Market Condition Evaluation based on standard indicators in Metatrader 5 - page 214

New comment
 

The beginning:

  1. Market condition indicators/tools thread 
  2. Market condition and EAs thread
 

Forum on trading, automated trading systems and testing trading strategies

Google

Sergey Golubev, 2017.04.03 08:12

Google April-June 2017 Forecast: weekly ranging to be stated or the secondary correction to be continuing; 853 resistance is the key

The weekly shares price is on secondary correctional movement within the primary bullish market condition: the price is located above Ichimoku cloud for the correction to be started in the middle of March this year by bouncing from 853.21 to below for 808.81 support level to be testing for the correction to be continuing.

Chinkou Span line is above the price indicating the ranging condition by direction, Trend Strength indicator is estimating the trend as a primary bullish, and Absolute Strength indicator is evaluating the trend as a ranging. Non-lagging Tenkan-sen/Kijun-sen signal is for bullish market condition to be resumed for now and in the near future for example.


If W1 price breaks 790.38 support level to below on close bar so the secondary correction within the primary bullish market condition will be continuing.
If weekly price breaks 853.21 resistance level to above on close bar so the bullish trend will be resumed.
If not so the price will be on bullish ranging within the levels.

Resistance
Support
838.80808.81
853.21790.38

SUMMARY: bullish

TREND: ranging to correction


 

Ichimoku


The beginning

  1. Simple Ichimoku System
  2. Simple Ichimoku System - rules for the systems
  3. Simple Ichimoku Scalping 

After

Forum on trading, automated trading systems and testing trading strategies

Simple Ichimoku System - rules for the systems

Sergey Golubev, 2010.03.03 08:36

Rules to use Ichimoku indicator.

Description of the indicator.

Lines of the indicator:

- Tenkan-sen;

- Kijun-sen;

- Senkou Span A;

- Senkou Span B;

- Chinkou Span.

The space between Senkou lines is the cloud. If the price is located between Senkou Span A and Senkou Span B lines (inside this cloud) so the market is ranging (if the cloud is big enough) or flat (if the cloud is small). In this case Senkou Span A and Senkou Span B lines are support and resistance lines.

If the price is inside the cloud and - Tenkan-sen and/or Kijun-sen lines are located in almost horizintal way so Ichimoku Sanjin suggested to use some other indicators to estimate the future of the price movement.

By the way - some traders are using Tenkan-sen and Kijun-sen lines (located in almost horizontal way, or at some angle of) to estimate the future possible trend strength. And they are using those Tenkan-sen and Kijun-sen lines only to predict the direction and the strength of the possible trend in the future. Just to be ready.

If the price is above the cloud so Senkou Span A and Senkou Span B are the first and second support lines. If the price is below the cloud so Senkou Span A and Senkou Span B are the first and second resistance lines.

Some traders said that if the cloud was/will be changed by color (you can see it from the image) - so it indicating the changing the trend in that future period of time.

If Chinkou Span line is crossing the price so it is the signal to enter (for buy or for sell). It is most strongest signal in this indicator. But this signal to enter is coming late sometimes so it is necessary to look at the other indicator' lines for confirmation. Please note: Chinkou Span line should cross the price on the closed/previous candle and no in horizontal way (it should be at angle of at least 45 degrees). Besides, this crossing should be done for candle chart as for line chart too.

By the way - this Simple Ichimoku System is ystem to trade on closed/previous bar rule: eery crossing, every signal and every estimation/ealuation of every indicator of this system should be considered in closed/previous candle.

Kijun-sen is the main line for trend in this indicator. If the price is above Kijun-sen line so, most proably, the uptrend will be continuing. If the price is crossing Kijun-sen so, most probably, the trend will be changed soon.

Tenkan-sen is reversal line: if this line is on uptrend or on downtrend - it indicates the trending market (uptrend or downtrend respectively). If Tenkan-sen line is going on almost horizontal way - it id flat (ot ranging) - price is inside the channel between 2 support/resistance lines which is near each other.

Some people are using Tenkan-sen/Kijun-sen crossing as the signals for buy or sell. But to say the true - this kind of crossing can not be strng and having many false signals. So, every cross or every Ichimoku signal should be conformed by the other indicator's lines or other indicator's signals (to increase the probability for good entry to the market).

There are some more complicated rules for Ichimoku indicator: trading based on and Senkou Span lines. Those rules are based on the location of those lines concerning each other and estimating the enter to the market on the direction of Tenkan-sen or Kijun-sen line. I will not decribe those very specific way of trading as we are not using it in this system.

And there are some other complicated rules which we are not using here. It is the following: all the lines (Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B, Chinkou Span) are used in the same way as Moing Averages indicators crossing with different period of the indicators. And traders are uing it together with Fibo and candle analysis and having very good results. But we are not uing this trading method in this system.

Any indicator's line is immediately re-act on the new extremum created. Besides, if we can see - Chinkou Span line is similar with Momuntum indicator by meaning. Thus, we are gaving in this 1 indicator:

- multiplied signals to enter to the market

- support/resistance lines and prediction of the support/resistance ituation in the future;

- direction of the market, market condition evaluation, and predition on the future;

and so on.

And it is just 1 indicator only acted as complex trading system. Some people can not believe but it is the real true: this indicator was finally created by 1 Japanese newspaper writer in Tokyo before World War II. But ... I can say more: the general concept for this indicator was invented in Japan in 18 century by one of Japanese mathematician, and Ichimoku Sanjin just continued this research. And for now - we are having one of the most powerful tool for trading with 70% of the probability of the winning trades. Just 1 indicator created in the beginning of 20 century based on the research which was done in 18 century in Japan!



 

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2017.04.08 09:59

Weekly EUR/USD Outlook: 2017,April 09 - April 16 (based on the article)

EUR/USD made its way to lower ground, struggling to gain ground. The week including Good Friday features business surveys and also some inflation figures. Here is an outlook for the highlights of this week 


  • Sentix Investor Confidence: Monday, 8:30. A score of 20.1 is expected.
  • German ZEW Economic Sentiment: Tuesday, 9:00. A small slide to 25 is on the cards.
  • Industrial Production: Tuesday, 9:00. A more modest rise of 0.2% is expected.
  • German CPI (final): Thursday, 6:00.
  • French CPI (final):  Thursday, 6:45.

    •  

    Market Condition

    The beginning:

    1. Market condition indicators/tools thread 
    2. Market condition and EAs thread 
    After

    1. Market Condition Evaluation (2 EAs were created) - the summary 
    2. Market Condition Evaluation based on standard indicators in Metatrader 5 - the key thread 
    3. Market condition - AbsoluteStrength indicator - the page

    ============

     

    Forum on trading, automated trading systems and testing trading strategies

    Market Condition Evaluation based on standard indicators in Metatrader 5

    Sergey Golubev, 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

    ================================

    The beginning:

    1. Market condition indicators/tools thread 
    2. Market condition and EAs thread 
    3. Trend indicators thread

    ================================

    Market condition

    • the theory with examples (primary trend, secondary trend) - read staring from this post till this one
    • Summary about market condition theory is on this post 
    • Practical examples about every market condition case by indicators: starting from this page till this one
       
    • trendstrength_v2 indicator is here,
       
    • AbsoluteStrength indicator new version is here

    ================================ 

    3 Stoch MaFibo trading system for M5 and M1 timeframe 

    ================================  

    PriceChannel ColorPar Ichi system.

     

    ================================ 

    MaksiGen trading system 

    ================================ 

     Merrill's patterns are on this page.

     

    ================================

    Divergence - how to use, explanation and where to read about.

      

    ================================

    Scalp_net trading system

    • template/indicators and how to use are on this comment.

    • scalp_net_v132_tf EA is on this post with optimization results/settings for EURUSD M5 timeframe
       
    • possible settings #1 for this EA for EURUSD M5 timeframe with backtesting results is on this post.
       

    ================================  

    MTF systems 

    more to follow ...

    ================================

    MA Channel Stochastic system is here.

    ================================

    Ichimoku


    The beginning

    1. Simple Ichimoku System
    2. Simple Ichimoku System - rules for the systems
    3. Simple Ichimoku Scalping 

    After


     

    Forum on trading, automated trading systems and testing trading strategies

    Press review

    Sergey Golubev, 2017.04.20 07:16

    NZD/USD Intra-Day Fundamentals: NZ Consumer Price Index and 41 pips range price movement 

    2017-04-19 23:45 GMT | [NZD - CPI]

    if actual > forecast (or previous one) = good for currency (for NZD in our case)

    [NZD - CPI] = Change in the price of goods and services purchased by consumers.

    ==========

    From official report:

    • "The consumers price index (CPI) rose 1.0 percent (up 1.0 percent with seasonal adjustment)."
    • "From the March 2016 quarter to the March 2017 quarter: The CPI inflation rate increased 2.2 percent."

    ==========

    NZD/USD M5: 41 pips range price movement by NZ Consumer Price Index news event



     

    Forum on trading, automated trading systems and testing trading strategies

    Press review

    Sergey Golubev, 2017.04.25 08:47

    Apple share with iPhone 8 launch - bullsh trend with 145.46 resistance as a key (based on the article)

    Daily share price is located above Ichimoku cloud in the bullish area of the chart. The price broke symmetric triangle pattern to above for the key resistance level at 145.46 for the bullish trend to be continuing.


    • "This morning, there was an interesting note out from the analysts at UBS, which speculated that Apple would delay launching the high-end iPhone 8 because the company is working on game changer' technology. The firm's analysts stated that they think the company is working on facial recognition technology in its OLED model (the rumored $1,000/unit iPhone8), which could replace Touch ID."
    • "We believe combing combining 3-D sensing and the location, as well as payment information, could bring up more personalized services and this could be one step towards potential augmented reality (AR) applications."

     

    The beginning

    MaksiGen Trading system (light Paramon): many variations of the system - the thread

     

    Forum on trading, automated trading systems and testing trading strategies

    Press review

    Sergey Golubev, 2017.05.02 07:40

    AUD/USD Intra-Day Fundamentals: RBA Cash Rate and 16 pips range price movement 

    2017-05-02 05:30 GMT | [AUD - Cash Rate]

    • past data is 1.50%
    • forecast data is 1.50%
    • actual data is 1.50% according to the latest press release

    if actual > forecast (or previous one) = good for currency (for AUD in our case)

    [AUD - Cash Rate] = Interest rate charged on overnight loans between financial intermediaries.

    ==========

    From cnbc article:

    • "The Reserve bank of Australia held its benchmark cash rate at a record low 1.5 percent as widely expected, but noting the housing market presents challenges to policy."
    • "Prices have been rising briskly in some markets and declining in others. In the eastern capital cities, a considerable additional supply of apartments is scheduled to come on stream over the next couple of years. Rent increases are the slowest for two decades. Growth in housing debt has outpaced the slow growth in household incomes. The recently announced supervisory measures should help address the risks associated with high and rising levels of indebtedness."

    ==========

    AUD/USD M5: 16 pips range price movement by RBA Cash Rate news event



    1...207208209210211212213214215216217218219220221...239
    New comment