Young Ho Seo / Profil

GBPUSD Market Outlook-7 March 2019

Another day for trading. Here we are having bit of diversification in the market. But all of commodity currency are strong. GBPUSD is in the bearish group. It is taking some short term correction with the formation of AB=CD pattern. 

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Interesting Article about Harmonic Pattern Indicator-7 March 2019

Many trader uses harmonic pattern indicator and scanner for every day trading. We have released some interesting article about Harmonic Pattern Indicator. Hope this is helpful in selecting your harmonic Pattern indicators. 

https://algotrading-investment.com/2019/03/03/evolution-of-harmonic-pattern-indicators/

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GBPUSD Market Outlook 2- 6 March 2019

GBPUSD made another protection on the Potential Continuation Zone 1. GBPUSD is taking short term bullish correction. Currently GBPUSD made 50 pips up from PCZ 1.

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GBPUSD Market Outlook - 6 March 2019

GBPUSD is making another test on Potential Continuation Zone 1 again. We have observed that GBPUSD was consistent defended on this PCZ 1 level. This means this level is really important for GBPUSD. We need to watch out again if it can. Market is overall bearish. GBPUSD is in bearish side. Analysis was generated from Harmonic Pattern Plus.

Good luck traders.

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

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EURUSD Market Outlook-5 March 2019

So far this week, it seems that bearish sentiment is beating bullish sentiment. In fact, EURUSD is leading the bearish sentiment. EURUSD is now approaching the critical demand zone after its notable drop with Bearish Gartley pattern. Analysis was generated from Harmonic Pattern Plus and Mean Reversion Supply Demand.

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

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GBPUSD Market Outlook- 5 March 2019

Market is rather mixed today. Bullish sentiment is slightly stronger than bearish sentiment for GBPUSD. In our last post, we have drawn some important support and resistance for GBPUSD. With the help of superimposed patterns, GBPUSD made some bullish move, nearly 35 pips. In fact, it was quite move. Biggest attention in market is on the commodity pairs in fact. Analysis was generated from Equilibrium Fractal Wave Analytics. 

https://algotrading-investment.com/portfolio-item/equilibrium-fractal-wave-analytics/

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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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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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