Young Ho Seo / 个人资料

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/

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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/

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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. 

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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.

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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/

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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.

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

GBPUSD Market Outlook-2 March 2019

Just like EURUSD, we could do some scenario analysis for GBPUSD. Two immediate scenario can be identified during the weekend. If GBPUSD goes up, then we could have bearish reaction with shark pattern. At the same time, if GBPUSD goes down, then we could have bullish reaction with BAT pattern. Both are around 120 pips range though. The analysis was generated from Harmonic Pattern Scenario planner. For your information, Harmonic Pattern Scenario Planner can be used for multiple purpose. It can be perfectly used for harmonic Pattern Trading system + your trading scenario planner. It is the best Harmonic pattern trading system.

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

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EURUSD Market Outlook-2 March 2019

Here is some potential scenario analysis for weekend. As you can see from screenshot, EURUSD might have the potential Gartley pattern if price move down bit further. This scenario is pretty close. At the same time, if price move near 80 to 90 pips, we might have some reaction with AB=CD pattern formation. The analysis was generated from Harmonic Pattern Scenario planner. For your information, it can be perfectly used for harmonic Pattern Trading system + your trading scenario planner. 

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

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EURUSD Market Outlook- 1 March 2019

As we have mentioned in GBPUSD, GBPUSD contined to move downwards. At the same time, EURUSD is testing minor demand zone. This zone could be potentially volatile. We need to watch out. Analysis was generated from Mean Reversion Supply Demand. 

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

GBPUSD Market Outlook - 1 March 2019

GBPUSD is taking the second move after it made the turning point. Now GBPUSD is moving outside triangle zone. 

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GBPUSD Market Outlook-28 Feb 2019

In our previous post, we have outlined that extension of wedge pattern will provide resistance for GBPUSD. Indeed, GBPUSD was made a good first turn. It is down nearly 80 pips since then. Analysis was generated from Advanced Price Pattern Scanner. 

https://algotrading-investment.com/portfolio-item/advanced-price-pattern-scanner/

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EURUSD Market Outlook- 28 Feb 2019

EURUSD is marking up the bullish turning point with AB=CD pattern clearly. Today, EURUSD is doing better than other symbols. EURUSD will soon test the fourth Potential Continuation Zone. Watch out. Analysis was generated from Harmonic Pattern Plus and Correlation Ranking Heat Map.

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

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GBPUSD Market Outlook 2- 27 Feb 2019

GBPUSD was almost immediately responded to our last post. Indeed, wedge pattern provided the timing of rest for GBPUSD. Analysis was generated from Advanced Price Pattern Scanner. The advantage of Advanced Price Pattern Scanner is that it will show multiple of patterns in one bar. Same patterns will be displayed in main window and sub window for different purpose. Patterns displayed in main window are there to alert you when price get close to particular patterns. Patterns displayed in sub window are there to show you when the patterns was formed. You use these two information to predict future price movement. Like our other tools, it is working good to see future market movement. No rocket science but simple and easy. Plus intuitive. 

https://algotrading-investment.com/portfolio-item/advanced-price-pattern-scanner/

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GBPUSD Market Outlook-27 Feb 2019

Bear sentiment is growing in the market. But GBPUSD is still the last bull symbol so far. Having said that, extension of wedge pattern could act as resistance for GBPUSD. Watch out. Analysis was generated from Advanced Price Pattern Scanner. 

https://algotrading-investment.com/portfolio-item/advanced-price-pattern-scanner/

https://www.mql5.com/en/market/product/24679

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EURUSD Market Outlook 2-26 Feb 2019

Overall market ended rather bull on Tuesday. EURUSD also followed the bullish stream too. EURUSD had a good run through Potential Continuation Zone 3. But it did not penetrated Potential Continuation Zone 4 in its first attempt. However, we need to watch out PCZ3 and PCZ4 for our trading now. Analysis was generated from Harmonic Pattern Plus and Correlation Ranking Heat Map.

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

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GBPUSD Market Outlook- 26 Feb 2019

Butterfly pattern rocks for GBPUSD. GBPUSD was making the most dramatic move today. It is topping up on the bullish league. GBPUSD is soon approaching the critical supply zone (H4 timeframe). Watch out to squeeze more pips.

Analysis was generated from Harmonic Pattern Plus + Mean Reversion Supply Demand. 

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

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

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USDJPY Market Outlook - 26 Feb 2019

Here is some interesting analysis on USDJPY. Recently, USDJPY was made a good turn inside triangle A. As you can see that in fact, Wedge B is kind of acting as resistance. I think Wedge B will be acting as resistance in the future too. At the same time, Wedge C can act as support. Hence we need to watch out these two resistance and support for our trading. The analysis was generated from Advanced Price Pattern Scanner. 

https://algotrading-investment.com/portfolio-item/advanced-price-pattern-scanner/

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GBPUSD Market Outlook-25 Feb 2019

In regards to the previous post, market is generally in bullish sentiment. GBPUSD is no exception. GBPUSD run bull with the formation of Butterfly pattern. Now it is reaching the important supply zone. Watch out the price action around this critical zone. 

Analysis was generated from Mean Reversion Supply Demand + Harmonic Pattern Plus. 

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

EURUSD Market Outlook - 25 Feb 2019

What a treat. All the market is strong bull. What else do I need to explain. EURUSD continue to be bull after the  formation of AB=CD pattern. Now, EURUSD is approaching the marked Potential Continuation Zone. Analysis was generated from 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

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EURUSD Market Outlook – 24 Feb 2019

Monday morning, Market was generally started with bullish sentiment. USDCHF is topping in the league.   Here is quick analysis generated from Advanced Price Pattern Scanner + Mean Reversion Supply Demand. As you can see, EURUSD is in the junction between double bottom and wedge pattern. It can be also confirmed with demand zone. Top slope of wedge pattern could act as strong resistance next week. For bottom, use demand zone as the bottom line. 

https://algotrading-investment.com/portfolio-item/advanced-price-pattern-scanner/

https://www.mql5.com/en/market/product/24679

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