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The Tools and Your Disposal.

TarMarHan Posted 16 Oct. in #Dukascopy #Sentiment Index #Economic Calendar #Technical Indicators #Pivot Points #Trading Tools

7/28

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Introduction

Trading tools are a critical component of forex trading as they act as an aid to decision making. Correct and consistent use of trading tools will lead to better strategies, better decision making and better interpretation of market conditions.
This article focuses on some of the trading tools that have been made available by the Dukascopy website. The main aim is to see how these function and how they can be of use in forex trading.
Getting to the trading tools.

The trading tools are available on the Dukascopy website, www.dukascopy.com under the market info section. Fig 1 shows the steps to the trading tools on the website.
Fig 1: Graphical representation of the steps to trading tools.
Step 1: Go to www.dukascopy.com
Step 2: Click on the market info section
Step 3: Select the required trading tool from the drop down menu of available trading tools.
Now we can discuss how some of the trading tools can be of assistance in the trading journey.

SWFX Sentiment Index

The SWFX Sentiment index is an excellent tool to gauge trader positioning and sentiment in the FX market. Unlike the major equities or futures markets, there is no single centralized exchange for f…

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Super Trend Indicator, Alternative Tool for Profitable Trade

hargun Posted 2 June in #Strategy #Trading System #Indicator #Technical Indicators #Simple Strategy #Trend Trading #Trading Idea #Trading Strategy #Supert Trend

24/44

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Hello everyone! My name is Harry from Indonesia. This is my first article, hope it can gives a little value for everyone. Every trader wants to be a consistently profitable trader. In order to achieve that, we try to improve our trading system to fit our personality, risk profile and also increase our winning chance. Maybe this Super Trend indicator can be alternative tool to profitable trade.
SUPER TREND FORMULA
After googling around, searching for Super Trend calculation, I found that Super Trend indicator using 4 variables : High, Low, ATR, and coefficient. The basic formula is :
Basic Upper band : (High + Low) / 2 + ATR x Coefficient
Basic Lower band : (High + Low) / 2 – ATR x Coefficient
TRADING RULE
Using Super Trend indicator is simple. You can clearly take position by seeing this chart. You can use it on any time frame. Example below using 1H chart.
BUY
Open Buy when price cross and close above the upper band
Close Buy when price cross and close below the lower band
SELL
Open Sell when price cross and close below the lower band
Close Sell when price cross and close above the upper band
THERE IS GOOD TIME, THERE IS BAD TIME
There is no perfect system or indicator. …

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Game Changer Series: Nitrous Tradometer

Nihad Posted 18 Feb. in #Technical analysis #Volatility #Technical Indicators #Momentum Indicators #Volume

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1.0: Purpose of this Series

The tags cloud below summarizes the abstract context of this series.

2.0: Purpose of this article
I found myself face-to-face with this mess.
An analogy with the optimal dynamic non-linear system I can think of was my decision. Therefore, this article is a conceptualization analogical argument.
Choose your favorite but remember we are determined to find a baseline: a bare minimum.
2.1: Building Custom Tradometers

Many online services offer you to build car's custom dashboard, so will we from scratch and build a catalog of options in each class.
2.1.1: Display Types
2.1.2: Display Units/Scales
2.1.3: GPS Navigation

2.1.3.1: Where?

2.1.3.2: When?

2.1.4: Speedometers

Speedometers measure velocity and hence displacement. See Veyron below.
The Veyron was actually a financial instrument, the elevation is now a bullish candle, and finally the start (open) was replaced by the previous stop (previous close) to include any gap-ups in this case.
Let's take an example of a market's momentum indicator to see what it measures to our previous findings.
2.1.5: Fuel Gauges

Without fuel, you are going nowhere, trading volumes are the fuel for any market mov…

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June Chronicles 3

fr33m4n Posted 19 June in #Technical analysis #Eurusd #Gbpusd #Gbpjpy #Technical Indicators

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It is very funny how some trends “sneak” past us simply because we are not looking at the right thing, or too engrossed in the wrong thing.
But there are so many markets to trade!!
So many opportunities to make money!!
While the above statements are true, in this business it is not effective to be a Jack-of-all and a master of none. Focus is essential for success during trading. Many trading blogs advise new traders to specialize in few particular pairs, because every pair is different and unique.
The Gbpjpy market does not move in the same way as the Eurgbp market. If we were to compare the volatility of both markets, we would discover that they are miles apart. So it is good to focus on the right pairs and the right trading tools; to get the most out of trading the forex market. This is the first lesson I learnt as a forex trader. The pairs I watch are the Eurusd, Gbpjpy, Eurjpy and Gbpusd.
For charting analysis, I have found that the four-hourly chart has the best representation of price movement, and that good entries can be taken off the hourly charts. You can trade off the four-hourly charts directly, but it is good to try and fine-tune trading entries.
My methodology in…

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9 Reasons Why Day Trading May Not Be for you

SpecialFX Posted 24 Jan. in #Long Term #Day Trading #Technical Indicators #Swing Trading #Positing Trading #Risks

19/35

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If you have read some of my articles and/or comments, or watched the few webinars I've done, by now you probably know that I prefer a long term approach in my trading, and that I don't recommend day trading, especially to inexperienced traders. It is a known fact that most retails traders use short time frames, and they have the opinion that long term trading is riskier, so they stick to their intraday charts believing that they are taking less risk. And this myth of the supposed safety of intraday trading is repeated ad infinitum until almost everyone believes in it. However, that's what it really is: a myth, nothing more than that. _____________________________ ► Trading costs and slippage No matter how long you hold your positions for, there is a fixed cost that is the same in all situations: the spread. And then there are commissions based in your trading volumes and capital deposited (using Dukascopy's fee structure). Imagine that a currency pair has a total cost of 2 pips per order (spread + commissions). A day-trader will usually have small profit targets, lets say 20 pips. So he will pay 10% of his profits to the broker, and likewise his losses are also inflated by…

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Introduction to Indicators

jlongo Posted 16 Apr. in #Indicators #Technical Indicators #Market Indicators

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Introduction to IndicatorsIn my last article i have introduced SMA indicator, but i don't talked about indicators themselves. The word "Indicators" is defined by english dictionary as "an instrument wich gives you information". When someone get some interess or join the market world, indicators are the first thing they try to use to get some information about the markets. As a beginner, i have tried some of the indicators out there, putting all of them in my charts without much sucess as expected. One pitfall i think that occurs to all novice traders/investitors is relying on some indicator applied sucessfully by others over past time. We must know that indicators don't act same way to different situations. One bias when we beggan to use indicators is the lack of knowledge how the indicator works, how it get it's results and why we get that result. Here, in this article and the following ones, i will try to share what i find about some indicators. With indicators we try to predict forward market evolution taking as base past results of the market. We, as traders, usually use some indicators as instruments to take our decisions about entry and exit actions. In trading…

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Neuroeconomics: Losing Money? Here’s Why.

Tingos318 Posted 23 Aug. in #Trading Psychology #Behavior #Technical Indicators #Neuroeconomics

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“Neuroeconomics is an interdisciplinary field that seeks to explain human decision making the ability to process multiple alternatives and to choose an optimal course of action.” (Center for Neuroeconomics Study at Duke University, http://neuroeconomics.duke.edu/research/research2.html) When we start trading, no matter if it is a Demo or real money account, we spend several hours learning about the art of trading. We learn how to interpret charts, news and indicators. I think most of the traders know what are support and resistance lines, trend lines, overbought and oversold conditions, patterns like double tops and bottoms, candlestick patterns and other technical tools also how to trade those, we learn these things in our first 2 weeks or month we get involved with trading, that’s a fact. But, as time goes by we try to learn all things that we heard around and we assume that more knowledge will make us better traders. That affirmation is true, but we miss the real context around it. Some traders study them and many others for years and even though they are not profitable traders. Don’t misunderstand me; trading involves compression about everything mentioned before and more…

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Trading with Force's Indicators

Nacerdz Posted 16 Aug. in #Technical analysis #Technical Indicators #Own Indicators

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In the previous sections we saw a presentation on the theoretical aspect of my two similar indicators ( NacerBFindex ) and ( NacerSFindex ) then we saw the behavior of these indicators.(see my articles:Price , Material Point...Laws In Commun Part1,Part2) In this section we discuss 'how to trading with these indicators' with examples of a positions on my account (Trader Contest) : Blue indicator: NacerBFIndex (NPU) Red indicator: NacerSFIndex (NPD) These indicators show three states of price: A: steady state when NPD=NPU=1 B: state of imbalance (max) caused by the SELLERS when NPU<0 .618 (Blue indicator <0 .618) C: state of imbalance (max) caused by the BUYERS when NPD<0 .618 (Red indicator <0 .618) Our trading strategy is summarized by the following diagram: The strategy is based on the idea that the price is oscillating and passes through three states: Steady state when the force of the buyers and sellers are equal Two states of imbalance when the ratio between the two forces pass below the golden level 0.616 Positions are open to Price from one state of imbalance (B or C ) to steady state (A) then the second state of imbalance . LONG In the first Picture : The Blue Indicator ' NacerBFIndex ' goes below the golden level: 0.618 (NPU<=0.618) The imbalance caused by sellers come to his area (max ), so is the state B Stop Loss : usually it is the low of the candle which recorded (NPU <= 0618 ) ( SL ≈ 50 P ) Take Profit : usually it is the state A ( steady state) or ( ≈ 100) p, and we can follow the profile to the state C (NPD<=0.618) . SHORT In the next Pictures: The Red Indicator ' NacerSFIndex ' goes below the golden level: 0.618 (NPD<=0.618) The imbalance caused by BUYERS come to his area (max ), so is the state C Stop Loss : usually it is the low of the candle which recorded (NPD <= 0618 ) ( SL ≈ 50 P ) Take Profit : usually it is the state A ( steady state) or ( ≈ 100) p,and we can follow the profile to the state C (NPD<=0.618) . Note: This Strategy is valid for all periods but with modification of SL and TP. EURUSD forecast: The medium -term vision is Pessimist, the trend is growing downward;

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Fahenheit 100 and Climbing

willy43 Posted 10 Aug. in #Trading System #Technical Indicators #100 Pips

38/73

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This is a trading system that I trade with. The goal is to profit 100 pips per day if market is favorable. No one uses this system since it is a figment of my imagination. I am not going to explain the indicators I use except how I use them. I am going to assume that everyone has an understanding of Forex.First thing I do in the morning is turn the news on. I want to get the flavor of what could be the panic story of the day. Debt seems to be the hot topic lately. Since my grandfather told me once to believe nothing I hear and only half of what I see. I am cautious about what is said. Nothing appears as it is because if we believe the market is going up then it will go down. Therefore, do not make forecast. We are not the one pulling the strings.Let us get down to business. After I have my coffee and listen to the news, I scan the charts looking for the trend in the best pair to trade for the day. After I pick the right one I pull the chart up and put it on the daily time frame.With a look at the chart I note if the trend has been up or down. I will take trades in that direction only. Besides trend lines the only indicator I use is CCI.We will use the CCI to confirm the …

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Beast - the Price

bucker Posted 8 Aug. in #Story #Technical Indicators #Fiction

44/73

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Hunters arrived, all the knights and gladiators to hunt down beasts.Hunt continues for many years the best everyone wants to hit it, everyone wants her trophy-TP.All daredevils pledge traps, ambushes, pennding order-not an easy task to catch the cunning beasts. They use a clever strategy, baits that fell into their trap.Drive, in the footsteps of the trail that leaves-candles - a long time, bodies, and sometimes reels, Doji. Beast does not remain indifferent to deceive, haunted, scheming. Sometimes long quietly plotting Be it hides formed.It has a large room for maneuver, great experience acquired over the years, great use of hiding behind dark clouds or having Harami, sometimes under the glow of the falling star is speeding somewhere.It's on the trail, you can see a chart of its victims - the hammer and the hangman.Hunt takes all chasing beasts rushing, Hunter examines the possibility of providing technical information, future course, the course of traffic using the tools plethora of beasts - the MACD, SAR, SRI ....Knights gather strength in the group, they build another ambush, hoping to quickly hunt down, grabs the trophy - TP.Gladiators are constantly in pursuit of the beast cu…

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Prices, Material Point ... Laws in Common (part 2)

Nacerdz Posted 8 Aug. in #Technical analysis #Modeling #Technical Indicators #Physics #Physics In Forex

51/73

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In this second pass in practice (apply the theoretical concepts discussed in Part 1 to predict the price movement and then make the decision trading)4-Behavior of the forces’ indictor Based on the relationship (3) and (4), I realized two similar indicators (MQL4), which represent the ratio (Fa / Fv) resp (Fv / Fv) relative to a given period. In the following pictures a brief presentation of the indicator:Each point on the red curve represents the value of the ratio sellers force on buyers relatively to the period defined (in the example period =9), Each point on the blue curve represents the value of the ratio buyers force on sellers relatively to the period defined (in the example period =9). The continuous observation of the behavior of the indicator since its creation allows me to note the following remarks: - The indicator follows a movement (oscillation) around the levels whose values are based on the golden number (0.618). - The axis of the oscillating movement of the indicator is the level at 1.00 'equilibrium level'. - The new trend (direction) movement of the price only starts if a curve touches level 0.618 and the other curve touches…

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The Tools and Your Disposal.

Super Trend Indicator, Alternative Tool for Profitable Trade

Game Changer Series: Nitrous Tradometer

June Chronicles 3

9 Reasons Why Day Trading May Not Be for you

Introduction to Indicators

Neuroeconomics: Losing Money? Here’s Why.

Trading with Force's Indicators

Fahenheit 100 and Climbing

Beast - the Price

Prices, Material Point ... Laws in Common (part 2)

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