Young Ho Seo / Profilo

Discounts on Great MetaTrader 4/MetaTrader 5 indicators last few more days – 11 May 2019

We are still offering some special discounts on our 10 great MetaTrader Products from Easter. We will be closing this special discounts next few days. You still have few more days to get this massive discounts on our products. Do not miss the opportunity.

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GBPUSD Market Outlook 2- 10 May 2019

GBPUSD tried to test the resistance (=Potential Continuation Zone) once more before market close. The momentum was not built up. Instead GBPUSD made a reversal. I think last week, this resistance will keep coming up for your trading. 

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EURUSD Market Outlook - 10 May 2019

So bit of bearish sentiment is starting to grow in Forex market. Some but less currency pairs are still in bullish sentiment. EURUSD is one of them. EURUSD is currently testing supply zone near the AB=CD pattern. 

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Showing Historical Patterns in Optimal Turning Point Pattern Scanner

In trading, you get your profits as good as your tools. Optimal Turning Point Pattern Scanner is the superb Harmonic Pattern Indicator using the next generation pattern detection algorithm (The first Non Repainting + Non Lagging Harmonic pattern indicator.). To understand and to test your strategy, simply increase bars to scan to some higher number like 5000 or 10,000. Initially bars to scan is set to 250 to save some computation but you can increase as many as you can to just check your strategy. Screenshot shows how to do it.

1. Optimize your Strategy per symbol and per timeframe

As you can see, Harmonic Pattern and Elliott Wave pattern will perform differently per symbol and per timeframe. Hence, check history signals per symbol and per timeframe to optimize your strategy per symbol and per timeframe. While you are studying these patterns with optimal turning point pattern scanner, you will gain more and more knowledge and skills for your trading.

2. Apply many indicators and filters

To improve success rate, make sure that you are studying various indicators and filters together with the historical signal patterns. In my opinion, you will gain practical knowledge within few weeks whereas other harmonic pattern trader takes typically 1 to 3 years to grab knowledge of harmonic pattern trading (and 2 to 4 years for Elliott wave trading). This is great with this non repainting indicator.

3. Set Bars to Scan input = default in live trading to save computation

Another important note is that make the “Bars to Scan” input to 250 after you have finished your studying with historical signal patterns. If you leave Bars to Scan = 10,000, etc, this would be too heavy for your MetaTrader. For your live trading, set Bars to Scan = 250 or as small as possible. Since live trading results and historical signals are the same, you will not get lost anything even if you set Bars to Scan = 250 or other reasonably small number.

4. Important note for best performance

Study with Optimal Turning Point pattern scanner and trade with Optimal turning point pattern scanner only to achieve the best trading performance. It is because we have set different but optimized harmonic pattern ratios from typical harmonic patterns after testing many runs because optimized patterns are performing betters. Some people do not keep this, you can not achieve the best performance.

5. Simple and easy to trade

Beside all this sophisticated technology running before your PC, trading with optimal turning point pattern scanner is easy and simple to trade because of its non repainting features. Just study your charts and trade with your charts.

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GBPUSD Market Outlook- 10 May 2019

So we are on London and Moscow session. Market is slightly more on bull but still not entirely optimistic yet. We can tell buying JPY and USD is not a great idea at the moment. GBPUSD is pretty moderate. GBPUSD attempted to test the resistance (=PCZ) several more times but still not broken yet.

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EURUSD Market Outlook - 9 May 2019

So I have gathered the screenshot of how the forex market ended. In fact, many currency pairs were ended in bearish. But EURO related pairs were ending in bullish. EURUSD was also ended up in moderate bullish. Having said that the Potential Continuation Zone of AB=CD pattern is still giving us some important clue about the movement. So I included in the screenshot. 

Also do not forget that we will be offering our special offer until this Sunday. and do not miss the great opportunity to get the powerful MetaTrader indicator at the discounted price.

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GBPUSD Market Outlook - 9 May 2019

Overall we have more of bearish sentiment. GBPUSD is one of them too. As we have mentioned, in our previous post, Potential Continuation Zone act as an important resistance for your trading. 

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GBPUSD Market Outlook- 8 May 2019

We have mixed sentiment for forex market. GBPUSD is taking the lead in bearish move.  For your information, GBPUSD have broken its last Potential Continuation Zone. Now it become resistance. 

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Discounts will last few more days - 7 May 2019

We are still offering some special discounts on our 10 great MetaTrader Products from Easter. We will be closing this special discounts next few days. You still have few more days to get this massive discounts on our products. Do not miss the opportunity.

https://algotrading-investment.com/latest-special-offer/

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

GBPUSD Market Outlook - 7 May 2019

Butterfly pattern is still in position for GBPUSD. We have outlined Potential Continuation Zone for your trading. 

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EURUSD Market Outlook - 6 May 2019

As we have mentioned in our prevous post, Market was ended in generally bullish sentiment. For EURUSD, it was moderate only though. Butterfly pattern is still in position for EURUSD. PCZ level would act as support.

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GBPUSD Market Outlook - 6 May 2019

In regards to our previous post, GBPUSD broke the previous PCZ level and made further 60 pips down. Having said that, market is bullish in general.

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Trading Tips for Newbie in Forex and Stock Market

This is the simplest explanation for Trading Science for newbie.

Q1: What is the trading ?

A1: Trading is profit seeking. Profit seeking is materializing the regularities in the financial market. If you made money from the market, you must found and detected some sort of regularities in the market. Some people call these regularities as correlation, patterns, trend, holes, or many other names. But they are all regularities regardless of how you call them. Even you are doing some sort of arbitrage trading, you are still making use of regularities that are known to few people.



Q2: What are the regularities trader should know for their live trading ?

A2: There are regularities from simple to complex. To make your life simple, I have gathered five most occurring and most important regularities for trader. They are trend, seasonality (additive + multiplicative), cycles, Fractal wave and correlation. Typically any of trading strategies are designed to capture one of these five regularities. Typically you need to mix and match several strategy to yield notable profit taking instead of just using one strategy.

Q3: How to capture these regularities for profit ?

A3: It is important to understand your tools. Instead of blindly applying MACD and RSI for your entire trading, you need to study each tool and strategy carefully on which market they are designed to work best. Especially it is important to understand each tool and strategy are typically designed to capture one of the above regularities. Hence, most of good traders are using multiple tools.

Q4: What else trader should know about ?

A4: Risk management and position sizing is the golden rule for successful trading. Key point is to understand these three variables for your trading.

Breakeven win rate
Success rate
Reward/Risk ratio
Physically and psychologically, with these concepts in your head, you will get a lot of buffer for losing trades but spring board for winning trades.

Q5: Any further tips on improving profit ?

A5: trade with deep decision making instead of superficial decision making. It is the quality matter and not quantity. It is useless that you trade fast reckless. Many number of trade will not guarantee your success. Even for one trade, pull the quality piece of information technically (from chart) and fundamentally (from surrounding market environment).

Q6: How to use Price Pattern Table ?

A6: Price pattern table shows how five regularities are existing in the market. From left to right, we are having more complex form of regularities (or market) depending on what internal and external factors are correlated with.

Column 1

This is extremely simple market where not so much regulation and not so much information around. Trading this type of pattern is not so complicated even for average people. You would become just successful trader using some simple technical indicators like moving average indicator, MACD, etc.

Column 2 + 3

When market started to correlate with time, we will start to see some sort of cycles in the market. When there is single cycle you would notice but several of the combined cycles can confuse many average people if they are not trained. Buy and sell decision making can be more complicated to the market state in Column 1.

Column 4

Many cycles are mixed and it is difficult spot the presence of one dominating cycle  because there are too many cycles mixed. We need more and more skillful decision making to become successful trader in this type of market.

Column 5

Number of influencing variables in the market increased too many (like too many government regulation, too many diversified players, too many external factors), cycles are no longer dominating market patterns. In this market, we can trace the footage of fractal wave instead of cycles. This is the scientific idea behind the Price Action and Pattern Trading.



Link to our website for Price Action and Pattern Trading Tools:

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

https://algotrading-investment.com/

GBPUSD Market Outlook - 5 May 2019

Just first 50 minutes past in Forex market. Market was started with bit of bearish sentiment today. GBPUSD is moderate but with some bearish reaction too. With the formation of butterfly pattern, the first potential continuation zone could become important in predicting next move for GBPUSD.

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Multiple Timeframe Pattern Scanning for Harmonic Pattern Plus and Harmonic Pattern Scenario Planner

Here is simple screenshot showing you how to enable Multiple Timeframe Pattern Scanning in your Harmonic Pattern Plus and Harmonic Pattern Scenario Planner. Just enable Use Multiple Timeframe Pattern Detection = true in your input setting. That is all.

Also there is small “M” button in your chart in case, you want to refresh multiple timeframe pattern scanning manually.



Link to Harmonic Pattern Plus

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

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

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Link to Harmonic Pattern Scenario Planner

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

https://www.mql5.com/en/market/product/6101

https://www.mql5.com/en/market/product/6240

Supply Demand Zone analysis for USDJPY and EURGBP – 4 May 2019

Here are some important supply and demand zone for USDJPY and EURGBP. These supply and demand zone would be worth looking for your trading next week.

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

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

Supply Demand Zone analysis for EURUSD and GBPUSD - 4 May 2019

Here are some important supply and demand zone for EURUSD and GBPUSD. These supply and demand zone would be worth looking for your trading next week.

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/

Mean Reversion Supply Demand

We have many sophisticated trading system to construct the sound portfolio of your investment and trading.

Mean Reversion Supply Demand is one of those powerful tool you can add in your collection. With the built in Market Profile indicator, the tool provide flexible and accurate control of your entry and risk management especially around the significant trading zone in your chart.

Highly automated feature can help you to readily set your profit target and even more sophisticated analysis in your chart.

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/

Mean Reversion Supply Demand

We have many sophisticated trading system to construct the sound portfolio of your investment and trading.

Mean Reversion Supply Demand is one of those powerful tool you can add in your collection. With the built in Market Profile indicator, the tool provide flexible and accurate control of your entry and risk management especially around the significant trading zone in your chart.

Highly automated feature can help you to readily set your profit target and even more sophisticated analysis in your chart.

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/

EURUSD Market Outlook - 3 May 2019

EURUSD made a strong bullish reversal at the demand zone and at the formation of bullish butterfly pattern.

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

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