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Determining Market Condition

This is a discussion on Determining Market Condition within the Trading Systems forums, part of the Trading Forum category; Premium section news - ---------------- Statistical Methods for Trend Detection thread is this one . The thread with indicators, for ...

  1. #41
    Administrator newdigital's Avatar
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    Statistical Methods for Trend Detection thread is this one. The thread with indicators, for example - Mann-Kendall test indicators for Metatrader 4.
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  2. #42
    Senior Member FXstreet's Avatar
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    Gold Correction Underway

    Sentiment is too bullish. The weekly graph shows a hook sell signal, a sign of coming weakness. The monthly cycle topped on the 11th and the weekly cycle does likewise on the 17th. The combination of the bullish sentiment and the cycle tops point to a volatile week to the downside for gold. There is an irregular cycle that bottoms on the 20th which has set off short-term rallies in the past. This is likely to touch off a short-term rally in the last week of the month.

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    Cycles point down for the gold market.

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