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  1. FiboPivotCandleBar - indicator for MetaTrader 4

    by , 04-02-2018 at 12:31 PM
    FiboPivotCandleBar - indicator for MetaTrader 4

    Name:  FiboPivotCandleBar_indicator_MetaTrader4.png
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    This indicator is a composite of several indicators: Fibonacci, Pivot Point, ZigZag, MACD and Moving Average which are combined in this indicator.

    This indicator gives advice to buy and sell with the direction of the arrow.
    Categories
    Uncategorized
  2. USD/JPY: bearish forming Retracement patterns for weekly/monthly prices

    by , 12-15-2015 at 11:36 AM
    USD/JPY
    Weekly


    Name:  usdjpy-w1-metaquotes-software-corp.png
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    -The below chart displays a yearly (each bar is 1 year) USD/JPY log chart. Remember, huge reversals have materialized in years that end in 5. A top formed following the last 3 year rally (1994-1996). 12 month rate of change exhibits divergence and the top in June was at the line that connects the 1990 and 1998 highs. Finally, a yearly doji may form for 2015 (a lot to be decided next week). Shorter term, this week’s ...
  3. Trading Manual - How To Use Fibonacci

    by , 09-24-2014 at 10:09 AM
    Talking Points:

    • Fibonacci Retracement tracks the pullback after an extended move
    • Traders eye 38.2%, 50%, and 61.8% retracements as possible reversal levels
    • Fibonacci’s ‘magic’ comes from its self-fulfilling nature

    Where to Draw the Fibonacci Retracement?

    Where exactly is that? For starters, we need to identify an extended move up or down on our chart. In other words, a swing low followed by a defined high or a swing high followed by a defined low. Below, ...
  4. Technicals for Majors - EURUSD 13 Year Trendline in Play as Support, USDJPY registers 6 year high & AUDUSD tests Fibonacci resistance

    by , 09-07-2014 at 09:17 AM
    Technical Analysis
    • EURUSD crashes through objectives; LT trendline in play
    • USDJPY registers 6 year high
    • AUDUSD tests Fibonacci resistance

    EUR/USD
    Monthly




    -“Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. The break of 1.3476 completed a topping process with targets of 1.3294 ...
  5. The Definitive Guide to Scalping, Part 6: Scalping Retracements

    by , 08-15-2014 at 10:36 AM
    • When markets pullback from the trend consider trading retracements
    • Traders can time entries at support and resistance using oscillators
    • Manage risk over previously market swing highs or lows

    Scalpers have a variety of choices when it comes to an execution strategy. This decision should be decided after carefully evaluating current market conditions for the currency pair of their choosing.

    Today to continue the Definitive Guide to Scalping, we will focus on trading ...
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