Metatrader 5 Overview

This video is related to this book : Trading with Intermarket Analysis, Enhanced Edition: A Visual Approach to Beating the Financial Markets Using Exchange-Traded Funds (Wiley Trading): John J. Murphy: 9781118314371: Amazon.com: Books

With global markets and asset classes growing even more interconnected, intermarket analysis—the analysis of related asset classes or financial markets to determine their strengths and weaknesses—has become an essential part of any trader's due diligence. In Trading with Intermarket Analysis, John J. Murphy, former technical analyst for CNBC, lays out the technical and intermarket tools needed to understand global markets and illustrates how they help traders profit in volatile climates using exchange-traded funds.

Armed with a knowledge of how economic forces impact various markets and financial sectors, investors and traders can profit by exploiting opportunities in markets about to rise and avoiding those poised to fall. Trading with Intermarket Analysis provides advice on trend following, chart patterns, moving averages, oscillators, spotting tops and bottoms, using exchange-traded funds, tracking market sectors, and the new world of intermarket relationships, all presented in a highly visual way.

---

John Murphy Explains Intermarket Analysis, Part 1

In these videos you will learn from the author of several best-selling books, including Technical Analysis of the Financial Markets about:

• The two primary areas of research in intermarket analysis
• How intermarket analysis principles are applied to the economy
• Sector relationships and how they correlate to one another
• Why Commodities vs. Bonds relationship is a good indicator for inflation

This video is related to this book

---

John Murphy Explains Intermarket Analysis, Part 2

In these videos you will learn from the author of several best-selling books, including Technical Analysis of the Financial Markets

John Murphy Explains Intermarket Analysis, Part 3

John Murphy Explains Intermarket Analysis, Part 4

Order Strategies. Multi-Purpose Expert Advisor



Scaling in Using Limit Orders

You open an initial position and set one or more Limit orders in the same direction with increasing lot size. As Limit orders trigger, new Limit orders are set until the position is closed at Take Profit. When the position is closed at Take Profit, the remaining pending orders are deleted.

========

Stop and Reverse

You open an initial position and set the opposite Stop order with an increased lot size at the Stop Loss level of the initial position. When the position is closed at Stop Loss, the pending order kicks in a new opposite Stop order is again set at its Stop Loss level, and so on until the position is closed at Take Profit. When the position is closed at Take Profit, the remaining pending order is deleted.

========

Pyramiding

You open an initial position and if it appears to be winning, you increase its volume (scale in) and move the Stop Loss to Breakeven. If the position is closed at Take Profit, it is by then expected to have reached a quite large volume, and consequently profit. If however the Stop Loss triggers during the intermediary phase, there will simply be no profit.

=======

Reopening

You open a market position. Closing at Stop Loss is followed by a new opening with an increased lot size, and so on until the position is closed at Take Profit. This strategy is similar to scaling in using Limit orders.

Breakaway Gaps by Toni Hansen

Presented by veteran trader Toni Hansen. Breakaway gaps are an excellent form of gap to watch for when you are trying to locate securities with a high probability of a trend day. They are gaps which break the security out of a trading range or congestion zone and are a much stronger confirmation than a non-gap break out of a range. The gap itself will then serve as support for the security, allowing it to more easily continue in the direction of the gap. True breakaway gaps rarely close in the days immediately following the gap.

Common Gaps by Toni Hansen

The most prevalent type of gap which takes place in the market is called a common gap, for the obvious reason: they are the most abundant. They occur when a security ends the session at one price level and then open the following session at another price level. Common gaps tend form when a security is trading within a range and tend to fill rather quickly and easily. They are usually relatively minor, representing only a small percentage of an average days range.

Toni Hansen, she is a good trader. I have chat with her on facebook many times discussed about FX trading.

How To Trade Descending Triangle Chart Patterns

Video Tutorial on How To Trade Descending Triangle Chart Patterns

---

Talking Points
-Triangle price patterns can be used in Forex trading to identify potential breakout setups
- Descending triangles form when a rising trend line and a horizontal support line converge
- Traders can look for the breakout from the descending triangle to signal the continuation of the AUDJPY down move.

Learn Forex: Descending Triangle



What is a Descending Triangle pattern?

A descending triangle pattern is consolidation price pattern composed of lower swing highs pushed lower by an established downtrend line converging with a horizontal support made up of a series of swing lows located in roughly the same area. Another name for the descending triangle is the right triangle pattern due to its similarity to the geometric shape of the same name. The height of the triangle meets the horizontal support at a 90 degree angle.

Usually, descending triangles form as profit taking by sellers is met with bargain hunting buyers. However, the buying pressure is mutted as higher lows are not made. A news release or economic announcement could be the catalyst required to push price out of this coil tilting the balance strongly in the seller's favor. Unlike its cousins, the symmetrical triangle and ascending triangle, the descending lacks significant bullish participation indicated by that lack of higher lows.

Learn Forex: AUDJPY Descending Triangle




Taking a look at the current AUDJPY 4-hour chart, you can clearly see price action bound between a descending trend line that connects the 11/6 swing high of 94.15 to 11/12 swing high of 93.05. This swing high is a lower swing high than the 11/10 93.19 swing high showing the building strength in the downtrend. Current price action within the triangle is below the 200 simple moving average (SMA), a key indicator that traders use to determine bullishness or bearishness.

Traders will watch price action for a 4-hour candle close below support to confirm that there is follow through in a potential breakout. Stops can be placed near the middle of the triangle just above the 93.00 and 200 SMA. The height of the triangle is a little over 170 pips. By extending this height from the support level of a potential breakout zone, look for a possible target of 91.14. The profit target coincides with the lows seen back on October 2nd.

In summary, descending triangles can be an excellent way to rejoin a downtrend that clearly illustrates risk and reward. Price has a tendency to break form the descending triangle in a downward direction.

---Written by Gregory McLeod Trading Instructor

More...

---

Candlesticks Vol 1 - Candlestick Design

---

Just some basic for traders -


Candlestick Basics

Candlestick charts are an effective way of visualizing price movements. There are two basic candlesticks:

• Bullish Candle: When the close is higher than the open (usually green or white)
• Bearish Candle: When the close is lower than the open (usually red or black)

Candlestick Parts

There are three main parts to a candlestick:

• Upper Shadow: The vertical line between the high of the day and the close (bullish candle) or open (bearish candle)

• Real Body: The difference between the open and close; colored portion of the candlestick

• Lower Shadow: The vertical line between the low of the day and the open (bullish candle) or close (bearish candle)

Candlestick Patterns

The power of Candlestick Charts is with multiple candlesticks forming reversal and continuation patterns:

• Bullish Engulfing Pattern
• Bearish Engulfing Pattern
• Dark Cloud Cover
• Doji
• Dragonfly Doji
• Evening Star
• Gravestone Doji
• Hammer
• Hanging Man
• Harami
• Inverted Hammer
• Morning Star
• Piercing Pattern
• Shooting Star
• Tweezer Tops & Bottoms
• Windows

---