Moving Averages are just another level/indication, and there are many ways (i.e. methods/formulas) to determine a level/indication (e.g. S&R, round numbers, Fibonacci levels etc , etc) of where price has been. Some may also make the case that it can ...

There is no Magic Moving Average - You need only one

If you look in the dictionary the term trend is the "general direction that something is developing or changing". As such a trend can be applied equally to fundamentals as it can to technicals. For example, the current trend is for FOMC to raise ...

Trend Trading

Dorst its right there url

News trading discussion - continuation

If you are having trouble seeing Monthly and Daily trend directions, then you can use the attached indicator - its simple, but reasonably effective. Just select Daily and monthly as true, the rest false. You can place it in any corner of the chart ...

May's Trend System (indicatorless trading)

A straddle (pending) trade works well when there is a single news event happening at the designated time and there is a miss on expectations. So Canadian CPI was a good time to use a straddle. One trick is to move (drag) the pendings closer to price ...

News trading discussion - continuation

Zach Have back-tested a few days and it looks interesting. Will start to forward test. One question I have is regarding the 9 pairs that you have selected to trade - is this based on past results? In looking at the pairs I see some that would move ...

Simple Breakout System By Zach

If you are looking for a sessions indicator this is my favourite I simply use the vertical lines for the session start time and turn the rest off. I like it because it doesn't color up my chart too much.

Simple Breakout System By Zach

Summer Hours is GMT 9pm to 5 am is from 2 pm EST (NY close/Sydney open) to 10pm EST (1 hour before FF open; 2 hours before London open). Hope that helps

Simple Breakout System By Zach

Fish You are obviously looking at price action much earlier than the last 1-2 bars . Maybe the first signal was the price run-up and then the big drop in price at the end of yesterday. So today you were looking for a signal to short. The first ...

News trading discussion - continuation

Thanks Rising Sun - will give it a read. Cheers

News trading discussion - continuation

Hey, I was never trying to say that it was perfect I am just trying to determine if price action prior to the release is reflective of some people getting the news a few minutes earlier than others. If the hypothesis is correct then there is a ...

News trading discussion - continuation

IC Markets. It doesn't have to be a pin exactly, but a bar where sellers in this case gain control esp in the last 15-30 sec of the 1 min bar.

News trading discussion - continuation

UK Services PMI. There goes that 1 min pin bar again!. There was another one at the 5 min candle prior to the news as well (my first signal).

News trading discussion - continuation

Isn't 50% the same as a coin toss?

Prediction of price moves during Red impact news

I am guessing the signal was the rapid price rise of 30 pips in the USDJPY at the Asian open for no good reason (JPN/Tokio CPI numbers were mixed). The pivot resistance and daily trend-line resistance was at around 111.66 (some confluence there). ...

News trading discussion - continuation

Fish, what are you trying to say - you knew the result of NFP in the Asian session Or did you see something else going on - S/R trade off that 111.50 level or a strength meter cross perhaps?

News trading discussion - continuation

Just building on the previous post, for the UK Manufacturing PMI this week the "pin bar" where buyers were taking control was the bar 2 min prior to the news release, rather than the 1 min bar. The 1 min bar of course further confirmed buyers were ...

News trading discussion - continuation

Thought I would post something slightly different this time - the anatomy of the NFP price action today - in particular the minute prior to the news release. In looking at a number of past red news events I have seen this particular price action ...

News trading discussion - continuation

I wasn't around to trade the ADP Non-Farm Employment Change today. However, when I look at the price action on the 1 minute bar prior to the news it looks like it would have been a sell signal (bar opened on the high and closed on the low - sellers ...

News trading discussion - continuation