Young Ho Seo / Профиль

GBPUSD Market Outlook -30 July 2018

Yesterday, GBPUSD made the light bullish movement ( around 23 pips). It is not much so light. This is possibly short term view. GBPUSD made a bearish 5-0 pattern in M15 and M30 timeframe. The pattern coincided with three turning point strength from Elliott Wave Trend. It reacted mildly for around 20 pips so far. If GBPUSD come down near to 1.3144, watch out the price action around this level. 

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Elliott Wave Trend new version is coming soon

As we have mentioned, we are currently working on our Elliott Wave Trend new version In the new version, Elliott Wave Trend have the feature to scan the turning point strength for all time frame. This will answer you the question when do you we need to analyze the turning point of the market. Enjoy this powerful update.

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EURUSD Market Outlook- 30 July 2018

Here is the medium term market outlook for EURUSD. As you can see, that two Gartley patterns are fitted inside triangle pattern (detected by Price Breakout Pattern Scanner). Small Gartley patterns are just formed and it is a fresh pattern. EURUSD made around 30 pips with it.

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Market Outlook - 29 July 2018

For our trading, we always need to check what market is doing overall. It helps us to track which instruments are getting more trading volumes and their potential direction. This is all about the market sentiment in fact. Anyway here is the analysis from last one week movement. We use change percent in our analysis (i.e. change percent in the candle bar). It is easy to see that overall market are having the bearish sentiments. We can tell that EURUSD, EURJPY and EURCAD are the three biggest bearish movers (i.e also EURGBP too). Now it is not difficult to see that the common factor among these three pairs are EUR. In another words, EUR was weakest currency last week. The question is that would EUR will take some recovery this week ? In fact, we did have a mild recovery of EUR currency last Friday. Typically like the biggest loser EURCAD or EURJPY can gain some trading volume rapidly this week. However, set your target with both bearish and bullish price levels to follow the crowds. This analysis was done using Correlation Insight Heat Map.

Free Correlation Heat Map can be downloaded from this link below (Version 1.38) 

http://algotrading-investment.com/download/79991/

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List of Free Tools for Your Trading and Investment
List of Free Tools for Your Trading and Investment

Here are the list of free tools. You can use this free tools to enhance your profitability for your trading and investment.

World Trading Hour Indicators – This free tool can help you to recognize which stock market in the world is opening. Further more, you can add or remove different international stock market according to your own preferences. This free tool is also embedded inside Trading Investment Helper.

http://algotrading-investment.com/download/79991/

Correlation Insight Heat Map – This free tool allow you to sort, rank, monitor forex and commodity symbols for your trading. Trade with winner and stay away from losers. Very efficient market monitoring tool. This free tool is also embedded inside Trading Investment Helper. Just click HM Start button to start the Heat Map.

http://algotrading-investment.com/download/79991/

Auto Chart Alert – This is a convenient tool to set alert for your trading in your chart. With Auto Chart Alert, you can set the alert line in one click in your desired location in your chart. You can even set alert over the sloped lines in your chart. Auto Chart Alert is a great tool when you have to watch out important support and resistance levels for your trading.

http://algotrading-investment.com/portfolio-item/auto-chart-alert/

GARCH improved Nelder Mead – First tool to implement the complex GARCH algorithm using Nelder Mead Algorithm. Very good tool to predict and monitor market volatility. Yes, this is free.

http://algotrading-investment.com/portfolio-item/garch-improved-nelder-mead/

https://www.mql5.com/en/market/product/6918

https://www.mql5.com/en/market/product/6910



Peak Trough Analysis – Another popular tool to study fractal and fractal related patterns. If you know how to use this tool properly, you can make tons of money. Free tool means really free.

https://www.mql5.com/en/market/product/22420

https://www.mql5.com/en/market/product/23797

http://algotrading-investment.com/portfolio-item/peak-trough-analysis-tool/



Order Risk Management EA – Very simple but powerful order and risk management tool. If you do not have one, you should really.

https://www.mql5.com/en/market/product/8586

https://www.mql5.com/en/market/product/6910

http://algotrading-investment.com/portfolio-item/order-risk-management-ea/





Time Box indicator – This free tool allow you to resolve each candle bar into daily, weekly and monthly time zone. At the same time, you can check Open, High, Low, Close price of day, week and month chart. Handy utility for forex trader.

http://algotrading-investment.com/portfolio-item/time-box-indicator/



Volume Zone Oscillator – This free oscillator is one of the very few oscillator using the volume. How to use is similar to RSI. Overbought and oversold area is shown for your trading.

http://algotrading-investment.com/portfolio-item/volume-zone-oscillator/



EFW Pattern Trader Demo – You can use only 1 pattern to trade. Comparing to the full version, the feature is limited. But it is free and better than nothing.

https://www.mql5.com/en/market/product/28402

https://www.mql5.com/en/market/product/28403

http://algotrading-investment.com/portfolio-item/efw-pattern-trader/



And Many More – Visit our website for more powerful tools for your trading and investment.

http://algotrading-investment.com

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Trading Investment Helper Version 1.37 Released

For better security for our customers, we have released the Trading Investment Helper version 1.37. If you had a problem with installation using version 1.36, then please use this version 1.37. 

Due to our server maintenance work, you might experience some product installation error earlier. It is all done now. Now you should be able to use our Trading Investment Helper and its automatic installation facility without any limitation. If you experience any problem, please write us customer.support@algotrading-investment.com

Here are the download link for version 1.37 of Trading Investment Helper:

http://algotrading-investment.com/download/79991/

http://algotrading-investment.com/

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

Kind regards.

Introduction to Harmonic Pattern Scenario Planner

The present state of Forex market can go through many different possible price paths to reach its future destination. Future is dynamic. Therefore, planning your trade with possible future scenario is an important step for your success. To meet such a powerful concept, we introduce the Harmonic Pattern Scenario Planner, the first predictive Harmonic Pattern Tool in the world among its kind.

Main Features

Predicting future patterns for scenario analysis
11 Harmonic Pattern Detection
Automatic stop loss and take profit recognition for superb risk management
Pattern Completion Interval for precision trading
PRZ Type B level detection
Automatic Channel Detection to go with Harmonic Pattern (Optional)
Multiple timeframe Pattern Analysis
Multiple timeframe Pattern Detection
Guided Trading Instruction for professional traders
Pattern Locking and Unlocking feature in your chart
Even more, please find it out.


Scenario Simulation for Future Harmonic Pattern

There are powerful simulation techniques known to generate possible future price patterns like Monte Carlos Simulation, Brownian motion simulation, etc. To do so, we need to understand the price behaviour including distribution and its randomness. Then we repeat the simulation as many times as possible to identify various future price path. Some future price path may be very important for your trading whereas some other price path may be insignificant. Harmonic Pattern Scenario Planner collects those significant price paths only for your advance trading decision.

How to Use

You can run Harmonic Pattern Scenario Planner like Harmonic Pattern Plus to pick up the turning point. At the same time, you can predict the future patterns for the advanced scenario analysis. The predicted pattern can be used for the earlier decision making for your trading.

Reduce commission and slippage using pending orders in advance
Worst case scenario planning before taking position
Early identification of important support and resistance lines automatically in advance
More accurate prediction of entry and exit timing
How to Trade

Each Harmonic Pattern provides you the potential entry for the turning point. You might apply few other filters to improve your trading. Some of the basic filters you can apply include RSI, CCI, MACD, Bollinger Bands, and Moving Average. More advanced filter can include Price Breakout Pattern Scanner, Mean Reversion Supply Demand, Elliott Wave Trend, and Harmonic Volatility Indicator. Please note that the trading performance can vary for your trading experience and trading skills.

Indicator Input

Here we list part of input setting. For full input setting, visit this webpage:

http://tradeinvestsmart.com/2018/05/short-guideline-for-harmonic-pattern-plus-and-harmonic-pattern-scenario-planner

Harmonic Pattern Parameters 1 ( User Option ) ===========================

These parameters below concerns operations of Harmonic patterns. You can change button size, timeframe to detect patterns and alerts using these parameters. You can change timeframe of pattern detection. However, you cannot use smaller timeframe pattern detection for higher timeframe. For example, you cannot set Timeframe to detect patterns = H1 timeframe while you are using D1 chart.

Timeframe to detect Patterns
Max number of patterns to display
Pattern Index from which to display
Enable sound alert
Send email if pattern is found
Send notification if pattern is found
Display Fibo retracement (DC Future Price Projection)
Fibo Retracement Length
Fibo Retracement Color for pattern
Fibo Retracment Wdith for pattern
Use white background for chart
Amount of bars to scan for pattern search (1500 = default)
Detect Pattern at Every Tick: true or false only
Pattern Update Frequency (Period)
http://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/

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PRZ Type B versus Fibonacci Retracement for Harmonic Pattern Plus and Harmonic Pattern Scenario Planner

In Harmonic Pattern Plus (and with Harmonic Pattern Scenario Planner), you can use both PRZ Type B and classic Fibonacci Retracement from Final Point D. Fibonacci Retracement is classic and simple. However, PRZ Type B provide much clear prediction towards the future movement of the price. We recommend to use PRZ Type B for your trading if possible.

If you are using Fibonacci retracement solely , then it is difficult to manage your order according to your preferred Reward/Risk ratio. We recommend to manage your trading using Pattern Completion Interval ultimately. This is much better approach over the classic Fibonacci ratio trading.

But it is just recommendation though. If you prefer the old way of using Fibonacci Retracement, you can still use them from our Harmonic Pattern Plus (and Harmonic Pattern Scenario Planner). However, we have seen many trader using the classic harmonic pattern trading approach, they risk too much with bad draw down.

Manage your risk as the top priority in your trading. For your information, we are the creator of PRZ Type B and Pattern completion interval for the fully integrated trading tool for you.

Check the book: Guide to Precision Harmonic Pattern Trading

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EURGBP Market Outlook-28 July 2018

Here are some interesting analysis on EURGBP on H1 timeframe. Last week, EURGBP formed a perfect head and shoulder patterns. We have detected the excessive Momentum around the shoulder to confirm its bearish action. Since then EURGBP went down nearly 50 pips. Excessive momentum indicator can be used for many trading styles and detecting head and shoulder pattern is one of its ability. You can also use it to confirm DBDT(double bottom and double top) patterns.

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USDJPY Market Outlook- 28 July 2018

The point D of Shark pattern is coincided with demand zone (Strength = 3) in H4 timeframe with Mean Reversion Supply Demand. In this case, we will just use our typical supply demand trading knowledge. At the same time, we have supply zone around 111.525. USDJPY will likely to retest this zone again. PRZ Type B levels are still applicable for your trading. 

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

GBPUSD Market Outlook-27 July 2018

So we have mentioned about our new update on our Elliott Wave Trend. With added turning point strength indicator on Elliott Wave Trend, the reversal prediction with harmonic pattern plus is a lot easier too. GBPUSD is such a good example for this. Scan through the turning point strength indicator panel, then look for the highest strength to predict the reversal. When you find the highest turning point strength, you can further analyze the reason and the structure of the market using Elliott Wave Trend too using the built in wave counting features.

http://algotrading-investment.com/

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

Elliott Wave Trend New Version is coming soon - 27 July 2018

Elliott Wave Trend new version is coming soon. In the new version, you will be able to access the turning point strength from multiple timeframe. We are currently working on this immensely important update for our customers. You will hear from us shortly about this new update. 

Do not forget to visit our website for powerful trading system and investment tools, you were ever looking for.

http://algotrading-investment.com/

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

GBPUSD Market Outlook - 26 July 2018

Bullish 5-0 pattern is still alive for GBPUSD. GBPUSD will experience some bearish correction from its several days of bullish actions.  However, GBPUSD look like it will make more sophisticated path than simple one. If GBPUSD penetrate the level 1.32129, then we might have some more bullish action. For now, we will have definite bearish correction. At the same time, watch out the level 1.3139 for your future trading, which is just 30 pips down from current bid price.

http://algotrading-investment.com/

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

Harmonic Pattern Plus and Harmonic Pattern Scenario Planner Version 10.5 Released

As we have mentioned before, we have just released version 10.5 of Harmonic Pattern Plus and Harmonic Pattern Scenario Planner. In the new version you can create patterns without filling inside triangle. 

Just open up Trading Investment Helper. You will be notified with new version. 

Of course, newer versions are in processing on MQL5.com. Customers from mql5.com, please wait some more days.

Enjoy the powerful features added to our harmonic pattern plus and harmonic pattern scenario planner.

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

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

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EURUSD Market Outlook-25 July 2018

So we have run the simulation using our Harmonic Pattern Scenario Planner to see what is the future Harmonic Pattern Look like on H1 timeframe. We have around 7 future potential scenarios to consider. Among the 7 scenarios, here are the two nearest future patterns. Above 50 pips up, we might have a bearish Gartley scenario. Below 70 pips down, we might have a bullish Gartley scenario. Consider these levels as the potential future harmonic patterns for your trading. 

http://algotrading-investment.com/

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

Harmonic Pattern Plus New Update is coming soon - 25 July 2018

Thanks so much for your support for our products and services. We are here to bring you to the new level of trading experience. Especially we have made a lot of advancement in regards to the precision harmonic pattern trading with our own creation of the Pattern Completion Interval and PRZ Type B and even predicting future harmonic patterns with scenario planner.

Our challenge never stops here. We are currently making new update to our harmonic pattern plus and scenario planner. Stay tuned. You will get the most powerful harmonic pattern trading system on your hands.

http://algotrading-investment.com/

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

Mean Reversion Supply Demand- Great Supply Demand Trading System

If you are looking for the good supply demand trading indicator, never miss our Mean Reversion Supply Demand. Designed for professional supply demand trader for the affordable price. Never underestimate it due to its low cost. Just like all of our trading and investment products, this one is equipped with the most advanced trading technology for supply demand trader.

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

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

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

USDJPY Market Outlook- 24 July 2018

In our last post, we have mentioned that USDJPY was testing the demand zone for the several times. Finally USDJPY made a big penetration through the demand zone ( I have circled in Red on Mean Reversion Supply Demand.). USDJPY made a good drop of 140 pips. Now the drop made up the last leg of the shark pattern. USDJPY is rising about 70 pips after the formation.

http://www.algotrading-investment.com

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