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GBP / USD Seasonal Samples – Use a seasonality strategy to confirm entry and exit points on Forex

Usually we look at forex charts in chronological order, day by day, week by week and year by year. A typical chart shows the price path of a currency (pair) over many years and can provide a lot of information for use by technicians. However, there is another way to view currency charts and it is to look at them seasonally.
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So what is a seasonal forex chart, or a seasonal forex chart? For our purposes, seasonality is the tendency of a currency to go down or up at certain points in the year.

Instead, look at the currency data for the last 30 years in chronological order, and what if you take it every year (January to December) and you can bet every year on each other. All 30 years are then averaged and set to an initial value of 100 to give a single line showing how the currency operates on average between January and December over the last 30 years (below we will consider the averages of 5, 10 and 15 years). Will the average show a seasonal GBP / USD pattern when it usually gets higher in certain months or lower in others?
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Consider futures per pound below, but note that since futures per pound are traded against US dollars, we can use the patterns observed in the futures market to trade seasonal GBP / USD models. Thus, this information can be used in both the futures and foreign exchange markets.

GBP / USD Seasonal patterns – seasonality 5, 10 and 15 years

Indeed, there are constant models of GBP / USD seasonality, and we can see these models by looking at the seasonal futures chart per pound. These seasonal trends can be used to find convenient times to trade the GBP / USD currency pair (or futures per pound).

The seasonal chart shows the development trends of the pound over the past 5 years, 10 years and 15 years. Each average is different, and this is important for understanding seasonality –this is an average value, not a rule. In any year, the price may deviate from the seasonal trend, and traders do not have to fight it. However, we can find common features that are found in all three averages:

  • The pound usually forms a bottom in early to late March and then moves higher in late April.
  • From early May to mid-May the time is usually bearish.
  • The bottom is usually formed again in mid-May, we see progress above in early August.
  • The price usually peaks in early August and decreases in early September.
  • After October, our averages diverge from short-term (5 years), which do not provide the same information as with long-term average seasons (10 and 15 years), making seasonal trends less concise and less reliable at this time.
  • Averages are adjusting to form a peak in early November, and the price will drop in mid-late November. After that, the average values ​​diverge again.

Seasonality is not a tool to use on its own, but rather should be combined with a price structure analysis to determine entry and exit points. Yet seasonality does give us time windows where we can observe reversals of trends and feel more confident when we see the price pattern that points to the reversal during seasonal windows presented above.

It is important to consider the general market trend. According to trends, use the seasonal minimum for purchases. In general fall trends, use seasonal highs to cut or sell.

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Money movement strategy

I recently tried to explain the reason I was making money on both real estate and the stock market between 2000 and 2005, but the economy wasn’t actually doing so well. So I did some research and found graphs showing the average level of the Dow Jones industry over the last 10 years. I also found Fed rate and real estate sales charts for the same period. When I compared the charts, I found some interesting correlations between the current real estate market, the cash flow rate and the stock market.
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I saw that the last time the real estate market had so many stocks was in January 1996. When I looked at the Fed’s rate in the same year, it also rose between 4.75 and 5 percent, and that’s where they are now 10 years later. So if we look at the stock market at the time, it also reacted the same way as it does now. With all this research, if you believe in a money movement strategy that assumes that wealthy investors tend to move money between stocks, bonds, real estate and the money market. Where do you think the stock market is heading? I firmly believe that over the next 2 or 3 years we will see very bullish activity in the stock market.
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For more information, visit my website.
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Forex Trading Strategies – Guessing the Mysteries of Charts and Candlestick Patterns

If you use technical analysis as one of your foreign exchange trading strategies, you are probably using candlestick charts. Candlestick charts are one of three options (along with bar charts and lines) and are most popular with modern traders as they give the most vivid picture of what is happening in the market. But do you use them to the fullest?
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By studying the candlestick charts, you can immediately imagine the opening, closing, low and high prices for their chosen period. But that’s not all that candles can show.
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An experienced candlestick reader can gain a deep understanding of the mood, power and momentum of the market by simply studying the shapes and patterns of candles. Some successful traders abandon all metrics and simply focus on what the candlesticks show about the price action.
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Candlestick charts date back to the 18th century in Osaka, when the legendary rice trader Homa Munehis used them to spin the market. Japan’s long isolation meant that candlestick methods remained hidden from the rest of the world.
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But then merchant Steve Neeson explored the method of charting candlesticks in the 1990s from old Japanese documents. Nissan quickly appreciated the Zen-like beauty of the way candles are traded and continued to fight for the system in a series of popular books.
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Nissan’s books show in great detail many candles, including a dark cloud, a hanging man, morning and evening stars, and the famous doge with various incarnations such as dragonflies and mastiffs.
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You may be overwhelmed by reading such books, but in reality you just need a small group of candlestick patterns that can be used with confidence and clarity on a daily basis. You just need to know which models to focus on and how to correctly interpret what they tell you.
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Candles never lie, but predicting their message is not always easy. You need to take some time to understand what they are telling you. Make reading candlesticks one of your forex strategies and get ready for success in currency trading.
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USD / CAD turbulence in Forex charts

There have been a number of recent issues with the USD / CAD pairing that have been going through quite a bit of trouble lately. The pair has a number of trading firms that allow a large number of traders to call their forex brokers and place trades on various charts. The amount of business in this pair has grown late, and has brought many traders to the table in search of some opportunities. Combined with the major events that are taking place in the big changes and developments, the technical indicators have created some profit potential for the users. Especially day traders present here are taking advantage of the occasional fixed transfers and doing quite well.
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The Canadian dollar will be a reliable boost in oil supplies in conjunction with new natural gas measures in the United States. The Middle East oil supply is likely to make a huge difference in energy policy in this policy of drying up. Oil can become more severely tied to CAD on the Forex chart as time goes on. Considering the current price of oil in the same way as CAD, most people will consider the issue of the dollar against gold as a very good idea in the future. While the technical indicators are still going to be very helpful this new relationship between CAD and oil is only going to grow, and it is certainly a matter of finding out.
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Of course there is a balance that should always be reached before making a hasty decision. Moving forward in a way that will ensure the pair’s continued profitability also means looking at the current cost of crude oil. As the CADO improves with the rise in oil prices, this increase in shale oil collection methods will only get bigger and more violent. There are many possibilities that may make it difficult for a trader to consider them, but failure to do so can lead to unforgettable losses. The USD / CAD pairing may not be worth seeing right now, but there are many more to come in a few months, so keep in mind when deciding on a future business that it will never be EUR / USD in terms of mind opportunities May arise.
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Kangaroo tail model in technical analysis

The kangaroo tail is a model that signals trading opportunities for traders. It’s included in Alexander Elder’s book, Come Into My Trading Room.

Tails can be marked to reverse the trend in the markets. While trends take a long time, kangaroo tails emerge in a matter of days.

The kangaroo tail pattern takes at least three bars to complete. A tail is a bar chart or a bar chart of candle sticks, nailed in the direction of a trend, surrounded by narrow bars at the beginning and end. That middle bar is the tail, but traders won’t know for sure until the next day they make a reversal when they quickly squeeze a bar or a stick at the base, leaving the tail hanging.

Market tails often occur at turning points in the markets, offering traders the opportunity to trade. Traders should recognize the tails and trade against them. Whenever traders see the tail, they should be ready to place a bargaining position against that tail before it closes.

When traders enter the trade using their tails, they should place protective stops approximately halfway up their tails. If the tails are chewing, take them out without delay. In terms of profit targets, moving averages and channels can be set.

The kangaroo tail pattern is one of the most reliable reverse patterns, especially when supported by signals from other indicators. In addition, the model could be used at any time. The tail produces more movement over the shorter period of time than the tail in a shorter period of time.

Goldminer Indicator Summary

The Goldminor Indicator is an indicator that provides very clear input and output signals for the Metatrader Forex platform. In this article, I will give you a brief overview and give you some initial thoughts on this indicator.

The only way to get a Goldminer Indicator is to buy an automated Forex trading system, Forex Funnel. According to the creators of the Forex Funnel, the Goldminer Indicator is so accurate in defining the trend that at first they intended to present it as a separate Forex product, but finally decided to offer Forex Funnel products as a bonus.

The Goldminer Indicator consists of 2 indicators that work together to create a complete trading system with very clear entry and exit positions. At the bottom of the graph are either blue or red bars, and in the graph there are purple and yellow arrows. Trading rules are simple –

  • Purple Arrow + Red Rod = Sales
  • Yellow Arrow + Blue Rod = Forehead

I haven’t had much time to try this system yet, but what I’ve seen so far seems very promising. The indicator reads the trend very accurately and creates about 2 trading opportunities per day. The indicator works for 1 hour, but the documents do not show that it will work best with a particular currency pair, so it needs to be tested. I used USDJPY in my tests because it is a pair traded by Forex Funnel.

Another interesting point in the Goldminer Inidicator guide is that the creators offer a strategy that uses the same values ​​to stop losses and make a profit. For example, if you use the 30 pips profit setting, you must use a stop loss of 30 pips.

I spent a lot of time looking at the transactions made by the Forex Funnel system, and so far the robot doesn’t seem to be trading according to the Goldminer Indicator, which is a good thing because it basically means you’re getting 2 different trading systems.

Richard Doncian’s rule will make you the best trader

Richard Doncian’s 4-week theory is a time-tested strategy used by most professional traders. Although I prefer to use automated trading software, 4-week theory is one of those non-automated strategies I use for stable profits.

After 30 years it is still strong

Doncian’s 4-week theory is a proven strategy that has been around for over 30 years. Because of its simplicity, many traders ignore it because they don’t believe it can be profitable. The reality of this is that the week 4 rule has been making money since it was first introduced to the commodity market over 30 years ago, and it still brings huge profits. This theory works well in any market type, forex market, stocks or commodities.

How does it work?

Doncian’s theory contradicts what most traders consider the main rule of trading is “buy low and sell high.” While it is true that if you can identify the highest selling point and the lowest buying point, you will make a profit, the reality is that these points can be avoided by even the most experienced traders. Doncian’s theory uses the rule of week 4 to determine when to engage in trading. Just going long when the value of a biased currency pair exceeds all highs in the last 4 weeks, and conversely decreases when the currency pair falls below all lows in the last 4 weeks. If you learn how to apply this theory, you will NEVER miss any of the important trends that continue for weeks or months again.

Why does it work?

The Donchian 4 week rule is a simple price action strategy that is based on a breakout methodology. If you look at the currency pair charts, you will see that long trends can last for weeks, months or even a year or more. Upon closer inspection, it is clear how these trends begin and continue, constantly breaking through to new highs when the market is bullish, or to new lows when the market is bearish.

The methodology is really solid. Because it is only interested in 4-week highs and lows, the system will capture and contain long-term trends. In terms of making money, long-term trends are constantly making big profits. The Forex market is no exception when applying the 4 week rule and is very profitable in the long run.

One of the disadvantages of Donchi’s theory is that it does not work in markets that are sideways or consolidating. As a matter of fact, in the side markets the rule of week 4 is to lose money. The way to prevent these losses is to trade in uncorrelated markets using this rule.

Conclusion

The 4 week rule creates trades when most expect the opposite. While this may sound bad, in reality it is not. Keep in mind that 95% of Forex traders lose money, so disagreeing with most is probably a good indication of good trading. To date, I have not seen any automated system based on Richard Doncian’s theory, and because it is simple in its simplicity and has proven stable profits, you should include it in your trading toolkit.

Is VWAP an important part of your E-Mini Trading Plan?

If you’ve read any of my articles, I know of a complete disdain for lagging indicators. Including and using a weighted average volume price (VWAP) in my chart seems to be a (hypocritical) contradiction in my trading style. I answer that “guilty”. It is a good indicator for tracking your daily internal movement and your daily location in terms of your exact location. There are those who use VWAP to access professions; In this respect, I do not find it useful, but there are many other uses for this valuable indicator.

I have seen that many traders and trading room operators start trading in the direction of price movement as the average volume moves along the price line. I have never traded in this way as it is not the main indicator to start trading in my world. That said, I have seen many merchants do business with great success on VWAP. Since I do not trade this indicator in this way, I cannot give you any hard data to support this particular trading strategy. I did a scientific and quick back-testing that shows that this strategy is moderately successful. no “cure” for getting into trades, not for long.

What is this indicator for?

As I said from the beginning, there are fewer useful techniques for using the weighted average price of volume and others that are useful. For me, I use the indicator to fix the bias in the direction of trading and to monitor the market price throughout the day. On this day with significant ups and downs, it can be difficult to orient yourself about the position of the future chart; you want something that reflects a neutral attitude. Of course, this particular indicator works considerably better than the moving average, but that doesn’t delay it; so it is a good exchange for me to establish the normative value of summation by combining volume and price movement. It’s like having GPS in a very large forest; at least you know where you started the day and you can easily return to that place. It seems that traders lose track of their location on a given day and it becomes difficult to set trend or parenthesis parameters.

VWAP is a standard indicator on many trading platforms and the Internet is equipped with “do it yourself” instructions for programming that indicator on the platform API.

Big timeframe vs. short timeframe

Many traders think that it is best to trade with a timeframe and what is the profit if you trade with it. In fact many traders do not know what is the difference between the two timeframes and both are not exactly the same, each has its own advantages and disadvantages. You will understand which timeframe is right for you and of course there are advantages to each of them after reading this article.

Analysis

The analysis part becomes really easy when it comes to big time. It is easy to analyze and with it easy for the business because of the low noise nature of the market so it is easy to identify the market flow. The larger the timeframe you choose, the easier and more accurate it is to analyze. The downside to choosing a short term is that it is difficult to analyze. Remember, the shorter the time frame, the harder it is to analyze. In a short period of time, you realize that there is a lot of noise in it. It is difficult to identify the market flow because you can see that most of the things the market is always integrated into.

Profit

The larger the timeframe, the easier it is to analyze, but the advantage of using a larger timeframe does not stop there. The longer the term, the bigger the profit you will get in return. For example, if you search the daily chart or even the weekly, you will find that each pendant in the market represents hundreds of pipes, if not thousands! The shorter the term, the less profit you will get. This does not mean that the short term cannot take advantage of the market but you will see the latter.

Opportunity

As I said, even a short period of time can take advantage of the market but the chances are low. The great thing about choosing this period is that as much as you want to trade, the opportunity that you will take is almost without limits. Most of the traders involved in this period are mostly scalpers. In the big time period, most of the time you are able to trade 1-2 times a day and sometime in a day you do not see any signal and that is normal. In fact, once you take a trade, the chances of winning the trade are very high and very profitable since you already know the profit and the analysis part right?

In conclusion, I see that there is a high probability of big time if you do business with it but remember, I have only listed 3 things in this article and there are actually some more advantages and disadvantages that I would like to talk about, but 3 The most important part of the thing that I mentioned here. Now, you can test it and switch the time period on your chart platform and you will see this difference right now.

Relative Strength Comparison (RSC) A Key Success Tool in Trade-Part 3

To create an intelligence that uses RSC, you must first open a table of base indices, such as the S&P / ASX200 for the Australian market or the Straits Times Index for Singapore, which you will use to compare between market sectors. After opening the table, left-click on the price field to highlight the price information. You will know that it is selected when a number of small dark squares appear in the price plan. It is important to note that each time you want to conduct such an exploration, you must first select your index.

Then, open the Explorer dialog box and select ‘new’ and name Explorer ‘MetaStock Guide Sector Analysis’. Then tap ‘Column A’ and enter the following formula:

ROC (MOV ((C / P), 13, S), 1,%)

This formula calculates the percentage change in relative strength over a 13-week period relative to the sector’s base index. It may seem complicated, but first let’s break it down into manageable parts, starting with the brackets inside:

C / P is the relative strength (or RSC component) of the sectors tested against the base security.

The way to calculate is to divide the closing price of the sector by `P`, where` P` is the main indicator that you emphasize before creating this intelligence.

(MOV ((C / P), 13, S) Calculates the moving average of the RSC for 13 weeks.

ROC (MOV ((C / P), 13, S), 1,%) calculates the rate of change of the moving average of the RSC, in other words, the amount that the sector transfers up or down as a percentage.

When looking at MetaStock, remember that you did not enter anything in the filter tab. This is because you only use the filter tag when you want to extract certain securities from your research results. You must leave the filter blank because you want to list all sectors, not just one sector.

You should check the time period before starting this exploration. To do this, click the “Options” button at the bottom of the “Exploration Edition” dialog box, and then select the weekly recorded radio button. Double-click “OK” to return to the “Scout” dialog box.

You are now ready to explore, so click the “Discover” button. The `Select Securities for MetaStock Guide Sector Analysis’ dialog box will appear and you must select the folder containing your market sectors. This folder should be stored with your other market information and is generally a folder from the stock folder. However, this may vary depending on who provides your information.

When market sectors are highlighted, click “OK”. When the exploration is complete, the “Exploration Completed” dialog box will appear. Click the `Reports` button to get a summary of the survey. The results shown in column A will give the rate of change of relative strength

Tip: You can adjust the results in ascending or descending order by clicking on the `Column A` heading.

What do these results mean?

The results of this exploration are quite simple. A value greater than zero indicates that the market sector exceeds the base index. Zero indicates that the market sector is operating relative to the base index, while a negative figure indicates that the market sector is performing less than the base index.

Note that an increasing RSC value only indicates that the market sector exceeds the base Index, which does not necessarily indicate that the sector value has increased. Similarly, if the RSC falls; only the sector performs less than the market index, the market sector does not lose value. For this reason, it is important to open the table of market sectors to analyze trends.

This information alone can complete your current trade. For example, you may decide to trade only securities in the best sector. Or you can go a step further, select the first five sectors, and use MetaStock Guide Sector Analysis again. But this time you can compare individual securities with the relevant sectors.

The difference between doing this exploration and doing the first is that the market index is now transformed into a market sector chart; and the list of sectors will be a list of the securities that make up the best performing sectors.

By following the same steps as before, you can conduct five separate surveys and rank the securities by their respective sectors. The result will determine the securities that perform best in the first five sectors.

The final step in this top-down analysis will be to open all the graphs included in the shortlist. You can further lower this list by canceling securities that are not in high trend or are sold very poorly. In the end, between five and ten securities will remain the cream of the crop. These securities will be the best performers in the best performing sectors.

These securities should now be placed on your watch list. I advise you to compete and buy them. Instead, wait for a suitable trigger to enter. This can be based on candlestick patterns and / or suitable combinations of other bullish indicators.

RSC intelligence is a great way to harness the power within MetaStock. It can be an extremely effective tool for identifying profitable trading opportunities. The disadvantage of this type of intelligence is that it does not have a complete system in itself and needs to be combined with other entry, exit and money management rules. However, you can create a robust trading system that will benefit greatly from the inclusion of sector analysis.

What is bitcoin?

Bitcoins have over time become a very famous and popular form of currency. However, what is Bitcoin? The next article will discuss information about the entry and exit of this currency, which jumped out of nowhere and spread like wildfire. How is it different from regular currencies?

Bitcoin is a digital currency, it is not printed and never will be. They are conducted electronically and no one has control over it either. They are produced by people and businesses, creating the world’s first form of money known as cryptocurrency. While conventional currencies are seen in the real world, bitcoin passes through billions of computers around the world. From bitcoin in the US to bitcoin in India it has become the world currency. However, the biggest difference from other currencies is that it is decentralized. This means that no particular company or bank owns them.

Who created it?

Satoshi Nakamoto, a software developer, proposed and created Bitcoin. He saw this as a chance to have a new currency on the market, free from central government.

Who prints it?

As mentioned earlier, the simple answer is no one. Bitcoin is not a printed currency, it is a digital one. You can even make transactions online using bitcoin. So you can’t knock out an unlimited number of bitcoins? Not at all, bitcoin is designed to never “extract” more than 21 million bitcoins simultaneously in the world. Although they can be broken down into smaller amounts. One hundred millionth part of bitcoin is called “Satoshi”, in honor of its creator.

What is bitcoin based on?

For most and common use, bitcoin is based on gold and silver. However, the truth is that bitcoin is actually based on pure math. There is also nothing to hide here, as it is open source. This way, everyone can sort it out to see if it works the way they claim.

What are the characteristics of Bitcoin?

1. As mentioned earlier, it is decentralized. It is not owned by any particular company or bank. Every software that extracts bitcoin makes up a network and they work together. The theory was, and it worked, that if one network went out, the money would still flow.

2. It’s easy to set up. You can set up a bitcoin account in seconds, unlike large banks.

3. It is anonymous that at least part of your bitcoin addresses are not linked to any personal information.

4. It is completely transparent, all transactions using bitcoins are displayed on a large chart known as a blockchain, but no one knows that it is you, because it is not associated with names.

5. The transaction fee is meager, and compared to the bank commission, the rare and small fees associated with the bitcoin fee are almost useless. It’s fast, very fast. Wherever you send money, they usually arrive a few minutes after processing.g. This is not disputed, that is, once you send your bitcoins, they will disappear forever.

Bitcoin has significantly changed the world and the way we see money. Many are left wondering if it is possible to live with bitcoins. Some even tried to do so. Despite this, bitcoin is now part of our economy, a unique type of currency, and it will not disappear any time soon.

5 technical indicators used by experts

If you’ve just learned technical analysis, you may be overwhelmed by all the indicators you need to base your predictions on. You may not be able to use all the indicators and be able to decide in a timely manner, so we will list the top 5 technical indicators used by experts in the Forex market.

Moving averages

If you are a beginner trader, you may want to start with the simplest indicator. The moving average, while simple, is one of the preferred technical indicators for experts. With the moving average, you compare the averages of the charts in two different ranges. For example, you can compare a 7-day average and a 30-day average. Look at how the two averages intersect. You can predict a bearish market if the crossover comes from the top down, and you can predict a sharp market if the crossover comes down.

Bollinger bands

This technical indicator believes that the market value can be increased or decreased according to two standard deviations. Each standard deviation is drawn on both sides of the moving average price graph. So basically, Bollinger Bands are used to measure whether the price is considered high or low depending on the price history.

Relative Strength Index (RSI)

The relative strength index, or RSI, is the relative strength of the security price compared to past prices of the same value. RSI is used to determine whether a security is buying too much or not selling. Usually within 14 days, you will see a downward and sharp change in prices. You need to divide the sum of the labor fractures by the sum of the lower ones. The answer is an index from 0 to 100. If the number is above 70, the security is excessive (low). Also, if the number is below 30, the security is excessive (bullish).

Stochastic

A stochastic indicator is a good tool to know if the market is strong or weak. This technical indicator shows that if the price rises on the trading day, it is likely to end near the maximum price per day. Therefore, if the price falls on the trading day, it is likely to end near the minimum daily price. This indicator is used as a time tool and can show changes in the trend based on your investment movements. The stochastic indicator is best used in conjunction with RSI.

Average Convergence Difference (MACD)

MACD is a momentum meter that can be calculated by finding the difference between two exponential moving averages. The MACD is following the trends closely. The MACD is different from the moving average, in that with the exponential moving average (EMA), it is given much more weight in the final prices than the rest of the prices represented in the chart.

If you look ahead, you will find many other helpful indicators. However, the ones we have listed here have been the ones that have been tried and tested by experts. By using or combining any of these technical indicators, you can zero in on the best trading move.

You can also find Forex technical indicators used by experienced traders on the Technical Analysis Tips website.

Currency Trading Strategies – How to Use Fib 127 for Continuous Profit

A hard currency trading strategy is to get a business into the right place, a stop that is calculated correctly and setting a reasonable profit target that works from time to time.

Many new traders have set very ambitious profit targets in anticipation of the trade becoming a “big one” and hope that this will help them offset the amount of losses they have suffered.

However, a more effective currency trading strategy is to set reasonable profit targets every time, not expecting a homeowner, and to be satisfied with the small profits that generate equity in the account on a regular basis once the composite action is nicely started. Inside.

The Fibonacci tool is here.

This article captures how a trader knows how to use the Fibonacci tool which comes as a standard technical analysis tool in most charting software packages.

The basic retracement levels are 38, 50, 62 and 70 percent, two extension levels are commonly used – 1.27 and 1.62 percent.

The Importance of Five 127

This is our interest level 1.27.

Why?

Because the price regularly reaches the level of 1.27, or at least within a few pips of it. Prices are also often found around the 1.62 level but not nearly as high as the 1.27 level.

So if you trade with this trend, always have a safe currency trading strategy and the price returns to the 50 or 62 retracement level, the price of a very reasonable opportunity will reach the target of 1.27.

If the price returns to the retracement level again, it can’t go that far. If you trade from this retracement, you will want to take the first profit at the end of the swing as the price may not rise above this point to the level of 1.27 or 1.62.

Some traders only focus on this currency trading strategy when taking the trend:

  • At Fib 50 retracement
  • Out of the Phoebe 127 extension

Why is this sound currency trading strategy?

This is because the Fib 38 retracement level does not provide such a good risk reward ratio many times over. There is always the risk that the price will come back further and close your stop.

On the other hand, prices often fail to reach the 62 or 79 retracement level so traders are put on the sidelines as they fail to fill.

The 50 level is often reached so the trader has a good chance of fulfilling his order.

On the other hand, the 127 extension is not very ambitious. Outputs at 50A and 127 often gain somewhere between 25 and 40 pips. The risk reward ratio is satisfactory to stop a 20 to 25 pip.

How to use Fib 127

Here are a few more things to consider when using the Five127 extension:

See if this level matches other factors

  • Support or resistance to earlier key levels in higher time frames such as 1 hour, 4 hours, daily or even weekly.
  • 1 hour or 4 hours 200 EMA (Effective Moving Average). It often provides a strong level of support and resistance.
  • A pivot point (central pivot point, R1, R2, S1, S2, or M1-4 levels) calculated from the previous day’s high, low, and close.
  • Even with regard to the Fib 127 as a matter of taking profits, it is wise to trim a few pips of the limit order. So often the price reaches around Phoebe 127 and pulls back.

    Yes it can touch it later but in the meantime the price goes backwards and you have to have mental stamina to be able to handle it.

    Many traders would rather take a slightly lower profit and save two hours together with the risk of price consolidation so that they can lose the profit on their own.

    A solid currency trading strategy develops over time. A key element is not being too ambitious. The Fib 127 extension level is a reasonable profit goal that you can use regularly to extract your wages from the Forex market!

    MT4 Trend Line EA – Trend has facilitated Trading and Breakout

    We present a new trend line EA tool for Forex Meta-trader 4 trading platform. This software comes with technical and sales support for the community.

    How Trend Line EA works

    You draw lines by hand on the chart, and when the price breaks or touches the line, the move will instruct the EA to make a trade entry. Forex users can open market orders or pending orders with this EA.

    The drawn trend line can be horizontal, vertical lines or any. Lines drawn with any gradient can still act as an waiting order. This feature is very useful in channel or trend line trading, as this powerful feature is not found in the standard work of the Meta-Trader 4 trading platform.

    Expected Order Official

    In order to program the drawn lines to perform trade inputs, the lines must have special codes in the line description. You can easily refer to the guide to copy and paste the codes into the line description.

    Ordering an expected order can be as easy as typing ‘AL’ in the line description, and a trade entry will be made immediately when the price is cut or the line is touched. If you want to order a pending sale, type ‘SAT’ to place a pending order in the line.

    When a trade is made on the line, it will end and cease operations. Therefore, any line can be used only once. Trading entry rules, such as suspension or profit levels, entry lot size, and sliding, can be set in advance before trading can take place.

    Mark and Paste

    An additional advantage of an order waiting for a drawn line is that the user can easily drag the trend line around the chart, and the waiting order will be moved to a new location. It works almost like dragging and dropping with this tool.

    Advanced Trend Line EA Features

    In addition to drawing an expected order, you can add a single or several partially close rows to the table. By marking these lines on a specific waiting line, these newly added partially adjacent lines will be linked to the order ticket number executed by the labeled waiting order line.

    You can also draw your own stop-loss lines, take profit lines, partially zoom in and bring stop-loss to breakven lines.

    A stop-loss on a harmless line is the transfer of the stop-loss level to the entry price of a trade when the price crosses or touches that line. This action makes trading a harmless trade.

    This expert advisor is a very effective tool for forex traders, because it literally trades on behalf of the user, thereby reducing any trading stress. Forex traders can use this tool to trade many technical chart patterns. Makes Forex trading easier than ever. If you can draw a few lines in the diagram, then it will work by itself. It is a general trading freedom for the user as there is not really much after preparing the schedule for today.

    Expectations must be corrected

    Trendline EA is a semi-automated ea designed specifically for manual forex traders. What people need to understand is that this program is as good as a trader’s technical analysis skills and trading experience.

    It’s like leaving a few lines on the chart and moving away, a trader can now make money from forex trading. Although this tool provides this opportunity, the developers do not think so.

    Developers want to empower traders with full entry and exit trading performance. This will provide more control over forex entry and exit and will therefore lead to the use of a more advanced forex trading system. Power comes when you can run all of these systems on automation, and you spend more time studying the market. After the desired period, the baby is not required to sit in the trade.

    But honestly, if you can draw a line, you can make money by applying information about market volatility, support and resistance, price transactions and money management to your forex trading with this program.

    Trend line EA is a program that helps a hand trader to automate forex trading strategy. The user must draw a trend line on the chart and the EA must shop for it.