Forex Trading Strategy 117 - forex trading wiki

Forex Trading Strategy 117 ~ forex trading wiki

Market Analysis of the 8th of December 2014 : Opportunities on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, XAU/USD, EUR/JPY, USD/CAD & NZD/USD D1, H4 & H1

Click on the Menu on "Market Analysis" for all the analysis.

Most of the pairs have a clear direction again and it should provide us with some nice setups on H1/H4:
EUR/USD: A new push down, no recent divergence between price and Ewave, downtrend
GBP/USD: Still downtrend
USD/JPY: Second push of the Wave 3, clear uptrend
USD/CHF: A new push up, no recent divergence between price and Ewave, uptrend
AUD/USD: Downtrend, in the Wave 5 (possibility of a new Wave 3)
EUR/JPY: Uptrend, price has move already a lot in that direction though.
USD/CAD: The wave 5 has probably started (but it is not confirmed yet), uptrend but be careful as we may be still in the Wave 4
NZD/USD: The wave 5 has probably started (but it is not confirmed yet), downtrend, price is outside the box.
XAU/USD: We are right in the middle of the Wave 4, no clear trend but, globally the chart is downtrend. However the box is huge so we could still take some setups on H1-H4 (better to go short)

For more details, click  "Signals" in the menu (from Monday 8th 8:00 GMT+1)

More info for Forex Trading Strategy 117 ~ forex trading wiki:

Forex Trading Strategy 119 - forex trading websites

Forex Trading Strategy 119 ~ forex trading websites

Market Analysis of the 1st of December 2014 : Opportunities on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, XAU/USD, EUR/JPY, USD/CAD & NZD/USD D1, H4 & H1

Click on the Menu on "Market Analysis" for all the analysis.

Clear divergence between price and Ewave on EUR/USD & USD/CHF, downtrend on GBP/USD & XAU/USD (new wave 3 push) and AUD/USD (wave 5), uptrend on the YEN pairs and USD/CAD (could be the A move of the wave 4 or start of the wave 5), finally NZD/USD is in the wave 4 with a sleeping alligator, maybe we will have a D1 setup in the next few days (it looks now like the b move of the wave 4).

Therefore, we will check closely NZD/USD for a D1 short setup, we will look for a short H1/H4 setup for GBP/USD, XAU/USD and AUD/USD, we will be careful with EUR/USD and we will look for a long H1/H4 setup for the YEN pairs and USD/CAD (USD/CHF as well with prudence)

For more details, click  "Signals" in the menu

More info for Forex Trading Strategy 119 ~ forex trading websites:

Trading with Force Index - forex trading hours and days

Trading with Force Index ~ forex trading hours and days

The Force Index developed by Alexander Elder is an indicator that uses price and volume . The Force Index can be used as trending indicator to reinforce the overall trend, for identify corrections of the markets or reversals trend with divergences.

In this trading system we use the Force Index with other indicators of trend.

Time Frame 30 min or higher.

Indicators:

• Moving Average - period 20, simple method, it’s normally above or below the price.

• Parabolic SAR - step 0.02, maximum 0.2, represented by the dots that are also found above or

below the price.

• MACD - fast ema,12, slow ema ,26, Macd sma ,9,

• Force Index - period 13, simple method.

MACD and Force Index are shown in two separate windows below the chart see picture.

Buy

The Moving Average should be below the price and point up;

The dot of the Parabolic SAR should be below the price;

MACD crossover upward below the ‘zero line’;

The Force Index should be point up.

Exit buy

Exit when the Parabolic SAR changes direction an is above the price, or also exit when the MACD crossover above the ‘zero line’.

Sell

The Moving Average should be above the price and point down;

The dot of the Parabolic SAR should be above the price;

MACD crossover downward above the ‘zero line’;

The Force Index should be point down.

Exit sell

Exit when the Parabolic SAR changes direction an is below the price, or also exit when the MACD crossover belw the ‘zero line’.

Stop Loss should be set to 20-30 pips away from the entry price for intraday trading with time frame 15 min and 30 min.

More info for Trading with Force Index ~ forex trading hours and days: