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You are here: Home / Archives for price movement

Snake and the Wave

March 2, 2015 By Hung Vu Leave a Comment

Time Frame 5min or higher (work best 4H yime frame).
Currency pairs:any.

Metatrader Indicators:
Market Price
Price channel Stop,

SHI Silver Trend(to show the top or bottom of price movement),
Snake Borders, (In snakeborders, red color indicate pressure of downtrend, blue color indicates pressure of uptrend, silver indicate neutral),
Snake Force(to show the trend, green indicates uptrend, red indicates downtrend),
Status monitor,
TangaJiwa (to show the top or bottom of price movement),

Buy
Prive channel stop blue dot buyl after red chain penetrated by up movement price and show the blue chain below, buy according to the visualization of snake force. Green indicates up trend.

Sell
Sell after blue chain penetrated by down movement price and show the red chain above buy according to the visualization of snake force and red indicates downtrend.

Exit position
1)when appears opposite dot of the prive channel
2)At the Support o resistance levels
3) Profit Target predetermined, depends by time frame and currency, or ratio 1:5 stop loss.
4) Stop loss on the previous swing.

[Read more…]

Filed Under: Forex Scalping Strategies Tagged With: Market Price Price channel, price movement, Snake

Bolly Band Bounce Trade

February 26, 2015 By Hung Vu Leave a Comment

Trading Bollinger band bounces and retests in a ranging market. Just because price is range bound doesn’t mean you have to be without trading opportunities!

Trading an obvious trend is a lot more straightforward than trading when price is range bound, or appearing to move sideways. Many traders actually pass on the possibility of trading at all in a range bound market, standing aside until price once more takes on a definite trend. There are however strategies for coping with this much more restricted range of price movement. This free strategy is offered as one such approach.

The Bolly Band Bounce is based on the observed behaviour of price where the Bollinger bands form a kind of limit for short-term price movement. In this respect Bollinger bands are well named, in that they almost exhibit the elasticity characteristics of rubber bands. Price will approach an outer band, encounter resistance and snap back towards the opposite band.

One way to make use of this behaviour is to trade the bounces at the outer bands. This is not very effective in a sharply trending market, but when the market is in a range it can be very effective indeed for short-term scalps.

The first thing you must do when looking to trade this strategy is to determine that price is indeed in a range. There are many ways to do this but with Bollinger bands I find the simplest is to check if price is staying on one side or the other of the mid-band. If so, and price is making consistently lower lows then price is trending down. And the opposite of course applies for an uptrend: if price is staying above the mid-band and making consistently higher highs then we are in an uptrend.

The following illustration shows price in a down trend at the left of the screen turning into a trending market at the right:

Free Forex Strategy Number Three: Bollinger Bands in a Down Trend Turning to a Trending Market

Free Forex Strategy #3: Bollinger Bands Trending Turn to Ranging

[Read more…]

Filed Under: Forex Tutorials Tagged With: Bollinger band, Bollinger Bands, confluence, price movement, Scalping, Trading strategy

Elliott Waves Indicator – indicator for MetaTrader 4

February 24, 2015 By Hung Vu 1 Comment

Author:

Vladimir Hlystov

Description:

The indicator doesn’t draw the Elliott waves, but it helps you to define them.

Lets consider how does it works:

1. The WAVE. The first, you should draw any trend line using Fractals and define its name it in the following form : “1<space>*****”, for exampe: “1 wave“. After the first tick, or if you don’t want to wait for it, update it using the right mouse button you will get the picture like this:

[Read more…]

Filed Under: Elliott Waves Indicators Tagged With: fractal, Indicator, price movement

Half Trend TD

February 23, 2015 By Hung Vu Leave a Comment

Half Trend TD is a swing trend following system filtered by long term and medium term indicator.
Time Frame 240 min or daily.
Currency pairs:any.
Setting Metatrader indicators:
Half Trend Td amplitude 2.
Long Term filter indicator (Weekly time frame)
Medium term filter indicator ( current time frame) joker filter.
Supporting ADX 12 period with 22 level and smoothed moving average 3 period. [Read more…]

Filed Under: Forex Scalping Strategies Tagged With: Average, Long Term filter, Medium term filter, Metatrader Indicators, price movement, term indicator, Trading System

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