Young Ho Seo / Profile

GBPUSD Market Outlook-9 March 2019

Last week, GBP was the most bearish symbol among the forex market. Both GBPUSD and GBPJPY topped up on the bearish league. As you know GBPUSD is coming down to test 3rd Potential Continuation Zone. When market open, make sure to watch the price action around this potential continuation zone. Analysis was generated with Harmonic Pattern Plus and Correlation Ranking Heat Map.

http://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

https://www.mql5.com/en/market/product/4488

https://www.mql5.com/en/market/product/4475

New Article “Controversy in Harmonic Pattern Trading” Released

We have just released new article to transfer important knowledge for your harmonic pattern trading. Especially in this article you will find many interesting points towards your harmonic pattern order management. Do not miss to read this article if you are harmonic pattern and Elliott wave pattern trader.

https://algotrading-investment.com/2019/03/07/controversy-in-harmonic-pattern-trading/

https://www.mql5.com/en/users/financeengineer/seller#products

Mean Reversion Supply Demand Multiple TimeFrame analysis

Mean Reversion Supply Demand have a powerful multiple timeframe analysis features in it. It means that you can layout the demand and supply zones from several different timeframe in one single chart. This is very powerful because you can see the confirmation of your trading zones over several timeframe. For example, you can see the demand zone double confirmed from H1 and H4 timeframe in the screenshots.

http://algotrading-investment.com/portfolio-item/mean-reversion-supply-demand/

https://www.mql5.com/en/market/product/16851

https://www.mql5.com/en/market/product/16823

EURUSD Market Outlook 2- 8 March 2019

As we have mentioned in our previous post, Market generally ended with short term correction. EURUSD made moderate correction phase among them. I think the demand zone we were watching will be important for next week too. so watch out. For your information, we will be having new updates for several products as usual. So stay tuned. We thrive to make your trading better and profitable always.

https://algotrading-investment.com/

https://www.mql5.com/en/users/financeengineer/seller#products

EURUSD Market Outlook-8 March 2019

As you know, we had a strong bearish move in the forex market. Today, we are talking some correction. EURUSD had the same bearish move after the formation of Gartley. The demand zone we were watching was penetrated sharp. At the moment, EURUSD is taking short term correction. 

https://algotrading-investment.com/

https://www.mql5.com/en/users/financeengineer/seller#products

New Article "Controversy in Harmonic Pattern Trading" Released

We have just released new article to transfer important knowledge for your harmonic pattern trading. Especially in this article you will find many interesting points towards your harmonic pattern order management. Do not miss to read this article if you are harmonic pattern and Elliott wave pattern trader.

https://algotrading-investment.com/2019/03/07/controversy-in-harmonic-pattern-trading/

https://www.mql5.com/en/users/financeengineer/seller#products

Correlation in Correlation Ranking Heat Map

Some people asked me what is the concept of correlation in Correlation Ranking Heat Map. So I will briefly explain about the correlation used in Correlation Ranking Heat Map. Simply speaking, in the market there are similar type of instruments which considered to have similar characteristics. Of course, they are not entirely the same but they are close cousin of each other. For example, Australian dollar (i.e. AUDUSD) and New Zealand dollar (i.e. NZDUSD) are geographically and economically similar because both country produces Gross Domestic Production (GDP) in similar ways like Tourism and Trading some commodities, etc. Hence these two currency have high correlation. For example, AUDUSD will be highly correlated with NZDUSD and AUDJPY, etc. These three currency pairs will be moving in similar direction overall throughout the year. This is the concept of correlation in Correlation Ranking Heat Map. Higher the correlation between instruments, they tend move together. Correlation Ranking Heat Map is the 3 dimensional visual tools helping you to see how these correlated instruments moving together. See the attached screenshot for better visual demonstration. Correlation Ranking Heat Map provide you the economic means of watching market and this is somewhat missed by most of retail traders. So we invented Correlation Ranking Heat Map for you.

Link to Correlation Ranking Heat Map Product Page

https://algotrading-investment.com/portfolio-item/correlation-ranking-heat-map/

Download link to Correlation Ranking Heat Map for free limited version.

https://algotrading-investment.com/download/125329/

GBPUSD Market Outlook-7 March 2019

Another day for trading. Here we are having bit of diversification in the market. But all of commodity currency are strong. GBPUSD is in the bearish group. It is taking some short term correction with the formation of AB=CD pattern. 

http://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

https://www.mql5.com/en/market/product/4488

https://www.mql5.com/en/market/product/4475

Interesting Article about Harmonic Pattern Indicator-7 March 2019

Many trader uses harmonic pattern indicator and scanner for every day trading. We have released some interesting article about Harmonic Pattern Indicator. Hope this is helpful in selecting your harmonic Pattern indicators. 

https://algotrading-investment.com/2019/03/03/evolution-of-harmonic-pattern-indicators/

https://www.mql5.com/en/users/financeengineer/seller#products

GBPUSD Market Outlook 2- 6 March 2019

GBPUSD made another protection on the Potential Continuation Zone 1. GBPUSD is taking short term bullish correction. Currently GBPUSD made 50 pips up from PCZ 1.

https://algotrading-investment.com/

https://www.mql5.com/en/users/financeengineer/seller#products

GBPUSD Market Outlook - 6 March 2019

GBPUSD is making another test on Potential Continuation Zone 1 again. We have observed that GBPUSD was consistent defended on this PCZ 1 level. This means this level is really important for GBPUSD. We need to watch out again if it can. Market is overall bearish. GBPUSD is in bearish side. Analysis was generated from Harmonic Pattern Plus.

Good luck traders.

http://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

https://www.mql5.com/en/market/product/4488

https://www.mql5.com/en/market/product/4475

EURUSD Market Outlook-5 March 2019

So far this week, it seems that bearish sentiment is beating bullish sentiment. In fact, EURUSD is leading the bearish sentiment. EURUSD is now approaching the critical demand zone after its notable drop with Bearish Gartley pattern. Analysis was generated from Harmonic Pattern Plus and Mean Reversion Supply Demand.

http://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

https://www.mql5.com/en/market/product/4488

https://www.mql5.com/en/market/product/4475

GBPUSD Market Outlook- 5 March 2019

Market is rather mixed today. Bullish sentiment is slightly stronger than bearish sentiment for GBPUSD. In our last post, we have drawn some important support and resistance for GBPUSD. With the help of superimposed patterns, GBPUSD made some bullish move, nearly 35 pips. In fact, it was quite move. Biggest attention in market is on the commodity pairs in fact. Analysis was generated from Equilibrium Fractal Wave Analytics. 

https://algotrading-investment.com/portfolio-item/equilibrium-fractal-wave-analytics/

https://www.mql5.com/en/market/product/27703

https://www.mql5.com/en/market/product/27702

EURUSD Market Outlook-4 Feb 2019

Overall, bearish sentiment is dominating in the market. GBP and EUR are weak. GBPUSD and EURUSD are topping up in the bearish league. By looking at the chart of EURUSD, few things are clear. EURUSD is taking some correction after it hit third Potential Continuation Zone. Now it crossed the first Potential Continuation Zone. The analysis was generated from Harmonic Pattern Plus and Correlation Ranking Heat Map. Hope you gathered good pips since market is pretty predictive.

http://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

https://www.mql5.com/en/market/product/4488

https://www.mql5.com/en/market/product/4475

New Video Released for Optimal Turning Point Pattern Scanner

We have released new Video for our Optimal Turning Point Pattern Scanner. This video will explain some features of Optimal Turning Point Pattern Scanner, the non repainting and non lagging harmonic pattern indicator. Please check the video out.

https://www.youtube.com/watch?v=uMlmMquefGQ&feature=youtu.be

 
Link to Optimal Turning Point Pattern Scanner

https://algotrading-investment.com/portfolio-item/optimal-turning-point-pattern-scanner/

https://www.mql5.com/en/market/product/35603

https://www.mql5.com/en/market/product/35602

EURUSD Market Outlook-3 March 2019

Market just started few hour ago. In general market was in mixed mood between bull and bear. Especially, both EURUSD and GBPUSD started with bullish gap coincided with the formation of Harmonic pattern. 

https://algotrading-investment.com/

https://www.mql5.com/en/users/financeengineer/seller#products

Most advanced Elliott Wave Software for your Trading

Elliott Wave Trend is the most advanced Elliott Wave Trading software, whith capability to scan Wave .12345 pattern and Wave .ABC and Wave .ABCDE. Elliott Wave Trend was built on the concept of Precision Trading with Elliott Wave Structure Score. Our Elliott Wave Trend is professional tool for professional trader. Yet, the price of it is affordable.

With Elliott Wave Trend, you can also share your analysis with your Friend and clients through Elliott Wave Reader.

Our Elliott Wave Trend is available in both MetaTrader 4 and MetaTrader 5 version. If you have any question regards to our Elliott Wave Trend, just leave question here (write even as a guest).

http://tradeinvestsmart.com/forum/technical-analysis-1/elliott-wave-trend-analysis/

Link to Elliott Wave Trend.

http://algotrading-investment.com/portfolio-item/elliott-wave-trend/

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Evolution of Harmonic Pattern Indicators (Must Read)

There are several variations of Harmonic pattern indicators in history of Price Action and Pattern Trading community. Not all the harmonic pattern indicators are the same. In the past the main variations of Harmonic pattern indicators can be categorized as three different types.

First type is non lagging but repainting harmonic indicators. This sort of Harmonic pattern indicator is the typical harmonic pattern indicators used by many traders. The advantage is that you do get the signal early as possible. You have an opportunity to trade from the turning point all the ways down to the continued trend. The disadvantage is that you are not able to test your strategy in chart because this type of harmonic pattern indicator does not show the entry of the failed patterns in chart but only successful one. In fact, Harmonic Pattern Plus and Harmonic Pattern Scenario Planner are under this category. They would provide the fastest signal but you will not able to test your strategy in your chart.

The second type is that lagging but non repainting. Some people use pretty words like minimal lag Harmonic pattern indicator or etc. But really lagging is just lagging. You can not make it really pretty though. As the literal meaning of lagging indicates, this type of harmonic pattern indicators provide you the lagging signal comparing to the first type.  It will only provide you the signal after some times passed the turning point. Hence, you do not have an option to consider your entry from turning point. Depending on the pattern size, sometimes, the lagging can be only several bars but it can range up to several dozens of bars like 30 or 60 bars. Sometimes, your entry might be at the first reversal after the turning point. Hence you have be careful with this sort of entry. The advantage is that you will not experience repaint with the latest pattern though. I am not sure if non repainting property can offset the disadvantage of lagging signals.

The third type is that detecting pattern at C point completion not at D point completion. This type of Harmonic pattern indicator do exists. This type of Harmonic Pattern indicators detect patterns way too early at the point C. For this reason, you have to wait quite some time to trade at point D. If you are trade on higher time frame like H1 or H4 or D1, you might have to wait at least half days to several days. You might run out of your patience quickly with this type of Harmonic Pattern indicator by just waiting and waiting. Since, it is detecting pattern at point D, you are not able to see any failed entry in your chart either. So it does repaint. What is worse is that the pattern can be disappeared while you have been waiting some time. You are just wasting your time in this case.

Some people asked me if they can trade from point C to D. The answer is no because we only recommend to trade patterns after we have done intensive research. We did not do research on trading from point C to D.

By summarizing above three types of harmonic pattern indicator, we can draw some interesting conclusion. Non lagging means repainting and lagging means non repainting. There seems to be some balance between fast signal and repainting issues. It might be the universal or physical law.

Now the question, can we have non lagging and non repainting harmonic pattern indicator? The answer is yes. This is the next generation of Harmonic pattern indicator which was born from intensive scientific research. We shipped the technology to our Optimal Turning Point Pattern Scanner. We have provided it for the first time in history. This type of non repainting and non lagging indicator will provide you the fastest signal entry like first type of harmonic pattern indicator. At the same time, it will show you the failed entry in your chart. Hence you can build your strategy in your chart with other technical indicators at ease or even in backtesting mode. Since you trade as you see from chart, the confidence for your trading will increase dramatically. This is the true hybrid of all above three types of harmonic pattern indicators. With little bit of knowledge on Pattern Completion Interval, you could take the entry at your favored risk to rewards ratio. We also provide Potential Continuation Zone to perfect your harmonic pattern trading. Below is the direct link to our Optimal Turning Point Pattern Scanner.



https://algotrading-investment.com/portfolio-item/optimal-turning-point-pattern-scanner/

https://www.mql5.com/en/market/product/35602

https://www.mql5.com/en/market/product/35603

Added topic Calling DLL linked to another DLL from Custom Indicator, Is this possible?

Supply Demand Zone Analysis - 2 March 2019

Here is some important support and resistance drawn for EURUSD and GBPUSD. The supply and demand zone was detected using Mean Reversion Supply Demand.

https://www.mql5.com/en/market/product/16823

https://www.mql5.com/en/market/product/16851

https://algotrading-investment.com/portfolio-item/mean-reversion-supply-demand/