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Which leverage do you mostly use in Forex trading ?
Less than 50-1
 
 31%
50-1
 
 24%
100-1
 
 22%
200-1
 
 24%
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This thread was started in response to the Poll:

What is your Forex Leverage ?

 
evanpattern
https://www.gold-pattern.com/, Egypt
Posts: 0
yesterday
Apr 4, 2020 21:28

Summary of Rules and Guidelines for Corrective Waves
Zigzag
Rules
• A zigzag always subdivides into three waves.
• Wave A always subdivides into an impulse or leading diagonal.
• Wave C always subdivides into an impulse or diagonal.
• Wave B always subdivides into a zigzag, flat, triangle or combination thereof.
• Wave B never moves beyond the start of wave A.
Guidelines
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• Wave A almost always subdivides into an impulse.
• Wave C almost always subdivides into an impulse.
• Wave C is often about the same length as wave A.
• Wave C almost always ends beyond the end of wave A.
• Wave B typically retraces 38 to 79 percent of wave A.
• If wave B is a running triangle, it will typically retrace between 10 and 40 percent of wave A.
https://gold-pattern.com/en
• If wave B is a zigzag, it will typically retrace 50 to 79 percent of wave A.
• If wave B is a triangle, it will typically retrace 38 to 50 percent of wave A.
• A line connecting the ends of waves A and C is often parallel to a line connecting the end of wave B and the start of wave A. (Forecasting guideline: Wave C often ends upon reaching a line drawn from the end of wave A that is parallel to a line connecting the start of wave A and the end of wave B.)
Flat
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Rules
• A flat always subdivides into three waves.
• Wave A is never a triangle.
• Wave C is always an impulse or a diagonal.
• Wave B always retraces at least 90 percent of wave A.
Guidelines
• Wave B usually retraces between 100 and 138 percent of wave A.
• Wave C is usually between 100 and 165 percent as long as wave A.
• Wave C usually ends beyond the end of wave A.
Notes
• When wave B is more than 105 percent as long as wave A and wave C ends beyond the end of wave A, the entire formation is called an expanded flat.
• When wave B is more than 100 percent as long as wave A and wave C does not end beyond the end of wave A, the entire formation is called a running flat.
Contracting Triangle
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Rules
• A triangle always subdivides into five waves.
• At least four waves among waves A, B, C, D and E each subdivide into a zigzag or zigzag combination.
• Wave C never moves beyond the end of wave A, wave D never moves beyond the end of wave B, and wave E never moves beyond the end of wave C. The result is that going forward in time, a line connecting the ends of waves B and D converges with a line connecting the ends of waves A and C.
• A triangle never has more than one complex subwave, in which case it is always a zigzag combination or a triangle.
Guidelines
• Usually, wave C subdivides into a zigzag combination that is longer lasting and contains deeper percentage retracements than each of the other subwaves.
• Sometimes, wave D subdivides into a zigzag combination that is longer lasting and contains deeper percentage retracements than each of the other subwaves.
• Sometimes one of the waves, usually wave C, D or E, subdivides into a contracting or barrier triangle. Often the effect is as if the entire triangle consisted of nine zigzags.
• About 60 percent of the time, wave B does not end beyond the start of wave A. When it does, the triangle is called a running triangle.
Barrier Triangle
• gold signals

• A barrier triangle has the same characteristics as a contracting triangle except that waves B and D end at essentially the same level. We have yet to observe a 9-wave barrier triangle, implying that this form may not extend.
• When wave 5 follows a triangle, it is typically either a brief, rapid movement or an exceptionally long extension.
Expanding Triangle
gold signals

Rules
Most rules are the same as for contracting triangles, with these differences:
• Wave C, D and E each moves beyond the end of the preceding same-directional subwave. (The result is that going forward in time, a line connecting the ends of waves B and D diverges from a line connecting the ends of waves A and C.)
• Subwaves B, C and D each retrace at least 100 percent but no more than 150 percent of the preceding subwave.

• Most guidelines are the same, with these differences:
• Subwaves B, C and D usually retrace 105 to 125 percent of the preceding subwave.
• No subwave has yet been observed to subdivide into a triangle.
Combinations
gold signals

Rules
• Combinations comprise two (or three) corrective patterns separated by one (or two) corrective pattern(s) in the opposite direction, labeled X. (The first corrective pattern is labeled W, the second Y, and the third, if there is one, Z.)
• A zigzag combination comprises two or three zigzags (in which case it is called a double or triple zigzag).
• A "double three" flat combination comprises (in order) a zigzag and a flat, a flat and a zigzag, a flat and a flat, a zigzag and a triangle or a flat and a triangle.
• A rare "triple three" flat combination comprises three flats.
• Double and triple zigzags take the place of zigzags, and double and triple threes take the place of flats and triangles.
• An expanding triangle has yet to be observed as a component of a combination.
Guidelines
gold signals

• When a zigzag or flat appears too small to be the entire wave with respect to the preceding wave (or, if it is to be wave 4, the preceding wave 2), a combination is likely.
https://www.gold-pattern.com/

Summary of Rules and Guidelines for Corrective Waves
Zigzag

evanpattern
https://www.gold-pattern.com/, Egypt
Posts: 0
9 days ago
Mar 28, 2020 0:05
Summary of Rules and Guidelines for impulse Waves

From a theoretical standpoint, we must be careful not to confuse Elliott waves with their measures, which are as a thermometer is to heat. A thermometer is not designed to gauge rapid short-term fluctuations in air temperature and neither is an index of 30 stocks constructed so as to be able to record every short-term fluctuation in social mood. While we fully believe that the listed rules govern Elliott waves as a collective mental phenomenon, recordings of actions that Elliott waves induce — such as buying and selling certain lists of stocks — may not perfectly reflect those waves. Therefore recordings of such actions could deviate from a perfect expression of the rules simply because of the imperfection of the chosen gauge. That being said, we have found that the Dow Jones Industrial Average has followed Elliott’s rules impeccably at Minor degree and above and almost always at lesser degrees as well. Below is a summary of the rules and known guidelines (excepting Fibonacci relationships) for the five main wave patterns, variations and combinations.
gold signals
Motive Waves
Impulse
Rules
• An impulse always subdivides into five waves
• Wave 1 always subdivides into an impulse or (rarely) a diagonal.
• Wave 3 always subdivides into an impulse
• Wave 5 always subdivides into an impulse or a diagonal.
• Wave 2 always subdivides into a zigzag, flat or combination.
• Wave 4 always subdivides into a zigzag, flat, triangle or combination.
• Wave 2 never moves beyond the start of wave 1.
• Wave 3 always moves beyond the end of wave 1.
• Wave 3 is never the shortest wave.
• Wave 4 never moves beyond the end of wave 1.
• Never are waves 1, 3 and 5 all extended.
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Guidelines
gold signals
• Wave 4 will almost always be a different corrective pattern than wave 2.
• Wave 2 is usually a zigzag or zigzag combination.
• Wave 4 is usually a flat, triangle or flat combination.
• Sometimes wave 5 does not move beyond the end of wave 3 (in which case it is called a truncation).
• Wave 5 often ends when meeting or slightly exceeding a line drawn from the end of wave 3 that is parallel to the line connecting the ends of waves 2 and 4, on either arithmetic or semilog scale.
• The center of wave 3 almost always has the steepest slope of any equal period within the parent impulse except that sometimes an early portion of wave 1 (the "kickoff") will be steeper.
• Wave 1, 3 or 5 is usually extended. (An extension appears "stretched" because its corrective waves are small compared to its impulse waves. It is substantially longer, and contains larger subdivisions, than the non-extended waves).
• Often, the extended subwave is the same number (1, 3 or 5) as the parent wave.
• Rarely do two subwaves extend, although it is typical for waves 3 and 5 both to extend when they are of Cycle or Supercycle degree and within a fifth wave of one degree higher.
• Wave 1 is the least commonly extended wave.
• When wave 3 is extended, waves 1 and 5 tend to have gains related by equality or the Fibonacci ratio.
• When wave 5 is extended, it is often in Fibonacci proportion to the net travel of waves 1 through 3.
• When wave 5 is extended, it is often in Fibonacci proportion to the net travel of waves 1 through 3.
• Wave 4 typically ends when it is within the price range of subwave four of 3.
• Wave 4 often subdivides the entire impulse into Fibonacci proportion in time and/or price.
Diagonal
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Rules
• A diagonal always subdivides into five waves.
• An ending diagonal always appears as wave 5 of an impulse or wave C of a zigzag or flat.
• A leading diagonal always appears as wave 1 of an impulse or wave A of a zigzag.
• Waves 1, 2, 3, 4 and 5 of an ending diagonal, and waves 2 and 4 of a leading diagonal, always subdivide into zigzags.
• Wave 2 never goes beyond the start of wave 1.
• Wave 3 always goes beyond the end of wave 1.
• Wave 4 never moves beyond the end of wave 2.
• Wave 4 always ends within the price territory of wave 1.*
• Going forward in time, a line connecting the ends of waves 2 and 4 converges towards (in the contracting variety) or diverges from (in the expanding variety) a line connecting the ends of waves 1 and 3.
• In a leading diagonal, wave 5 always ends beyond the end of wave 3.
• In the contracting variety, wave 3 is always shorter than wave 1, wave 4 is always shorter than wave 2, and wave 5 is always shorter than wave 3.
• In the expanding variety, wave 3 is always longer than wave 1, wave 4 is always longer than wave 2, and wave 5 is always longer than wave 3.
• In the expanding variety, wave 5 always ends beyond the end of wave 3.
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Guidelines
• Waves 2 and 4 each usually retrace .66 to .81 of the preceding wave.
• Waves 1, 3 and 5 of a leading diagonal usually subdivide into zigzags but sometimes appear to be impulses.
• Within an impulse, if wave 1 is a diagonal, wave 3 is likely to be extended.
• Within an impulse, wave 5 is unlikely to be a diagonal if wave 3 is not extended.
• In the contracting variety, wave 5 usually ends beyond the end of wave 3. (Failure to do so is called a truncation.)
• In the contracting variety, wave 5 usually ends at or slightly beyond a line that connects the ends of waves 1 and 3. (Ending beyond that line is called a throw-over.)

• ?????? ???????
• In the expanding variety, wave 5 usually ends slightly before reaching a line that connects the ends of waves 1 and 3.
https://www.gold-pattern.com/




evanpattern
https://www.gold-pattern.com/, Egypt
Posts: 0
27 days ago
Mar 9, 2020 20:14
Elliott Wave Principle and Volume

Elliott used volume as a tool for verifying wave counts and in projecting extensions. He recognized that in a bull market, volume has a natural tendency to expand and contract with the speed of price change. Late in a corrective phase, a decline in volume often indicates a decline in selling pressure. A low point in volume often coincides with a turning point in the market. In a normal fifth wave below Primary degree, volume tends to be less than in the third wave. If volume in an advancing fifth wave of less than Primary degree is equal to or greater than that in the third wave, an extension of the fifth is in force. While this outcome is often to be expected anyway if the first and third waves are about equal in length, it is an excellent warning of those rare times when both a third and a fifth wave are extended
gold signals
At Primary degree and greater, volume tends to be higher in an advancing fifth wave merely because of the natural long term growth in the number of participants in bull markets. Elliott noted, in fact, that volume at the terminal point of a bull market above Primary degree tends to run at an all-time high. Finally, as discussed earlier, volume often spikes briefly at the throw-over point of a parallel trend channel line or the resistance line of a diagonal. (Upon occasion, such a point can occur simultaneously, as when a diagonal fifth wave terminates right at the upper parallel of the channel containing the price action of one larger degree.)

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In addition to these few valuable observations, we have expanded upon the importance of volume in various sections of this book. To the extent that volume guides wave counting or expectations, it is most significant. Elliott once said that volume independently follows the patterns of the Wave Principle, a claim for which the authors find no convincing evidence.

Figure 2-13
The "Right Look"
gold signals
The overall appearance of a wave must conform to the appropriate illustration. Although any five-wave sequence can be forced into a three-wave count by labeling the first three subdivisions as a single wave A, as shown in Figure 2-13, it is incorrect to do so. Elliott analysis would lose its anchor if such contortions were allowed. If wave four terminates well above the top of wave one, a five-wave sequence must be classified as an impulse. Since wave A in this hypothetical case is composed of three waves, wave B would be expected to drop to about the start of wave A, as in a flat correction, which it clearly does not. While the internal count of a wave is a guide to its classification, the right overall shape is, in turn, often a guide to its correct internal count.
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The "right look" of a wave is dictated by all the considerations we have outlined so far in the first two chapters. In our experience, we have found it extremely dangerous to allow our emotional involvement with the market to let us accept a wave count that reflects disproportionate wave relationships or a misshapen pattern merely on the basis that the Wave Principle’s patterns are somewhat elastic.
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Elliott cautioned that "the right look" may not be evident at all degrees of trend simultaneously. The solution is to focus on the degrees that are clearest. If the hourly chart is confusing, step back and look at the daily or weekly chart. Conversely, if 77 the weekly chart offers too many possibilities, concentrate on the shorter term movements until the bigger picture clarifies. Generally speaking, you need short term charts to analyze subdivisions in fast moving markets and long term charts for slowly moving markets.
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https://www.gold-pattern.com/

Elliott Wave Principle and Volume
freeforex
Central, Egypt
Posts: 0
5 months ago
Oct 13, 2019 17:46
Common trading mistakes: part two

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Overreliance on software
Most people use some form of technology to assist their trading.

For example, you might study chart patterns or use automated alerts and algorithms as prompts to trade.

But, as useful as all of these tools are, it is important to remember that they are only tools, and must be employed wisely.

Just as your satnav can occasionally direct you to drive into a deep torrent of water because it doesn't know the river has flooded, trading technology isn't something to follow blindly. You still need to keep your eyes open and react intelligently to the signs you see.

Car
So when using technology, such as charting software or other analysis tools, it's important that you understand the underlying concepts and the reasons behind what the charts are telling you. This will allow you to see the bigger picture and avoid unnecessary mistakes.

Lack of record keeping
Do you remember your first trade? What about the third, or the fifth?

If you're new to trading, the details may still be clear in your memory. But in a few months' time will you still be able to describe each step and decision in detail?

Unless you keep a trading log or diary, the chances are that this information will be lost. And if you can't remember what you did right, how can you replicate it? Similarly, if you don't know where you went wrong you could easily make the same mistakes again.

Your trading diary will let you look back at your experiences with the value of hindsight and learn from them. So what should you record in it?

Question
Which of the following is NOT worth putting in your trading diary?
A
Why you decided to trade
B
What you were wearing at the time
C
Where you placed your stops or limits
D
How you felt at the time you opened and closed the trade

Reveal answer
Bad timing
Timing is not only the art of good comedy - it's also central to good trading.

In the same way that a stand-up artist needs to deliver the punchline at exactly the right moment, you need to time your entry and exit from a market perfectly to maximise any profit or minimise any loss.

Timing mistakes are common among new traders. So how can you avoid them? Although getting your timing right isn't an exact science, there are a few tools that will help you to act at the right moment:

Chart analysis will help you forecast potential scenarios by revealing market patterns
A trading plan will help you to define your strategy, meaning you're more likely to avoid impulsive actions
Stops and limits will allow you to go about your business without having to monitor the markets constantly
summary
Remember the limitations of software and use it intelligently
Keep a trading diary and reflect on the strategies that have worked well (or not so well)
Use tools such as charts, stops and limits to help you get your timing right when opening and closing positions
evapattern
gold trading signals daily and gold technical analysis and trading wave on www.gold-pattern.com/en, Egypt
Posts: 0
7 months ago
Sep 3, 2019 13:22
What are stock indices?
You may have already heard of stock indices such as the FTSE 100, the Dow Jones or the Nikkei 225. Numbers often quoted on the news, or in the business section of the newspaper, usually alongside a value saying how much they've moved up or down.

But what are they? And what do they represent?

A stock index is a measurement of value of a certain section of the stock market.

This 'certain section of the stock market' can be:

one
An exchange (like the Tokyo Stock Exchange or NASDAQ)
two
A region (such as Europe or Asia)
three
Or a sector (energy, electronics, property, etc)
The FTSE 100 for example, is a number representing the largest 100 companies traded on the London Stock Exchange.

FTSE 100
If, on average, the share price of these companies goes up, then the FTSE 100 will rise with them. And if the share prices fall, it will drop.

Why are they important?
Stock indices give traders and investors an indication of how an exchange, region or sector is performing.

The ASX 200 for example, tracks the performance of 200 of the largest companies in Australia. If the ASX 200 starts to rise, then on average these companies are performing well. A rising ASX 200 tells investors that, generally, the state of the Australian stock market is improving.

ASX 200
And if the Australian stock market is on the up, then more often than not, the entire Aussie economy tends to be doing well. So, movements in the price of major stock indices can often give traders an indication as to the health of an entire country.

That's important information when planning your next trade.

What are the major stock indices?
Most nations have one major stock index that represents the largest companies in that country. For example:

FTSE 100 UK
DAX Germany
CAC 40 France
IBEX 35 Spain
FTSE MIB Italy
Nikkei 225 Japan
Hang Seng Hong Kong
ASX 200 Australia
TSX 60 Canada


However, in the US there are several major indices, all based on slightly different sections of the market. The three main US indices are:

Dow Jones Industrial Average (DJIA)
DJIA
One of the oldest and most quoted indices, the Dow Jones Industrial Average represents 30 of the most influential companies in the US. It was first calculated in 1896 and historically was made up of firms involved in heavy industry. Nowadays this association has been all but lost.

S&P 500
SP 500
More diverse than DJIA, the S&P 500 is based on the value of 500 of the largest US shares listed on either the New York Stock Exchange (NYSE) or NASDAQ. It was first used in its current form in the 1950s and today represents around 70% of the total value the US stock market.

NASDAQ-100
Nasdaq
Established in 1985, the NASDAQ 100 is based on 100 of the largest non-financial companies listed on the NASDAQ exchange in New York City. It represents firms across a number of sectors, but in particular computing, telecommunications and biotechnology.

Lesson summary
A stock index is a measurement of value of a certain section of the stock market
Major stock indices can give an indication as to the health of the equity market (and sometimes the economy) of a particular country or region
Most nations have one major index. The US has three: the Dow Jones Industrial Average, S&P 500 and NASDAQ-100
gold trading signals contain on entry point, take profit level and stop loss . Past gold signals performance is not an indicator of future gold trading signals results.https://www.gold-pattern.com/en


What are stock indices?
freeforex
Central, Egypt
Posts: 0
1 year ago
Mar 18, 2019 19:25
Chaikin Money Flow

Developed by Marc Chaikin, Chaikin Money Flow measures the amount of Money Flow Volume over a specific period. Money Flow Volume forms the basis for the Accumulation Distribution Line. Instead of a cumulative total of Money Flow Volume, Chaikin Money Flow simply sums Money Flow Volume for a specific look-back period, typically 20 or 21 days. The resulting indicator fluctuates above/below the zero line just like an oscillator. Chartists weigh the balance of buying or selling pressure with the absolute level of Chaikin Money Flow. Chartists can also look for crosses above or below the zero line to identify changes on money flow.
Chaikin Money Flow Interpretation and forex signals
Chaikin Money Flow (CMF) is an oscillator that fluctuates between -1 and +1. Rarely, if ever, will the indicator reach these extremes. It would take 20 consecutive closes on the high (low) for 20-day Chaikin Money Flow to reach +1 (-1). Typically, this oscillator fluctuates between -0.50 and +0.50 with zero as the centerline.
Chaikin Money Flow measures buying and selling pressure for a given period of time. A move into positive territory indicates buying pressure, while a move into negative territory indicates selling pressure. Chartists can use the absolute value of Chaikin Money Flow to confirm or question the price action of the underlying. Positive CMF would confirm an uptrend, but negative CMF would call into question the strength behind an uptrend. The reverse holds true for downtrends.

Buying/Selling forex signals
Chaikin Money Flow can be used to define a general buying or selling bias simply with positive or negative values. The indicator oscillates above/below the zero line. Generally, buying pressure is stronger when the indicator is positive and selling pressure is stronger when the indicator is negative.
While this zero line cross seems simple enough, the reality is much choppier. Chaikin Money Flow sometimes only briefly crosses the zero line with a move that turns the indicator barely positive or negative. There is no follow through and this zero line cross ends up becoming a whipsaw (bad signal). Chartists can filter these signals with buffers by setting the bullish threshold a little above zero (+0.05) and the bearish threshold a little below zero (-0.05). These thresholds will not entirely eliminate bad signals, but can help reduce whipsaws and filter out forex signals .
The chart above shows Freeport McMoran (FCX) with 20-day Chaikin Money Flow in the indicator window. There were at least 10 crosses of the zero line between February and December 2010. Adding a small buffer greatly reduced the number of bullish and bearish signals. A move above +0.05 was considered bullish, while a move below -0.05 was considered bearish. There were only three signals. While these signals will come a little later, it may be worth it to reduce whipsaw.
The chart for Harley Davidson (HOG) shows a few good signals and a whipsaw with the May bounce. CMF moved above +0.05 for a few days, but this move failed to hold and the indicator broke back below -0.05 in early June. Whipsaws are going to happen, especially during volatile periods or when the trend flattens. CMF turned bullish in July and stayed bullish the rest of the year. Notice that HOG formed a falling wedge that retraced just over 62% in August, when CMF was still in bull mode. This pullback offered a second chance to partake in the CMF forex signals .
Chaikin Money Flow is not suited for all securities. The chart above shows P.F. Chang (PFCB) with some 18 crosses above +0.05 or below -0.05. Basing CMF signals on these crosses resulted in one whipsaw after another. It is important to analyze the basic price trend and the characteristics of an indicator with a particular security. PFCB exhibits some trend, but price action within this trend is choppy and money flow cannot maintain a positive or negative bias. It would be better to find a different indicator for this stocks.
forex signals Conclusions
Chaikin Money Flow is an oscillator that measures buying and selling forex signals over a set period of time. At its most basic, money flow favors the bulls when CMF is positive and the bears when negative. Chartists looking for quicker money flow shifts can look for bullish and bearish divergences. Be careful though. Selling pressure still has the edge in negative territory, even when there is a bullish divergence. This bullish divergence simply shows less selling pressure. It takes a move into positive territory to indicate actual buying pressure. As a money flow oscillator, CMF can be used in conjunction with pure price oscillators, such as MACD or RSI. As with all indicators, Chaikin Money Flow should not be used as a stand-alone indicator. Marc Chaikin also developed the Accumulation Distribution Line and the Chaikin Oscillator.
freeforex
Central, Egypt
Posts: 0
1 year ago
Mar 13, 2019 19:33

Bollinger BandWidth
Bollinger BandWidth is an indicator derived from Bollinger Bands. In his book, Bollinger on Bollinger Bands, John Bollinger refers to Bollinger BandWidth as one of two indicators that can be derived from Bollinger Bands. The other indicator is %B.
BandWidth measures the percentage difference between the upper band and the lower band. BandWidth decreases as Bollinger Bands narrow and increases as Bollinger Bands widen. Because Bollinger Bands are based on the standard deviation, falling BandWidth reflects decreasing volatility and rising BandWidth reflects increasing volatility
Defining Narrowness and free forex signals
Narrow BandWidth is relative. BandWidth values should be gauged relative to prior BandWidth values over a period of time. It is important to get a good look-back period to define BandWidth range for a particular ETF, index or stock.
free forex signals : The Squeeze
Bollinger BandWidth is best known for identifying The Squeeze. This occurs when volatility falls to a very low level, as evidenced by the narrowing bands. The upper and lower bands are based on the standard deviation, which is a measure of volatility. The bands narrow as price flattens or moves within a relatively narrow range. The theory is that periods of low volatility are followed by periods of high volatility. Relatively narrow BandWidth (a.k.a. the Squeeze) can foreshadow a significant advance or decline. After a Squeeze, a price surge and subsequent band break signal the start of a new move. A new advance starts with a Squeeze and subsequent break above the upper band. A new decline starts with a Squeeze and subsequent break below the lower band.
The BandWidth indicator can be used to identify the Bollinger Band Squeeze. This free forex signals chartists to prepare for a move, but direction depends on the subsequent band break. A squeeze followed by a break above the upper band is bullish forex signals , while a squeeze followed by a break below the lower band is bearish. Be careful of head-fakes however. Sometimes the first break fails to hold as prices reverse the other way. Strong breaks hold and seldom look back. An upside breakout followed by an immediate pullback should serve as a warning.

freeforex
Central, Egypt
Posts: 0
1 year ago
Mar 9, 2019 16:12

Price Channels Conclusions

Price Channels and forex trading signals tells us when a security reaches an any -period high or an xx-period low. 20-day Price Channels mark the 20-day high-low range, 10-week Price Channels mark the 10-week high-low range. The centerline marks the midpoint. Securities that continuously exceed the upper channel line show strength. After all, it takes strong buying pressure to forge higher highs. And give buy forex trading signals Conversely, securities that continuously break the lower channel line show weakness. Strong selling pressure is evident with lower lows and sell forex trading signals . Using Price Channels, chartists can determine the dominant force, buying pressure or selling pressure. As with all indicators, it is important to use other analysis techniques to confirm or refute the Price Channels. Chartists can use chart patterns, indicators or basic chart analysis to complement Price Channels.

Measuring overbought and oversold conditions can be tricky with Price Channels. Securities can become overbought and remain overbought in a strong uptrend forex trading signals. Similarly, securities can become oversold and remain oversold in a strong downtrend. In a strong uptrend, prices can move above the upper channel line and continue above the upper channel line. In fact, the upper channel trend line will rise as price continues above the upper channel. This may seem technically overbought, but it is a sign of buy forex trading signals to remain overbought. Similarly, the Stochastic Oscillator can move above 80, which is technically overbought, and remain overbought for an extended period.
freeforex
Central, Egypt
Posts: 0
1 year ago
Mar 4, 2019 10:15
The Average True Range (ATR)
Developed by J. Welles Wilder, the Average True Range (ATR) is an indicator that measures volatility. As with most of his indicators, Wilder designed ATR with commodities and daily prices in mind. Commodities are frequently more volatile than stocks. They were are often subject to gaps and limit moves, which occur when a commodity opens up or down its maximum allowed move for the session. A volatility formula based only on the high-low range would fail to capture volatility from gap or limit moves. Wilder created Average True Range to capture this “missing” volatility. It is important to remember that ATR does not provide an indication of price direction, just volatility.
Wilder features ATR in his 1978 book, New Concepts in Technical Trading Systems. This book also includes the Parabolic SAR, RSI and the Directional Movement Concept (ADX). Despite being developed before the computer age, Wilder's indicators have stood the test of time and remain extremely popular.
True Range and forex signals
Wilder started with a concept called True Range (TR), which is defined as the greatest of the following:
Method 1: Current High less the current Low
Method 2: Current High less the previous Close (absolute value)
Method 3: Current Low less the previous Close (absolute value)
Absolute values are used to ensure positive numbers. After all, Wilder was interested in measuring the distance between two points, not the direction. If the current period's high is above the prior period's high and the low is below the prior period's low, then the current period's high-low range will be used as the True Range. This is an outside day that would use Method 1 to calculate the TR. This is pretty straightforward. Methods 2 and 3 are used when there is a gap or an inside day. A gap occurs when the previous close is greater than the current high (signaling a potential gap down or limit move) or the previous close is lower than the current low (forex signals a potential gap up or limit move).

Average True Range (ATR) Conclusions and free forex signals
ATR is not a directional indicator, such as MACD or RSI. Instead, ATR is a unique volatility indicator that reflects the degree of interest or disinterest in a move. Strong moves, in either direction, are often accompanied by large ranges, or large True Ranges. This is especially true at the beginning of a move. Uninspiring moves can be accompanied by relatively narrow ranges. As such, ATR can be used to validate the enthusiasm behind a move or breakout. A bullish free forex signals reversal with an increase in ATR would show strong buying pressure and reinforce the forex signals reversal. A bearish support break with an increase in ATR would show strong selling pressure and reinforce the support break.
evapattern
gold trading signals daily and gold technical analysis and trading wave on www.gold-pattern.com/en, Egypt
Posts: 0
1 year ago
Mar 1, 2019 15:39
free gold trading signals and sell from 1328

Gold is expected to fall from the 1328 level after gold stopped this week to pick up a breath

The price of gold fell rapidly and sharply during last week's trading from 1346 to 1321
Gold then stopped falling and started forming a retracement move that is expected to end with the price of gold falling
For this we offer a free gold trading signals to sell gold free
GOLD
SELL @ 1328
TP @ 1318
SL @ 1333
free gold trading signals explain
It is preferable to sell gold from the level of 1328 targeting the level of 1318 for profit taking with stop loss at 1333
Gold Technical Analysis and free gold trading signals
During the decline of gold from the level of 1346 formed the first wave of the bearish measured move pattern of the bear and during the circulation of gold cross-shaped wave form of the form
And it is expected that gold will resume its decline and form the last bearish wave of the bearish measured move pattern
The price of gold formed a set of bearish candlesticks on the hourly chart, known as the Bearish engulfing Candle
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