Weekly Video Analysis UsdJpy AudJpy GbpJpy CadChf EurGbp - forex trading signals indicators

Weekly Video Analysis UsdJpy AudJpy GbpJpy CadChf EurGbp ~ forex trading signals indicators

Yen may continue its weakness against major currencies especially the dollar. Currency pairs like Audjpy and Gbpjpy are also set for a long term further bearish move.
The technical chart of Eurgbp shows how Elliott wave theory can consolidate the formation of chart patterns.
The technical chart of Cadchf also indicates how Elliott wave can confirm harmonic patterns.
 When all these technical tools are combined, there is more clarity of what the market could do.

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Usdcad in a Complex correction - forex grid trading ea review

Usdcad in a Complex correction ~ forex grid trading ea review

On tuesday, 11th November, I posted an analysis of this pair and I stated the reason why price is on a bearish correction.

The move form 26th July has successfully completed a 3-wave or 5-wave impulsive move, and we are expecting and end of wave 5 or wave 4 correction. 

In either case, there is a correction and the market is expected to dip to the region of 1.1215 and 1.1140 ( 38.2 and 50 % retracement of wave 3 respectively)

Before the close of yesterday, we saw wave 4 forming a complex correction ( double zig zag) breaking 1.1370 intra day resistance ( check the intraday chart below ) , and immediately pull back to expectedly continue the dip. 

Price has previously moved down in my favour to take 90pips but no profit was taken as price hasnt dipped to any of my targets yet.

I still hold my sell with stop loss reduced from 95 pips to 40 pips. we should see more action next week. Its time to enjoy the weekend 

 I will update you as price advances. 

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Two Face of Usdcad - i forex trading reviews

Two Face of Usdcad ~ i forex trading reviews

Usdcad has proven to be a very predictable market in terms of technical analysis in the last few months. I have been able to gather close to 400 pips this month alone.

I predicted a bearish correction in my last post read the post here, with half of my trade closed at 100 pips ( risking 80 pips) and the other half to ride the trend with the stop loss adjusted to break even.

After days of waiting for the price to show where next its heading to, I had to come with a two-face plan...A bullish-bearish scenario.

This market is presently in two scenarios and i will take time to discuss the two

Starting with the bearish scenario . I see an end of wave 3 of an expected 5-wave bullish move which could take us to 1.2000 and beyond. I expect a further dip in price in a corrective mode ( which is what is happening presently) along the wave 4 channel to 1.1100 before the bull move will surface once more.

 I am presently in a bear trade as i stated above and I will remain there until the wave 4 channel is broken upside. 

I will watch closely and get the picture price is painting before any further actions. 

If price breakes the wave 4 channel in the picture above ( Ist scenario), I have a new wave count to analyse what price could be showing.

The recent bearish correction to end sub-wave 3 of wave 3 ( In green) started at the 161.8% extension of sub-wave 1 from sub-wave 2 ( in black) . 

Presently, with the current correction pattern, price could be said to be forming a zigzag at 38.2% retracement of sub-wave 3 ( in black). 

If price breaches the sub-wave 4 trenline up, this scenerio could be very valid as price will rally to the top of the wave 3 channel ( indicated by the broken lines channel) at 1.140 and 1.1550 ( 200% ext. of sub-wave 1 from sub-wave 2). 

At this level wave 5 should be formed and market will be preparing for a major correction southward.

These are two very possible moves price can make in the nearest future.
Our responsibility is to wait till the market connect to us.
I will post an update here.

You can send your e-mail address to forexmaster05@yahoo.com to add you to my mailing list

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Cadchf Escape Route - gft forex trading reviews

Cadchf Escape Route ~ gft forex trading reviews

Trade management is one of the essentials of profitable trading. This is an art that has been mastered by the masters in the business of speculation, trading and forecasting of financial instrument. 

A profitable traders gets along with the trade and take quality unbiased and unemotional decisions along the way.

I posted an analysis of cadchf yesterday, 28th October, when I forecast the long term and short term of this currency pair. You can read the analysis again.

I opted for a short position and presently price has consolidated upward since then. Well I have my trade management in place. I deem it fit to post here because someone could have taken the same decision. 

Am I getting out of the short position?  NO!. 

The bears still have a good chance; the recent bullish triangle formed on the intra day charts could just be the second wave of the expected 5-wave impulsive move downside to complete the B leg of the probable zigzag correction I discussed yesterday and this will hold if price does not break above the first wave.

I expect price to dip from the current level to the zones I highlighted.

Conversely, if price broke the triangle upside, I may exit my short position as market could be on its way to form an intraday impulsive move downside according to the chart below

More update to come later as price show us where its heading to.

I maintain a bearish short term bias and a bullish long term bias until price proves me wrong.

You can connect with me, check my contact

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Cadchf In a Triangle - forex trading machine review

Cadchf In a Triangle ~ forex trading machine review

On 23rd of september, I posted my view on this pair based on elliot wave analysis, you can read here.

Price has not been moving downwards as i forecast. With more price candles formed especially on the 4H chart, I have now come with an alternative wave count. Let me stress it that the two wave counts are still valid until price proves one correct and the other incorrect.

Price presently is consolidating in a triangle pattern and a break below it will support the bears and the first wave count will thereby be valid.

Going by the alternate wave count, the 5-wave bullish impulsive move explained in the first analysis might not be ended yet, It could be the wave 1 of the 5th wave of the impulsive move which started from 0.8400 support level and the present triangle could be wave 2 of 5.

 If the triangle is broken upside, price should continue the upside move to 0.8690-0.8700 which is a strong resistance.

Breakout of the triangle should decide the next medium term movement of this currency pair and I will watch out closely to be part of the move.

I am presently out of my bear position. I want to be sure of the next move before I join again.
I will keep an update of this pair as price movement unfolds

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Gold Update Still maintaining bullish correction - etrade forex trading reviews

Gold Update Still maintaining bullish correction ~ etrade forex trading reviews

On 11th November,I posted an analysis on Gold here.

 I wrote about the end of the first impulsive move that broke the long term weekly     ( wave 4 ) corrective triangle. I labelled this impulsive move on the intraday chart as the first wave of wave 5 ( to complete the long term bearish trend).

Gold reacted to the end of the impulsive move and look ready for the correction properly. 

Presently, price is consolidating in a triangle corrective pattern and if it manages to break out of it, we should see further intra day rally for another 300pips before the bearish trend continues. 

A break below this triangle will call for an alternative count. We should be ready to flow with the price and with what help can we do that better?....If not elliot wave analysis.

I will keep an update as price advances

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Is Usdcad prepared to resume the Uptrend - forex trading courses in singapore reviews

Is Usdcad prepared to resume the Uptrend ~ forex trading courses in singapore reviews

I have been able to follow this pair nicely since July 6 when I predicted a powerful long term bullish move. Price was resting on the bear sides along the way and , each time it did, never failed to resume the bullish move.

Recently, on 5th october, I predicted a medium term correction after a perceived overbought. Price reacted as well and went down considerably with good profit         (already closed 80% of my position). 

You can take your time to read all my posts on Usdcad from July 6 to understand what I am talking about.

As we know, that a good trader or speculator doesnt stick to his thought about the movement of the market. He rather is flexible and adjust as price unfolds more information, and he reacts accordingly. He is less proactive and more reactive to price information. He reacts to what is happening and not what could happen.
 
A vivid look on this pair showed me that the recent bearish move we saw in Usdcad is a zigzag correction and price could resume the fifth wave to complete the 3rd wave of the larger uptrend.

Let me start with the weekly chart

What we are having is a motion and uncompleted  wave 5. By projection, it should end at the zone painted blue which is a confluence of equality ratio(wave 1 = wave 5) and 61.8% retracement of the last bearish trend. Price could be on its way to fulfill  this projection

Going by the 4H chart, a break above the wave 4 upper channel combined with a good bullish momentum should push price to 1.1364 which will be my first target if I decide to buy. 

On the other hand, if price is held there and turn down I could be on my way to reach my final target on the bearish note before thinking bullish.

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SOME MORE STRATEGIES ~ how to understand forex trading signals

Bounce Back Strategy

3.77/5 (143 votes)

Learn to trade Forex using Bounce Back Strategy

This strategy can be used as a scalping method as well as for long term trades. It uses 24 ema to look for bouncing back of the price and enter the market with a buy limit order. It is not 100% accurate but it has consistently been profitable and anyone can adapt the strategy to his or her preference.

Crystal Time Frame Switcher

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Learn to trade Forex using Crystal Time Frame Switcher

The major problems of most strategies are entry and exit. A lot of trend trading techniques are out there but there are a few ways to filter entries and exits. In this strategy, the trend is determined by the direction of the BBands_Stop. After the trend is determined, we then move on to find a good entry and a good exit using the Fisher indicator and the Stochastic indicator with multi-timeframe analysis. It can be profitable if one can follow the rules of this trading strategy.

The Pouria Method

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Learn to trade the trend using the Pouria Method

The Pouria Method is a low risk and has a good risk-to-reward ratio. It capture only 15 pips of profit regardless of how big the trend. The reason is to avoid high risk. To have a good risk-to-reward ratio, the stoploss is set to 14. Due to the above two reason, the success rate can be as high as 90%

The Bible Forex System

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Learn to trade the trend using the Bible Forex System

This strategy should work well long term with this system and does bring in a good amount of pips per month. One can start trading at 6 am EST and wait till the trades are found. Usually within 3 hours, you are done.  At all times, one should follow the trading rules as a trader that is consistent in his rules is a successful trader.

Forex Trading Made Simple

3.30/5 (142 votes)

Learn to trade Forex using the TDI indicator

In this strategy, the TDI (Traders Dynamic Index) is used as it uses some of the most powerful indicators such as the RSI as well as other types of calculations to determine the trend and momentum of the pairs. The trade is then confirmed with the combination of the Synergy APB (Average Price Bar) Candle indicator and the Simple Moving Average.

VMA Trend Trading

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Learn to trade the trend using VMA

In this strategy, we are using the VMA indicator that is different from a regular SMA or EMA in that the VMA indicator have a variable of ADX worked into them. ADX measures the strength of trend, so basically we have a moving average that will move when prices are trending. When things are consolidating, the VMA will not move and may even go flat. This helps to solve the major problem of MA with its whipsaw nature. This strategy uses VMA 1 and VMA 4 in which VMA 1 uses ma length of 1 and adx length of 8 whereas VMA4 uses ma length of 4 and adx length of 8. Both indicators of VMA 1 and VMA 4 can go flat without crossing during sideway market and cross when the market is trending.

Price Action Scalper

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Why I sold Cadchf - forex trading magic review

Why I sold Cadchf ~ forex trading magic review

What we are having presently is price reacting to a probable end of an impulsive move on the daily chart which started in march.

This move is terminating at a resistance ( 0.8600) and price should start reversing in a new journey to 0.8150 (a support close to 61.8% retracement of this move).

This impulsive move is part of a retracement of the long term bearish move of this pair which could still move which could take us to as high as 0.8870 before the bearish move should continue.

At the moment, a corrective move is expected to 8150 and a bit below before the bullish renewal which could take us to 8870.

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