We want to do things differently, by developing what we feel is the best forex indicator around in its class. A huge amount of time and effort has gone into developing our currency trading software, resulting in what we present before you. This is due to the combination of a number of classic trend exhaustion patterns, in addition to our own proprietary methods. Our stringent algorithm means we've sacrificed the number of alerts, for the sake of accuracy. Consequently, you won't be inundated with lots of false signals every day. Our algorithm means that it will only provide an alert until all the strict conditions are met, thereby giving an average of one signal a week (on the M1 timeframe). Essentially, we seek to jump upon this saying with high precision, for 28 forex pairs. Namely the EURUSD, USDCHF, GBPUSD, USDJPY, EURJPY, EURAUD, CADJPY, NZDUSD, AUDNZD, AUDJPY, NZDJPY, GBPJPY, USDCAD, AUDUSD, EURGBP, EURCHF, GBPCHF, GBPAUD, EURCAD, CHFJPY, AUDCAD, EURNZD, NZDCHF, NZDCAD, AUDCHF, GBPCAD, CADCHF, GBPNZD, for the M1 timeframe.
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Isn't it annoying to have to attach an indicator to every single chart in order to receive the alerts? Well, that's not a problem with ours. The new "Global Alerts" function allows you to receive EVERY alert by just attaching the indicator to ANY chart! Bottom line, there's no need to have 28 or more charts open to receive alerts - 1 chart will provide you with every alert. As you can imagine, things can get rather complicated. With most other systems, often a lot of discretion is involved, whatever type of trading you're involved in, e.g. short term scalping or day trading, or longer term swing trading and position trading. However, we keep things as simple as possible. The truth is, many of these have time tested concepts, hence it would be a folly to totally ignore them. A lot of traders had expressed in earlier versions that they really wanted an integrated auto alert feature, whereby you are instantly alerted when a signal has been generated (e.g. if you're away from your MT4 platform / computer). Well, this has now been implemented into our currency trading tool.
So, you can be alerted via two ways: firstly via email, and secondly via "push notifications", which basically means if you have a smartphone such as an iPhone or an Android, you will be informed of any trades, virtually immediately. No longer do you have to sit and stare at charts all day. One major point needs to be addressed - the issue of repainting, since this can really cause problems for traders if indeed there is repainting. Hence, let us be absolutely clear, the buy and sell arrows produced do not repaint, whatsoever. In addition, the signals do not lag - they appear at the close of the candle / opening of new candle. Some others softwares will actually display arrows 20 or 30 bars after the signal was meant to be entered, which defeats the purpose of trading that currency pair for which it was given. You can be assured that ours has none of these problems or issues.
The next 1/2 year Forecast Dates are available for purchase. Subscribers receive 6 months forecast no matter when they sign up. For the SP500, cycle-wise November 4th was the Primary cycle trough. 1 which puts us entering the 15th week of a nominal 18 week cycle. Nov. 4th was the 40 week cycle trough as well. The 1st Half 2017 Forecast dates, given to subscribers, are estimated from Astrological events only. As time unfolds we have the benefit of market cycles and possibly additional Astrological events. Nevertheless the original dates have fared very well. See the blog post of December 11, 2016, showing the original forecast dates for the SP500. These are the original 6 month dates with no adjustments for the last 3, 6 month periods. It should be noted Primary cycles (18 weeks) most often start with a nominal 6 week sub-cycle. The 2nd most common start is a 1/2 Primary or 9 week sub-cycles. This blog post will be shorter than usual as the dates mentioned last week still apply.
We are about to enter a stressful period of time, possibly the most stressful of the year. We have arrived. This includes 2 Eclipses (the first on February 10th), a Lunar next week then a Solar eclipse later in the month. Both aspect Mars. This period also includes Pluto sesquisquare the North Node, Mars squaring Pluto, Mars conjunct Uranus, Mars opposition Jupiter. Sun conjunct Neptune, Jupiter opposition Uranus and the Venus retrograde. There is more coming but this weekly blog takes us up to March 4th, the Venus retrograde date. There is much more to come over the next 2 months. The exact dates of key transits are further down. Mars is very active and in it's ruler-ship, Aries, so we may see more aggressive and violent events. This could potentially cause significant problems in the stock market and other areas of life (i.e. earthquakes, violent weather, conflict) in the late February / early March time frame . The eclipses look difficult, Lowest Brokerage Charges India but especially the Solar eclipse in August. Subscribers will have the dates and further information on these events. Keep watching. Mid to late February looks rough but March and the first half of April look worse. Looking to the next Presidential election, 2020 Jupiter and Saturn will be conjunct near the cusp of Aquarius an Air sign. More on this and the Mutation conjunction in an ensuing subscribers report. 3 weeks. As we get closer I will use the upcoming Astros and market cycles to try and get a more exact reading on when the Primary cycle trough will occur. Early April is another possibility. I mention this again as early March is looking more and more like a low and we are getting close to a change in trend which would be down.
Currency Trading For Dummies
Forex is the largest currency market by value and trading more then 3 Trillion Dollar daily. It is huge and always good to know some basic about it before getting down on the floor, to do some currency trading. This is the most basic and must be understood at all times for all Forex Trader. A pip is the smallest measurement of change between 2 currency pair. This is either express in 2 decimal place or 4 decimal place. Some broker quoted 3 or 5 decimal places and these are call fractions of pips or pipettes. This is the next important portion whereas in stock and shares, company are studied and research. For Forex, it is the currency or the country that it is dependent on. For USD is United State Dollar and EUR is Europe Euro and JPY is Japan Yen and the list goes on.. As the currency is buy and sell with currency itself (unlike stock and share with lot number), therefore the currency are traded in pairs instead.
This is most important and few trader tends to concentrate on. Margin is required at all times when you open or hold a trade. This is the capital that is used to hold your trades plus the trading profit (loss) and your floating account balance. This is different from leverage and always remembers to have at least 200% margin or more base on your trading maximum drawdown and total no. of trades open. With widespread of internet online trading and many Forex Broker coming up in the market, many will provide free trading account or free demo account before you sign up for a live trading account. Take this chance to trade and perfect your trading strategy. It is free to sign up and install the trading platform software. There are lots of tutorial and guides for you to trade. This make learning stress free as you are using paper money to trade live prices.
Next important thing you need to know is the Forex broker that you are opening your trading account (Demo or Real account). The ease of funding your money into your trading account are equally important to the available options for withdrawn of money from your trading account. This can be easily check by running a Google search on the company and reading up on forum for scam and dishonest trading report. Knowing how to look at charts is the basic of every trading in Forex. By observing charts at different time segment (1 minute, 5 minute, 15 minute, 1 hour, 4 hour and 1 day) you can know the trend, support and resistance of the currency. In some cases, you can predict the trend for the next few days and successfully determine the profit and stop loss according to resistance and support level. This is the only trading strategy that works for all traders. In currency, the only way to make money is buy low sell high or sell high buy low. Author's Bio: I support green products and actively involved in recycling movement. Currently am blogging, affiliate marketing, selling holiday gifts online and trading Forex to earn extra income to support family on top of having a full-time job. Please Register or Login to post new comment. GigaFx Review - The Legit Platform For Online Trading? How to make Forex Trading Easier? If life is running you, if you see glimpses of living a life of something more than you need to read this..
We did not get the expected volatility last week but Mars is still quite active this coming week so we could see the expected volatility then. The Uranus / Pluto waxing square continues to tighten and is exact on Dec 15th. This is the 6th exact square in the current series of 7 exact squares. Look for continued unrest in many countries, people vs their leaders and the Russia vs the Western World (Russia vs the U.S.) confrontation. Using Astrology and market cycles we continually look for dates that will start changes in trend. We are expecting a change in trend for the broad market indices at two specific dates over the next couple of weeks. In addition note the Sun waxing square to Jupiter on Nov 13th on the following chart and notes below. I'm looking for a change in trend in many markets this coming week. We could get a high in this time frame and then down.
What Is Forex Currency Trading
Another option is a high closer to Dec 15th when the Uranus / Pluto waxing square is exact. I'm short the SP500 from last week, but not aggressively so. 3 td's (trading days). They are still in orb. Precious metals may have just put in a Primary cycle bottom and Crude is due to bottom in the next few weeks if it hasn't already done so. The problem with Oct 15th being a nominal 18 week low is the cycle was only 10 weeks long, weel out of the range for valid cycles. Also the previous cycle was a very extended 27 weeks making this somewhat useless to use as a trading tool. It could be argued the short 10 week cycle makes up for the previous, extended cycle of 27 weeks. We note both on the following daily chart of the SP500. It can also be argued market cycles are off due to the constant manipulation.
Possible, but we have no control over this situation. History does tell us, if the markets are being manipulated there will be a day of reckoning. If so it won't be pretty. Last week we did not get the expected volatility. 1 week either side. This weeks subscriber letter includes charts of many of the world's markets specifically showing some US indices at all time highs. The rest of the world does not look so good. Historically we are entering the strong period of the year for the markets. We also have the reaction to the mid-term elections in the US. It was pointed out to me this is typically very positive when there is a democratic president. This is based on averages but we should be aware of market tendencies to move in one direction or the other. Nov 16 Neptune turns direct - confusion, change, illusion / delusion ( Neptune is in Pisces, the sign it rules and is stronger than usual. Venus enters Sagittarius - a mutable fire sign where change is expected. Although Ebola has disappeared from the news, we may be hearing more about Ebola over the next few weeks.
I can't find anything tying this signature to the USA. It's a world problem. Hitler's Germany controlled the news outlets as well. Enough said on that one? Maybe more should be said. Early in the New Year Pluto oppose the US Sun. Attitudes toward money, governance and financial institutions are coming to a head and the relationship is inevitably changing. As the Uranus / Pluto square will still be in orb this turns the opposition into a powerful T-square with Uranus as the apex planet. This could be a period of sudden change. Gold appears to have put in a trough on Nov 7th. This would put us in the 2nd week of it's Primary cycle 1 (nominal 18 week). It has been difficult forecasting many of the commodities due to possible deflationary forces, wild currency moves and market manipulation. Even if it is the 2nd week of a new Primary cycle, which is typically bullish, it could turn back down quickly.
The start of a new Primary cycle often has a pullback 2 to 4 weeks after the trough. For those that are not long this gives a second opportunity to get long. This is particularly useful when we have a pullback in the first 2-4 weeks and then you see a turn up. Watch the Fib retracement levels on the following daily chart for Gold. Be particularly careful trading Gold here as the central banks (Western World) do not want people putting their money in precious metals. China and Russia appear to be buying as much as they can. Subscribers got a more detailed review of the longer term Gold aspects detailing an 8.5 year, 4.25 year and 17 month cycles. The following weekly chart shows the heliocentric Venus (green) and Jupiter (blue) price lines. Both have acted as support/resistance for Gold in the past as seen on the following daily chart.
Watch for Gold to follow the Venus price line up and then cross above the Jupiter price line currently in the 1211 area. Nov 7th. Like Gold, Offers Silver appears to have bottomed and now turning up. Also like Gold watch for a pullback 2-4 weeks along that then turns up. The same comment on central banks applies to Silver as it does to Gold. The following chart shows the heliocentric Venus (green) and Jupiter(blue) price lines on a daily chart for Silver. The trend often changes when these two price lines cross. If this is a new Primary cycle I would expect Silver to rise and follow the Venus price line up. We are either in the 1st week of a new Primary 1 cycle or the 28th week of a very over extended market. The last cycle was left translated which is bearish. If this is a new cycle forming watch for it to be left translated as well.
Currency Trading Basics
There is a lot of deflationary pressure on many commodities, precious metals included. There are many reason, US and Saudi intentionally over producing to drive out high cost producers and hurt Russia, ISIS and Iran. This plan seems to be working but there are always unforeseen repercussions. Western governments collect a lot of tax revenue from the price at the pump. If it is down the government revenues are down. Crude may be reflecting the real world economy. When crude does turn up it will probably be to lower highs. This is also causing problems between mid-East governments. For crude I'm watching the 23.6% retracement level on the following daily chart. Crude seems to have entered a consolidation area. Perhaps this is the agreed price between the US and Saudi Arabia. I'm looking for a trigger for crude. Aspects to Jupiter or Neptune, the rulers of crude would be good candidates. Dec 9 Jupiter stationary retrograde. Somewhere between the Nov 17, Neptune direct and Dec 9th, Jupiter retrograde should see a reversal in crude or a change in one of the issues involving crude. The longer term cycles need a wider orb. This cycle could trough out from now to early November. It could also be this week. The following weekly chart shows the 38/39 month cycle in crude. There are sub-cycles. I'm looking at April 2015 for the next high. It will probably be a lower high. There is also an interesting 16 x 24 week cycle. When they both match (green line) the 16 week (red) and the 24 week (blue) both hit at the same time. This is very often a change in trend. NatGas, Coffee reserved for subscribers. 99.00 for a 6 month subscription, can you afford not to have it?
Thought you might enjoy this graphic I picked up from the web. Admittedly, it's a bit extreme, but it captures something we all see in the trading world: the allure of getting rich quick and the willingness of some to exploit that allure. Nowhere is that more prevalent than in the world of day trading. We know from research that persistent success at day trading does exist, and we also know that it is rare. In a sense, that should not surprise us: by definition, elite talent is rare. What makes trading difficult is that, in many fields, we can make a living from our work even if we are not operating at elite talent levels. To illustrate some of trading's challenges, I ran a few numbers using SPY as my proxy trading instrument. From 2012 to the present, SPY has gained a little over 60 points. About half of those points were gained during overnight hours; half during U.S.
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Topic title: MT4 Forex Indicator For Trend Reversals
Topic covered: forex broker rating, forex charts, forex in, forex trading info, technical analysis
