou Span, also known as the Lagging line, is the closing price
plotted 26 trading days behind, i.e. into the past, providing an
at-a-glance view of how the price compares to that 26 days ago.
The trend is deemed to be upward when the Chikou Span is above the
closing prices and downward when it is below them. The relationship is
not always clear when looking at historical data, but becomes more
obvious when looking at current charts.
The Chikou Span is also considered of use for confirmation of trends,
momentum, and support and resistance levels highlighted by the other
And this is whole the story :
Market Condition Evaluation based on standard indicators in Metatrader 5
newdigital, 2013.09.01 21:06
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.
newdigital, 2013.11.18 10:26
2013-11-18 09:00 GMT (or 10:00 MQ MT5 time) | [EUR - Current Account]
if actual > forecast = good for currency (for EUR in our case)
Euro zone current account surplus narrows to EUR13.7 billion
The euro zone’s current account surplus narrowed unexpectedly in September, official data showed on Monday.In
a report, the European Central Bank said that the euro zone current
account recorded a seasonally adjusted surplus of EUR13.7 billion in
September, down from a surplus of EUR17.9 billion in August, whose
figure was revised up from a previously reported surplus of EUR17.4
billion.Economists had expected the region’s current account surplus to widen to EUR19 billion in September.
EURUSD, M5, 2013.11.18
EURUSD M5 : 13 pips price movement by EUR Current Account
Some more about EURUSD : Chinkou Span line came to be in cery close way to historical price which is indicating future possible breakout. But as we see from screenshot below - there are 2 strong resistance lines for the price on the way to go to upward: 1.3504 and 1.3547. By the way - EURUSD H4 price is still inside Ichimoku cloud for ranging market condition so I am not expecting good strong breakout on D1 in the near future sorry.
EURUSD, D1, 2013.11.18