This is the thread to upload market condition images with the description about.
Printable View
This is the thread to upload market condition images with the description about.
This is the market condition for EURUSD for now.
H4 timeframe - flat with primary bearish. Resistance levels for the price to go up are 1.3018 and 1.3024. Resistance levels for downtrend are 1.2999 and 1.2977
Attachment 294
Attachment 295
This is very interesting situation is going on for now for EURUSD and USDCHF. I will not make any detailed comments because we all can see is from the images attached:
Attachment 321
Attachment 322
Attachment 323
Seems we need to use this thread to upload some indicators related to market condition checking and evaluation. In this case - everybody can do same analysis which i am making and will know about to buy or to sell in some situation for example.
Just an idea.
This is updated situation for right now:
Attachment 324
Attachment 325
1,050 dollars in profit:
Attachment 326
Attachment 327
Market condition for EURUSD and USDCHF for now.
EURUSD H4 timeframe - non-trading market condition (flat):
Attachment 332
USDCHF H4 - same case: non-trading market condition
Attachment 333
Those 2 images about market condition for now for EURUSD D1 and USDCHF D1. This is nothing interesting except the following:
- EURUSD is on bearish, and USDCHF is on bullish primary trend.
- Secondary trend is going on for now for EURUSD and USDCHF
Attachment 370
Attachment 371
More interesting situation for now is for USDCHF H4 timeframe:
Price is inside Ichimoku cloud that is indicating the Ranging market condition; Chinkou Spam line is very near to be crossed with the price on historical data for good breakout.
Attachment 373
Just something about market condition for today.
USDCHF M30 - ranging
Attachment 404
USDCHF H1 - correction with ranging
Attachment 405
USDCHF H4 - correction started on open bar so it may be bearish as a primary trend soon
Attachment 406
USDCHF D1- correction
Attachment 407
So, if some trader opened sell for USDCHF - he did not make any mistake for example. I opened one hour ago :)
And the situation was changed for now - it is breakdown for USDCHF H1 on closed bar, and breakout for EURUSD H1 on open bar.
Attachment 408
Attachment 409
This is ranging market condition for now - I am having the feeling that someone (some governments) are moving the market to "their right side" but the market does not want to :)
Attachment 443
Attachment 444
Breakout may be going soon for EURUSD and breakdown (bearish breakout) for USDCHF - we can see it from those screenshots:
Attachment 445
Attachment 446
This is ranging market condition for most majors so I can not continue with this new system for now The first version of this manual system with semi-manual EA so I will continue tomorrow (just for information).
It is the flat for USDCHF and price is trying to be reversed for EURUSD with flat as well:
Attachment 600
Attachment 601
So, I did not select any pair to trade for this week sorry. I will do it tomorrow when the situation will be more understandable.
Hi Newdigital,
Nice to see your forum.Congratulations for going on your own,I am sure you will make it a success.
Allow me to write my 2 cents on EURUSD:
I expect it to reach 1.3104,at a minimum,before a resumption of the downmove.
Reasons:1-ABCD Projects 1.3104 ...2-Previous Resistance at 1.3106.
Additionally,there is a nice downchannel withresistance around these levels for the next few days.
SAttachment 706
Nice to meed you Simba
Yes, I opened buy order for EURUSD (using this Ichimoku Abraham Trend system) :) :
Attachment 707
As I see from D1 chart - Chinkou Span (white line) is very near to be crossed with the price - it is indicating possible breakout somewhere in the end of the week for example:
Attachment 708
Not so many high impacted news for today - it was JPY Current Account at 00:50 GMT and no any high imtacted news anymore for today:
Attachment 713
That is true about price levels - just look at this image (that is already 1.3104):Quote:
Originally Posted by Simba
Attachment 741
This is intereting situation which may be related to market open on Monday:
Attachment 813
Of course, market is bullish on USDJPY H4 and it may be just a correction (secondary trend). But it may be good to open sell trade in case you are trading on H4 or D1 and having big deposit size for example.
This is updated situation for right now - good breakdown:
Attachment 834
There is choppy/ranging market condition for now so it is risky to trade in case we are using trend following systems for example:
Attachment 838
This is interesting situation for XAUUSD
Attachment 850
Are you still believe in gold?
Price for GBPUSD H4 came to inside Ichimoku cloud which is indicating ranging/choppy market condition/ This is the situation for right now:
Attachment 851
About market condition for GBPUSD.
H4/D1 timeframe for the next week. The price is inside Ichimoku cloud with bullish choppy market. But as we see from the image - the price is very near Senkou Span B line - one of the border of the cloud) which is the border berweek bullish and bearish market also.
Recommendation: buy orders - risky, sell orders - wait for GBPUSD to be crossed 1.5216, Senkou Span line (1.5171). If the price will cross support level 1.5019 on closed bar so we will have good breadown (good for sell trade). Besides, this 1.5019 may be good level for possble sell stop order for example.
Attachment 878
Attachment 879
This is interesting situation for GBPUSD now: Chinkou Span line crossed historical price on close bar for breakout but the price did not break resistance line yet (yellow color on my image). If you will open buy trade now so - first take profit level is 1.5286 and stop loss is around 1.5217
Attachment 903
This is interesting situation for now on D1 charts for some pairs.
For example - GBPUSD D1:
Attachment 1114
As we see from the image - Chinkou Span line came very close to the price trying to cross it from above to below, and the price itself is trying to cross one of the border of Ichimoku cloud namely Sinkou Span B line (this line is the border between primary bearish and primary bullish).
I mean the following:
- it is correction going on for now, and if the price will cross the border of the cloud on close bar so we may have ranging market condition. Bearish (trend will be reversed from bullish to bearish by this close bar) but ranging.
- if Chinkou Span line (light blue line on the left side of the image) will cross the price on historical data so we may have good breakdown (good to open sell trade on any timeframe.
- if the price will not cross the border of Ichimoku cloud so the correction will be stopped and we need to watch 1.5425 level to be crossed by price to open buy trade.
The other interesting situation is for USDCHF and EURUSD. We can see it here
this is USDCHF:
Attachment 1115
and it is EURUSD:
Attachment 1116
=============
So, as we see - it was breakout for USDCHF but still not yet for EURUSD. This pair (EURUSD) was crossed Sinkou Span B line and it is inside Ichimoku cloud trying to cross the other border of the cloud 9Sinkou Span A). So, USDCHF is already on primary bullish, EURUSD is on bearish (Sinkou Span B line is the "border" between bullish and bearish) but inside the cloud. It means: EURUSD is on ranging market condition.
But as USDCHF is leading pair with EURUSD/USDCHF combination (EURUSD is a little bit lagging with fast movement compare with USDCHF) - we can expect good breakdown for EURUSD for the next week.
Just some good video about some terminology concerning market condition. This is very preliminary knowledge but I am recommending everybody to remind it (this is 3 minute video only).
Market conditions -- where will the price move? :
http://youtu.be/N9dmmGNpDKg
Technical Analysis Course - Module 1: Technical Analysis and the Dow Theory
This course is designed to educate you about everything you need to know about technical analysis to make you a successful trader in any market condition. This is the Module #1 ... more to follow ...
http://youtu.be/R2Ziy8zwfOI
Technical Analysis Course - Module 2: Charting Basics
http://youtu.be/IeL1NuhoFc0Quote:
... typically use one of the following three chart types: Line charts, Bar charts and Candlestick charts. Charts are an invaluable tool for stock and spread betting traders. Indeed, I would say that any time that you as a trader spend studying price charts will be worthwhile. Charts are prices. Period. Don't care what's driving them. They are prices. And they move up or down which is why they are so relevant to us traders. Charts can be a very useful and influential aid to intelligent trading.
Technical Analysis Course - Module 3: Trend Concepts
What's the point of identifying trends? Well, first of all trends tend to keep going in one direction unless acted on by a major force. In this module, it will be shown the basics of:
- support and resistance, which are simple concepts with far-reaching outcomes;
- trend lines, sloping lines with similarly powerful applications;
- retracement expectations, and where we expect the price to halt its slide;
- other straight line guides
http://youtu.be/IfVORO4oWSo
Technical Analysis Course - Module 4: Reversal and Continuation Patterns
This module is about reversal and continuation technical analysis patterns. This module shows the practical applications we've been learning about trend lines and support and resistance levels. But when the price is not so consistent, and perhaps the trend becomes sideways for a while, then the price can move in ways that create patterns that we can learn to recognize, and that suggest where and when it is going to go next.
http://youtu.be/A7d-RArgSAo
Technical Analysis Course - Module 5: Volume and Open Interest
This module is about Volume and Open Interest. When we're trading we look at the price action but we also look at the volume of trading and the open interest which is something we come across in futures and options.
http://youtu.be/kqBreWAG2uY
Technical Analysis Course - Module 6: Moving Averages
There are different types of moving average, and each type can be constructed as a whole set with different periods. Some types of moving average are better in certain tasks than others, and you are free to experiment and find the type and values which work best for your trading.
http://youtu.be/VzuOtDLwS_I
Technical Analysis Course - Module 7: Oscillators and Sentiment Indicators
The oscillator tends to go between limits, or oscillate, and these limits represent times when the market is stretched, often associated with the need to change. We talk about overbought and oversold conditions, and you can think of these as when the market has gone too far too fast and quite possibly needs to correct or consolidate.
http://youtu.be/mRE9_YufeTA
Technical Analysis Course - Module 8: Further Charting
Another chart type which is covered in some depth is called point-and-figure charting, which is noticeably different from the charting techniques you have been introduced to so far, and will give you other ways to find your trades. These charts are older than bar charts in the Western world, with references dating back to the 19th century.
http://youtu.be/3fvPfXNpur0
