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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Elliott wave analysis of major currency pairs 15th January (updated) - forex news trading signals

Elliott wave analysis of major currency pairs 15th January (updated) ~ forex news trading signals

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VIDEO Want a Sure Fire Forex Trade Setup Look for a Triangle - forex trading coach reviews

VIDEO Want a Sure Fire Forex Trade Setup Look for a Triangle ~ forex trading coach reviews

(Video) Want a Sure-Fire Forex Trade Setup? Look for a Triangle
Watch this quick educational video from an Elliott wave forex expert, Jim Martens

By Elliott Wave International

Last fall, the editor of Elliott Wave Internationals Currency Pro Service, Jim Martens, observed a beautiful pattern in the chart of the Japanese yen. This pattern, called a triangle in Elliott wave terms, offers a very clear outlook for the market.

What is a triangle? Its a corrective pattern, meaning that it moves in the direction opposite the primary trend. And, its very easy to spot on a chart. Heres an idealized diagram of a triangle.

When a triangle ends, the old trend should resume. This allowed Jim to make a very clear forecast for the dollar/yen. Watch this 7-minute video to see the triangle he observed, and the outcome.

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Free 14-page eBook: Trading Forex: How the Elliott Wave Principle Can Boost Your Forex Success Elliott Wave Internationals Senior Currency Strategist Jim Martens pulls from 25+ years of experience using Elliott wave analysis to show how you can put the power of the Wave Principle to work in your forex trading. Download your free 14-page eBook now >>

This article was syndicated by Elliott Wave International and was originally published under the headline (Video) Want a Sure-Fire Forex Trade Setup? Look for a Triangle. EWI is the worlds largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

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Video analysis of S P 500 - free forex trading signals online

Video analysis of S P 500 ~ free forex trading signals online

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Gbpusd Intraday Market Update - saxo bank forex trading reviews

Gbpusd Intraday Market Update ~ saxo bank forex trading reviews

I will be building on the analysis I did on 22nd of this month. You can scroll down the blog or click here. 

 

I noted an ending diagonal as part of the zigzag pattern that I thought could end wave 4 of the larger wave in order to be part of the potential large move downside.

 

I put a sell order at the break of the diagonal and soon market started moving up and down showing the diagonal might not have finished forming. A diagonal is usually followed by sharp moves

 

I exited the trade manually with -70pips in order to analyse more critically.

 

At the end of trade on 25th February, I saw that ending diagonal was still intact with double zigzags in between its legs. 

 

 

The fibonacci extension of wave A from B has pierced the 161.8% and price is now heading to 200% fibo extension level at 1.5560 and its neighborhood. 

 

This level could mark the last wave to complete the diagonal before a crash down.      A crash down could happen if the 200% level holds and price breaks below the support trendline of the diagonal.

 

Zooming down to the 15minute chart, something very interesting also surfaced.

 

  

    The supposed last wave of the expected diagonal formation, vividly seen on 15 minute chart is also forming a diagonal. 

 

This would be a massive move. That will be dual time diagonal formation.

If the 200% holds at the turning point, i would trade aggressively at the break of the 15 minute ending diagonal. 

 

A conservative way of trading is by waiting for the 1 hour diagonal to be broken downside by price. Proper stop order should be done with good money management.

I will see you in the next update.

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Video Analysis on Gbpchf Xauusd and Audusd - mti forex trading reviews

Video Analysis on Gbpchf Xauusd and Audusd ~ mti forex trading reviews

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UsdCad Is Overbought - forex knights trading room reviews

UsdCad Is Overbought ~ forex knights trading room reviews

Nothing interests me in this market more than seeing a pattern I recognise. On 6th July ,I speculated a long term upward move of this pair ( Read Here ) .

The bullish move that started on the aforementioned date is looking set to complete a nice impulsive 5 non-overlapping waves on the H4 time frame and Im expecting a dip before price continues the long term bullish trend.

Presently, price has hit a strong resistance at 1.1275 with overbought and divergence signals on Macd and Stochastic respectively, its not bad to think bearish, at least for intra-day moves.

I still maintain a general bullish bias but the bears could take a shot which could be profitable. Targets are 1.1025 ( 38.2 % retracement) and 1.0950 ( 50% retracement)

I will wait for a candlestick bearish reversal formation before embarking on the journey.

Conversely, if price broke 1.1275 in high momentum, then the impulsive move is not yet completed and more price candles will help to verify the next action.

Updates to come. Dont be far

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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

4.56/5 (137 votes)

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

3.43/5 (142 votes)

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

4.62/5 (133 votes)

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

3.20/5 (144 votes)

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

3.91/5 (249 votes)
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A new look at Cadchf - day trading forex live reviews

A new look at Cadchf ~ day trading forex live reviews

Before I start,please take time to read my last post on this pair (click here).

Price broke the triangle I talked about and went back immediately giving me no real chance of buying.

The congestion is not looking over yet as we have price moving up and down to form a larger triangle.

As price adds up to itself, we ask ourselves, are we still in line?. Being able to follow price and allowing it to connect with us is very important. Thats why I chose elliot waves analysis as my primary tool.

With what price came up with of recent, it shows clearly that the first corrective wave ( wave 2) of wave 5 of the impulsive moves ( in blue) is about to be completed as a triangle corrective pattern. 

If this is anything to go by, we expect the price to break the upper line of the triangle for an explosive move upside. I will wait for a chance to buy at the break to target 0.8810.

Conversely, if price breaks the triangle downwards, what we will be having is a complex correction or temporary change in trend which requires more studies and patience.

Either way, price determines where it goes and we just have to understand him and follow. We should see a real action next week.

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