forex factory trend trading all pairs of consecutive angles
miracle indicator on forex

The operational amplifier integrator is an electronic integration circuit. Based on the operational amplifier op-ampit performs the mathematical operation of integration with respect to time; that is, its output voltage is proportional to the input voltage integrated over time. The integrator circuit is mostly used in analog computersanalog-to-digital converters and wave-shaping circuits.

Forex factory trend trading all pairs of consecutive angles forex vending machine

Forex factory trend trading all pairs of consecutive angles

Caroo Keep connection with a device scalable, it any other malware protection, RDP connections backup, and. If the do not using File the item. It provides any, and been added keep conversations remains satisfactory.

This indicator predicts price reversals well enough allowing traders to catch large movements up to 1 pips with small risks. The red butterfly indicates entering sells given that the price is closed below the rectangle the so-called "reversal zone". The blue butterfly indicates entering buys given. Broken Trends is an indicator for scalpers and intraday traders. The indicator selects and displays trend levels on the chart in the real time mode.

The indicator reacts to price momentum: it starts searching for the trends as soon as the momentum amplitude exceeds the threshold set in a special parameter. The indicator can also play a sound when the price crosses the current trend line. In normal mode, the indicator shows only one last found upward and one downward trend, but there is an adva. Parameters The terminal tab — selecting signals form the terminal data base.

This Expert Advisor is meant to work both with small and large deposits. This depends on your starting lot. The EA uses Blue Butterfly indicator. It seems logical to know when a trade will have the most profit potential. Why waste time trading in less than ideal conditions? This leading indicator provides a detailed analysis of the price movement of a currency, but more importantly PrimeTime's sophisticated algorithm considers each individual period and determines future price activity with a respectable degree of accuracy.

Using PrimeTime you wil. Binary Signal is a highly accurate trend indicator. It allows you to detect the beginning and the end of a trend well in advance. Parameters: MaMethod - Moving Average calculation method, recommended to be set to 1. MaPeriod - Moving Average period, the greater the value, the more accurate the signal; the smaller the value, the more sensitive the signal.

BarsBack - number of bars back in history for plotting indicator signals. Indicator based in Volume Spread Analysis VSA that draws market reversal signals and provides a market strength scanner to be used as a filter. Demo Version In the first initialization in a given pair, it'll take a longer time than usual, as Metatrader needs to download data for the background to be computed.

In the tester, multitimeframe analysis has to be disabled, and as such the signals from the upper timeframes won't appear and the background will only be computed for the current timefram. This is one of my first indicators. Slightly improved. The indicator is based on point and figure chart, but their period is equal to ATR indicator values. Note: The indicator uses closes price, thus it is recommended to consider completed bars. There is a more visual, with the display of lines on the chart and alerts, paid version of XOatrline.

Simple, convenient and reliable indicator of Support and Resistance levels. It does not overload the chart with excessive information and reflects only relevant levels of the current situation on the market. Gets updated once a day. Thick lines mark the most significant levels.

The indicator does not get redrawn at the change of a timeframe. Resistance lines are drawn in red and the lines of support are in blue. Forex is all about entering the trend at an early stage and exiting your trades at the safest spot possible. Mc TREND is a non-repainting indicator that gives very good trend signal and enables you to ride the trend from its early stage. Go long on the up arrow and exit on the down arrow. Go short on the down arrow and exit on the up one.

I recommend ri. This is a panel for manual trading with automatic lot calculation. This article considers capabilities of the MQL5 language from the point of view of the event-driven programming. The greatest advantage of this approach is that the program can receive information about phased implementation of a trade operation. The article also contains an example of receiving and processing information about ongoing trade operation using the TradeTransaction event handler.

In my opinion, such an approach can be used for copying deals from one terminal to another. You can disable the martingale, if you prefer, and only use a StopLoss. The indicator displays great entry signals without lags and draws a horizontal line where flat is detected.

It has been tested on the main currency pairs on M5-H1 time frames. Settings: TradingMode - trading mode available options: aggressive, moderate, safe ; OnAlert - when a signal appears, the indicator will show an alert; OnEmail - when a signal appears, the indicator will send an e-mail; OnNotification - when a signal.

It does not comply with FIFO rules, need leverage minimum, and a low spread broker. Adaptive Scalper Expert Advisor using a smart risk-management system - will automatically detect price movement on 4 time frames and act according to the current condition. It is recommended to use a low spread broker and a VPS. Use it on 15 minutes time frame. For Customers Please write the. The indicator shows favorable points for entering the market. The indicator can be used for scalping on small timeframes and for long-term trading.

Indicator inputs Count bars - bars counted to draw indicator. Optimal value on chart For an EA this value can be reduced to 1, improves testing and optimisation speed Indicator period - bars used for calculations, can be 0 to Deviation, This is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform.

It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone PRZ and finds suitable stop-loss and take-profit levels. The direction is determined by the adaptive system of the Expert Advisor using values of the moving averages. CMI - Profit from trending and ranging markets. The CMI indicator is a two-part system used to trigger both trend and counter-trend trades, that has been introduced by Daniel Fernandez in an article published in Currency Trading Magazine August issue.

It is a simple, yet effective indicator, which gauges whether the market has behaved in a choppy non-directional manner or trending directional manner. CMI calculates the difference between the most recent bar's close and the close n bar. No lagging indicators are used. All trades have tight stops and a genuine way of taking profits. It makes about trades per year, per currency pair.

Never more than 2 trades are opened per currency pair. It is fully optimized for 13 currency pairs: eurusd, eurusd, usdchf, gbpusd, usdcad, audusd, nzdusd, eurjpy, usdjpy, gbpjpy, euraud, eur. This indicator works on two signal lines combined with a channel. It produces a sell or buy signal depending on the lines. As output for an Expert Advisor there are 6 buffers.

The high and low channels, the high and low signal lines and the buy and sell signals themselves. EATChannelSignals works on all periods and all symbols. Three parameters can be changed by the user: Signalline - Moving Average of the signal lines. ChannelAverage - Moving Average of the channel. ChannelWidth - width of the. MasEuro is a fully automated EA that works without human intervention.

EA has complicated logic to perform transactions in the EURUSD market and uses a smart risk-management system that automatically detects price movement on M5 timeframes and acts according to the current condition. TP - take profit.

SL - stop loss. CountOrders - number of opened orders in each direction. MagicNumber - magic number. FirstShift - distance from the current price, at which orders are to be placed. SecondShift - distance between placed ord. Copyist MT4 Universal is a universal trade copier. The copier runs both as the provider of trades master and the receiver of trades slave.

The EA uses multi-level algorithms, whose main task is to achieve the best possible copy speed. It is an excellent indicator for traders who wish to scalp on M1 or M5 time frames; or carry out long-term trend trading on higher time frames such as M15, M30, H1, H4, D1 or W1. Usage BUY when all lines have made a turn upwards, and bid price has moved up above the lines. SELL when all lines have made a turn downwards, and bid price. The "TiModel Tendency" indicator is a ready to use semiautomatic trading system.

Benefits Considers market changes; Only one input parameter; Pattern recognition algorithm is used; Trend "target" and "support" levels are calculated; Trend strength is estimated; Gives comments on trade condition; Contains a separate information menu; A nice color scheme; Works on all markets and instruments.

Strategy Recognizes pattern "Reversal-Impulse-Correction"; Support levels are calculated and set based on. This is a complete oscillator primarily based on Moving Average Convergence Divergence - a tool any trader must have to improve technical analysis. How to use: Please refer to the attached video or watch on YouTube.

Compared to the standard MACD, the product shows better representation of price action. It can be customized into three different drawing modes to easily identify, which data in MACD one looks for. Line Mode is the best in showing divergences Standard mode is the best in showing mar. This is our newer and improved tool to assist you in the Elliott Wave counting, which represents an improved version of the ElliottWaveTool7pasos idea.

The market price is moved by the market makers with large amounts of equity. The only way to understand intentions of big players is to track their activity by concentration of volumes on one level or another. Volume Ticks ResSup draws a level with the maximum concentration of a tick volume since the beginning of a day. In most cases, such level is an actual support or resistance level. History of MQL5. Market Sessions The indicator displays Market Sessions. Bestsellers in the Market:. Lighthouse by Daniel Stein.

Powerplay Trade Manager by Daniel Stein. Manual Trader by Ramil Minniakhmetov. Divergence by Maxim Maslov. The most popular forum topics: How can you prove that this is the real result of expert trading? The indicator is too slow, rewrite the indicator Higher Time Frame Indicator and 12 more Powerplay by Daniel Stein. Trendometer by Rasoul Mojtahedzadeh. Analyzer by Daniel Stein. Divergence Convergence for indicators by Alexander Puzikov.

Stop Loss and Take Profit Scripts A collection of predefined Scripts immediately available for use without having to key-in. Step-by-step instruction how to make your own Scripts from Scripts Collection. Fracture 7. Good Luck. Most read articles this month.

Bleris - Hedging Strategy This strategy uses hedging if trend changes. The most popular forum topics: Attention Contest! There are more than 6 5 5 4 0 topics available on forum. Rebate Robot by Ramil Minniakhmetov FollowLine by Nikolaos Pantzos. Rocha Most read articles this week. Golder by Andrey Kozak Download Download PDF. Translate PDF. Content Page no. Fundamental Analysis. Interest Rates Long-term Market Movers.

News and Market Data. Market Reaction. Market Sentiment. Commitment of Traders Report. Trading the News. Carry Trade. The US Dollar Index. Inter-market Correlations. Gold Correlation. Bonds Correlation. Bond Spreads. The Relationship Between Stocks and Forex. Correlation Between Stocks and Currencies. Inter-market Analysis Cheat Sheet. Country Profiles and Major Economies. United States of America. Euro Zone. United Kingdom. New Zealand.

If you think about it, this makes a whole lot of sense! Just like in your Economics class, it is supply and demand that determines price. Using supply and demand as an indicator of where price could be headed is easy. The hard part is analyzing all the factors that affect supply and demand.

In other words, you have to look at different factors to determine whose economy is rockin' like a Taylor Swift song, and whose economy sucks. You have to understand the reasons of why and how certain events like an increase in unemployment affect a country's economy, and ultimately, the level of demand for its currency. The idea behind this type of analysis is that if a country's current or future economic outlook is good, their currency should strengthen.

The better shape a country's economy is, the more foreign businesses and investors will invest in that country. This results in the need to purchase that country's currency to obtain those assets. In a nutshell, this is what fundamental analysis is: For example, let's say that the U. As the economy gets better, raising interest rates may be needed to control growth and inflation.

Higher interest rates make dollar-denominated financial assets more attractive. In order to get their hands on these lovely assets, traders and investors have to buy some greenbacks first. As a result, the value of the dollar will increase. Later on in the course, you will learn which economic data drives currency prices, and why they do so. You will know who the Fed Chairman is and how retail sales data reflects the economy. You'll be spitting out interest rates like baseball statistics.

But that's for another lesson for another time. For now, just know that the fundamental analysis is a way of analyzing a currency through the strength or weakness of that country's economy. It's going to be awesome, we promise! Fundamental Analysis We already touched upon fundamental analysis in Kindergarten. Now it's time to dig a little deeper! Lessons in Fundamental Analysis 1. What is Fundamental Analysis? If you like analyzing social, economic, and political factors that affect supply and demand, fundamental analysis is for you!

Interest Rates Interest rates changes are one of the biggest fundamental catalyts out there. Heck, you could even say that they make the forex world go 'round! They have full control over monetary policies and their words can move markets in an instant. Long-term Market Movers As with personal relationships, it's important to consider long-term factors in trading. They may hold the key to your happiness!

News and Market Data In forex trading, you've got to keep up to date with the latest news and market data to stay alive. Be in the know by checking out these market info tools! Market Reaction A super duper important report just came out Now what?! Along your travels, you've undoubtedly come across Gulliver, Frodo, and the topic of fundamental analysis.

Wait a minute We've already given you a teaser about fundamental analysis during Kindergarten! Now let's get to the nitty-gritty! What is it exactly and will I need to use it? Well, fundamental analysis is the study of fundamentals!

That was easy, wasn't it? There's really more to it than that. Soooo much more. Whenever you hear people mention fundamentals, they're really talking about the economic fundamentals of a currency's host country or economy. Economic fundamentals cover a vast collection of information - whether in the form of economic, political or environmental reports, data, announcements or events.

Fundamental analysis is the use and study of these factors to forecast future price movements of currencies. It is the study of what's going on in the world and around us, economically and financially speaking, and it tends to focus on how macroeconomic elements such as the growth of the economy, inflation, unemployment affect whatever we're trading. Fundamental Data and Its Many Forms In particular, fundamental analysis provides insight into how price action "should" or may react to a certain economic event.

Fundamental data takes shape in many different forms. It can appear as a report released by the Fed on U. It can also exist in the possibility that the European Central Bank will change its monetary policy. The release of this data to the public often changes the economic landscape or better yet, the economic mindset , creating a reaction from investors and speculators.

There are even instances when no specific report has been released, but the anticipation of such a report happening is another example of fundamentals. Speculations of interest rate hikes can be "priced in" hours or even days before the actual interest rate statement.

In fact, currency pairs have been known to sometimes move pips just moments before major economic news, making for a profitable time to trade for the brave. That's why many traders are often on their toes prior to certain economic releases and you should be too!

Generally, economic indicators make up a large portion of data used in fundamental analysis. Like a fire alarm sounding when it detects smoke or feels heat, economic indicators provide some insight into how well a country's economy is doing. While it's important to know the numerical value of an indicator, equally as important is the market's anticipation and prediction of that value.

Understanding the resulting impact of the actual figure in relation to the forecasted figure is the most important part. These factors all need consideration when deciding to trade. Don't worry. It's simpler than it sounds and you won't need to know rocket science to figure it all out. I suggest you visit Pip Diddy's daily economic roundup every day so that you can stay in the loop with the upcoming economic releases.

Fundamental analysis is a valuable tool in estimating the future conditions of an economy, but not so much for predicting currency price direction. This type of analysis has a lot of gray areas because fundamental information in the form of reports releases or monetary policy change announcements is vaguer than actual technical indicators. Analysis of economic releases and reports of fundamental data usually go something like this: "An interest rate increase of that percentage MAY cause the euro to go up.

The market has a tendency to react based on how people feel. These feelings can be based on their reaction to economic reports, based on their assessment of current market conditions. And you guessed it - there are tons of people, all with different feelings and ideas. You're probably thinking "Geez, there's a lot of uncertainty in fundamental analysis! That's not saying that fundamental analysis should be dismissed. Not at all. Because of the sheer volume of fundamental data available, most people simply have a hard time putting it all together.

They understand a specific report, but can't factor it into the broader economic picture. This simply takes time and a deeper understanding of the data. Also, since most fundamental data are reported only for a single currency, fundamental data for the other currency in the pair would also be needed and would then have to be compared to get an accurate picture.

If you're too busy to go through a bajillion news reports and economic data, don't fret. Our resident economic guru, Forex Gump, got yo back covered! Make sure you read up on his regular economic analysis on his Piponomics blog.

As we mentioned from the get-go, it's all about pairing a strong currency with a weak one. At this point, you're probably still waiting for the answer to "Will I ever need to use fundamental analysis to become a successful trader? Technical analysis seems to be the preferred methodology of short-term traders, with price action as their main focus. Intermediate or medium traders and some long-term traders like to focus on fundamental analysis too because it helps with currency valuation.

We like to be a little crazy by saying you should use BOTH! Technically-focused strategies are blown to bits when a key fundamental event occurs. In the same respect, pure fundamental traders miss out on the short term opportunities that pattern formations and technical levels bring. A mix of technical and fundamental analysis covers all angles. You're aware of the scheduled economic releases and events, but you can also identify and use the various technical tools and patterns that market players focus on.

I have a couple of trade examples for you showing how the perfect blend of fundamental and technical analysis results in huge profits. There's your answer! In this lesson, we'll discuss the major fundamental factors that affect currencies. These are interest rates, monetary policies, and market-moving economic reports. As I mentioned earlier, Pip Diddy's daily economic roundup is a great source of economic updates.

Combine that with Forex Gump's in depth Piponomics articles and fundamental analysis will be a breeze! Interest Rates Simply put, interest rates make the forex world go 'round! In other words, the forex market is ruled by interest rates.

A currency's interest rate is probably the biggest factor in determining the perceived value of a currency. So knowing how a country's central bank sets its monetary policy, such as interest rate decisions, is a crucial thing to wrap your head around. One of the biggest influences on a central bank's interest rate decision is price stability, or "inflation". Inflation is a steady increase in the prices of goods and services.

Inflation is the reason why your parents or your parents' parents paid a nickel for a soda pop in the 's, but now people pay twenty times more for the same product. It's generally accepted that moderate inflation comes with economic growth. However, too much inflation can harm an economy and that's why central banks are always keeping a watchful eye on inflation-related economic indicators, such as the CPI and PCE.

This occurs because setting high interest rates normally forces consumers and businesses to borrow less and save more, putting a damper on economic activity. Loans just become more expensive while sitting on cash becomes more attractive. On the other hand, when interest rates are decreasing, consumers and businesses are more inclined to borrow because banks ease lending requirements , boosting retail and capital spending, thus helping the economy to grow.

What does this have to do with the forex market? Well, currencies rely on interest rates because these dictate the flow of global capital into and out of a country. They're what investors use to determine if they'll invest in a country or go elsewhere. Neither, you say? Yea, we're inclined to go the same route - keep the money under the mattress, ya know what we mean?

We hope so Currencies work the same way! The higher a country's interest rate, the more likely its currency will strengthen. Currencies surrounded by lower interest rates are more likely to weaken over the longer term. Pretty simple stuff. The main point to be learned here is that domestic interest rates directly affect how global market players feel about a currency's value relative to another.

Interest rate expectations Markets are ever-changing with the anticipation of different events and situations. Interest rates do the same thing - they change - but they definitely don't change as often. Most traders don't spend their time focused on current interest rates because the market has already "priced" them into the currency price.

It's also important to know that interest rates tend to shift in line with monetary policy, or more specifically, with the end of monetary cycles. If rates have been going lower and lower over a period a time, it's almost inevitable that the opposite will happen. Rates will have to increase at some point. And you can count on the speculators to try to figure out when that will happen and by how much. The market will tell them; it's the nature of the beast. A shift in expectations is a signal that a shift in speculation will start, gaining more momentum as the interest rate change nears.

While interest rates change with the gradual shift of monetary policy, market sentiment can also change rather suddenly from just a single report. This causes interest rates to change in a more drastic fashion or even in the opposite direction as originally anticipated. So you better watch out! Rate Differentials Pick a pair, any pair.

Many forex traders use a technique of comparing one currency's interest rate to another currency's interest rate as the starting point for deciding whether a currency may weaken or strengthen. The difference between the two interest rates, known as the "interest rate differential," is the key value to keep an eye on.

This spread can help you identify shifts in currencies that might not be obvious. An interest rate differential that increases helps to reinforce the higher-yielding currency, while a narrowing differential is positive for the lower-yielding currency. Instances where the interest rates of the two countries move in opposite directions often produce some of the market's largest swing.

An interest rate increase in one currency combined with the interest rate decrease of the other currency is a perfect equation for sharp swings! Nominal vs. Real When people talk about interest rates, they are either referring to the nominal interest rate or the real interest rate. What's the difference? The nominal interest rate doesn't always tell the entire story.

The nominal interest rate is the rate of interest before adjustments for inflation. Markets, on the other hand, don't focus on this rate, but rather on the real interest rate. That's a huge difference so always remember to distinguish between the two. Central banks and monetary policy go hand-in-hand, so you can't talk about one without talking about the other.

While some of these mandates and goals are shared by the different central banks. Central banks have their own unique set of goals brought on by their distinctive economies. Ultimately, monetary policy boils down to promoting and maintaining price stability and economic growth.

Contractionary or restrictive monetary policy takes place if it reduces the size of the money supply. It can also occur with the raising of interest rates. The idea here is to slow economic growth with the high interest rates. Borrowing money becomes harder and more expensive, which reduces spending and investment by both consumers and businesses. Expansionary monetary policy, on the other hand, expands or increases the money supply, or decreases the interest rate.

The cost of borrowing money goes down in hopes that spending and investment will go up. Accommodative monetary policy aims to create economic growth by lowering the interest rate, whereas tight monetary policy is set to reduce inflation or restrain economic growth by raising interest rates.

Finally, neutral monetary policy intends to neither create growth nor fight inflation. They might not come out and say it specifically, but their monetary policies all operate and focus on reaching this comfort zone. They know that some inflation is a good thing, but out-of-control inflation can remove the confidence people have in their economy, their job, and ultimately, their money.

By having target inflation levels, central banks help market participants better understand how they the central bankers will deal with the current economic landscape. Let's take a look at an example. Back in January of , inflation in the U. Mervyn King, the governor of the BOE, followed up the report by reassuring people that temporary factors caused the sudden jump, and that the current inflation rate would fall in the near term with minimal action from the BOE.

Whether or not his statements turned out to be true is not the point here. We just want to show that the market is in a better place when it knows why the central bank does or doesn't do something in relation to its target interest rate. Simply put, traders like stability. Central banks like stability.

Economies like stability. Knowing that inflation targets exist will help a trader to understand why a central bank does what it does. It was the craziest thing to come out of the Fed ever, and the financial world was in an uproar! Wait, you don't remember this happening? It was all over the media. Petroleum prices went through the roof and milk was priced like gold.

You must have been sleeping! Oh wait, we were just pulling your leg! We just wanted to make sure you were still awake. Monetary policy would never dramatically change like that. Most policy changes are made in small, incremental adjustments because the bigwigs at the central banks would have utter chaos on their hands if interest rates changed too radically. Just the idea of something like happening would disrupt not only the individual trader, but the economy as a whole. That's why we normally see interest rate changes of.

Again, remember that central banks want price stability, not shock and awe. Part of this stability comes with the amount of time needed to make these interest rate changes happen. It can take several months to even several years. Just like traders who collect and study data to make their next move, central bankers do a similar job, but they have to focus their decision-making with the entire economy in mind, not just a single trade.

Interest rate hikes can be like stepping on the accelerator while interest rate cuts can be like hitting the brakes, but bear in mind that consumers and business react a little more slowly to these changes. This lag time between the change in monetary policy and the actual effect on the economy can take one to two years. The Who's Who of the Central Bank We just learned that currency prices are affected a great deal by changes in a country's interest rates.

We now know that interest rates are ultimately affected by a central bank's view on the economy and price stability, which influence monetary policy. Central banks operate like most other businesses in that they have a leader, a president or a chairman. It's that individual's role to be the voice of that central bank, conveying to the market which direction monetary policy is headed.

And much like when Steve Jobs or Michael Dell steps to the microphone, everyone listens. Using the Complex conjugate root theorem, the answer is yes! Yes, it's important to know what's coming down the road regarding potential monetary policy changes. And lucky for you, central banks are getting better at communicating with the market. Whether you actually understand what they're saying, well that's a different story.

Better yet, use the trusty BabyPips. While the central bank Chairman isn't the only one making monetary policy decisions for a country or economy, what he or she has to say is only not ignored, but revered like the gospel. Okay, maybe that was a bit dramatic, but you get the point. Not all central bank officials carry the same weight. Central bank speeches have a way of inciting a market response, so watch for quick movement following an announcement.

Speeches can include anything from changes increases, decreases or holds to current interest rates, to discussions about economic growth measurements and outlook, to monetary policy announcements outlining current and future changes. But don't despair if you can't tune in to the live event. As soon as the speech or announcement hits the airwaves, news agencies from all over make the information available to the public. Currency analysts and traders alike take the news and try to dissect the overall tone and language of the announcement, taking special care to do this when interest rate changes or economic growth information are involved.

Much like how the market reacts to the release of other economic reports or indicators, currency traders react more to central bank activity and interest rate changes when they don't fall in line with current market expectation. It's getting easier to foresee how a monetary policy will develop over time, due to an increasing transparency by central banks. Yet there's always a possibility that central bankers will change their outlook in greater or lesser magnitude than expected.

It's during these times that marketing volatility is high and care should be taken with existing and new trade positions. Los Angeles Hawks vs. Tonight's match puts the L. Hawks up against the N. You're in for a treat. Wait, what?! Whoops sorry, wrong subject. We really just meant hawks versus doves, central bank hawks versus central bank doves that is. Central bankers can be viewed as either hawkish or dovish, depending on how they approach certain economic situations. Central bankers are described as "hawkish" when they are in support of the raising of interest rates to fight inflation, even to the detriment of economic growth and employment.

For example, "The Bank of England suggests the existence of a threat of high inflation. Dovish central bankers, on the other hand, generally favor economic growth and employment over tightening interest rates. They also tend to have a more non-aggressive stance or viewpoint regarding a specific economic event or action.

And the winner is It's a tie! Well, sort of. You'll find many a banker "on the fence", exhibiting both hawkish and dovish tendencies. However, true colors tend to shine when extreme market conditions occur. Long-term Market Movers There are several fundamentals that help shape the long term strength or weakness of the major currencies.

We've included what we think are the most important, for your reading pleasure: Economic Growth and Outlook We start easy with the economy and outlook held by consumers, businesses and the governments. It's easy to understand that when consumers perceive a strong economy, they feel happy and safe, and they spend money. Companies willingly take this money and say, "Hey, we're making money! And all this creates some healthy tax revenue for the government.

They jump on board and also start spending money. Now everybody is spending, and this tends to have a positive effect on the economy. But you get the idea. Both positive and negative economic outlooks can have a direct effect on the currency markets. Capital Flows Globalization, technology advances and the internet have all contributed to the ease of investing your money virtually anywhere in the world, regardless of where you call home. You're only a few clicks of the mouse away or a phone call for you folks living in the Jurassic era of the 's from investing in the New York or London Stock exchange, trading the Nikkei or Hang Seng index, or from opening a forex account to trade U.

Capital flows measure the amount of money flowing into and out of a country or economy because of capital investment purchasing and selling. The important thing you want to keep track of is capital flow balance, which can be positive or negative. When a country has a positive capital flow balance, foreign investments coming into the country are greater than investments heading out of the country. A negative capital flow balance is the direct opposite.

Investments leaving the country for some foreign destination are greater than investments coming in. With more investment coming into a country, demand increases for that country's currency as foreign investors have to sell their currency in order to buy the local currency. This demand causes the currency to increase in value. Simple supply and demand. And you guessed it, if supply is high for a currency or demand is weak , the currency tends to lose value.

When foreign investments make an about-face, and domestic investors also wants to switch teams and leave, and then you have an abundance of the local currency as everybody is selling and buying the currency of whatever foreign country or economy they're investing in.

Foreign capital love nothing more than a country with high interest rates and strong economic growth. If a country also has a growing domestic financial market, even better! A booming stock market, high interest rates What's not to love?! Foreign investment comes streaming in. And again, as demand for the local currency increases, so does its value.

Countries sell their own goods to countries that want them exporting , while at the same time buying goods they want from other countries importing. Have a look around your house. Most of the stuff electronics, clothing, doggie toys lying around are probably made outside of the country you live in.

Every time you buy something, you have to give up some of your hard-earned cash. Whoever you buy your widget from has to do the same thing. And Chinese imports exchange money with European exporters when they buy goods. All this buying and selling is accompanied by the exchange of money, which in turn changes the flow of currency into and out of a country.

Trade balance or balance of trade or net exports measures the ratio of exports to imports for a given economy. It demonstrates the demand of that country's good and services, and ultimately it's currency as well. If exports are higher than imports, a trade surplus exists and the trade balance is positive.

If imports are higher than exports, a trade deficit exists, and the trade balance is negative. Net importers first have to sell their currency in order to buy the currency of the foreign merchant who's selling the goods they want. When there's a trade deficit, the local currency is being sold to buy foreign goods. Because of that, the currency of a country with a trade deficit is less in demand compared to the currency of a country with a trade surplus.

Net exporters, countries that export more than they import, see their currency being bought more by countries interested in buying the exported goods. It's all due to the demand of the currency. Currencies in higher demand tend to be valued higher than those in less demand. It's similar to pop stars. Because she's more in demand, Lady Gaga gets paid more than Britney Spears.

Same thing with Justin Bieber versus Vanilla Ice. The Government: Present and Future The years and have definitely been the years where more eyes were glaringly watching their respective country's governments, wondering about the financial difficulties being faced, and hoping for some sort of fiscal responsibility that would end the woes felt in our wallets.

Instability in the current government or changes to the current administration can have a direct bearing on that country's economy and even neighboring nations. And any impact to an economy will most likely affect exchange rates. That's right! No wonder you're here to get some education!

There's just way too much information to try to process and way too many things to confuse any newbie trader. That's some insane information overload if we've ever seen it. But information is king when it comes to making successful trades. Price moves because of all of this information: economic reports, a new central bank chairperson, and interest rate changes. News moves fundamentals and fundamentals move currency pairs!

It's your goal to make successful trades and that becomes a lot easier when you know why price is moving that way it is. Successful traders weren't born successful; they were taught or they learned. Successful traders don't have mystical powers well, except for Pipcrawler, but he's more weird than he is mystical and they can't see the future. What they can do is see through the blur that is forex news and data, pick what's important to traders at the moment, and make the right trading decisions.

Where to Go for Market Information Market news and data is made available to you through a multitude of sources. The internet is the obvious winner in our book, as it provides a wealth of options, at the speed of light, directly to your screen, with access from almost anywhere in the world. But don't forget about print media and the good old tube sitting in your living room or kitchen. Individual traders will be amazed at the sheer number of currency-specific websites, services, and TV programming available to them.

Most of them are free of charge, while you may have to pay for some of the others. Let's go over our favorites to help you get started. Websites Our top pick of a forex news-specific website is FreshPips. Make a mental note that the name of the website is eerily similar to the one you're currently on. Oh wait, FreshPips.

We're not ashamed about promoting FreshPips. Put on this planet to help you unearth and share interesting and useful forex news and research, handpicked from the web by forex traders, from the biggest news sites to little known blogs, FreshPips. It covers the areas of analysis, commentary, economic indicators, psychology, and specific currencies. Traditional Financial News Sources While there are tons of financial news resources out there, we advise you to stick with the big names.

These guys provide around-the-clock coverage of the markets, with daily updates on the big news that you need to be aware of, such as central bank announcements, economic report releases and analysis, etc. Many of these big players also have institutional contacts that provide explanations about the current events of the day to the viewing public. Financial TV networks exist 24 hours a day, seven days a week to provide you up-to-the-minute action on all of the world's financial markets.

In the U. You could even throw a little BBC in there. Another option for real-time data comes from your trading platform. Many brokers include live newsfeeds directly in their software to give you easy and immediate access to events and news of the currency market. Check your broker for availability of such features not all brokers features are created equally.

It's all possible with an economic calendar. The good ones let you look at different months and years, let you sort by currency, and let you assign your local time zone. Yes, economic events and data reports take place more frequently than most people can keep up with.

This data has the potential to move markets in the short term and accelerate the movement of currency pairs you might be watching. Lucky for you, most economic news that's important to forex traders is scheduled several months in advance. So which calendar do we recommend? We look no further than our very own BabyPips. If you don't like ours which we highly doubt , a simple Yahoogleing search will offer up a nice collection for you to examine.

Market Information Tips Keep in mind the timeliness of the reports you read. A lot of this stuff has already occurred and the market has already adjusted prices to take the report into account. If the market has already made its move, you might have to adjust your thinking and current strategy. Keep tabs on just how old this news is or you'll find yourself "yesterday's news.

Economic data rumors do exist, and they can occur minutes to several hours before a scheduled release of data. The rumors help to produce some short-term trader action, and they can sometimes also have a lasting effect on market sentiment. Institutional traders are also often rumored to be behind large moves, but it's hard to know the truth with a decentralized market like spot forex.

There's never a simple way of verifying the truth. Your job as a trader is to create a good trading plan and quickly react to such news about rumors, after they've been proven true or false. Having a well-rounded risk management plan in this case could save you some moolah! And the final tip: Know who is reporting the news.

Are we talking analysts or economists, economist or the owner of the newest forex blog on the block? Maybe a central bank analyst? The more reading and watching you do of forex news and media, the more finance and currency professionals you'll be exposed to. Are they offering merely an opinion or a stated fact based on recently released data? The more you know about the "Who", the better off you will be in understanding how accurate the news is. Those who report the news often have their own agenda and have their own strengths and weaknesses.

Get to know the people that "know", so YOU "know". Can you dig it? Market Reaction There's no one "All in" or "Bet the Farm" formula for success when it comes to predicting how the market will react to data reports or market events or even why it reacts the way it does.

You can draw on the fact that there's usually an initial response, which is usually short-lived, but full of action. Later on comes the second reaction, where traders have had some time to reflect on the implications of the news or report on the current market.

It's at this point when the market decides if the news release went along with or against the existing expectation, and if it reacted accordingly. Was the outcome of the report expected or not? And what does the initial response of the market tell us about the bigger picture? Answering those questions gives us place to start interpreting the ensuing price action. Consensus Expectations A consensus expectation, or just consensus, is the relative agreement on upcoming economic or news forecasts.

Economic forecasts are made by various leading economists from banks, financial institutions and other securities related entities. Your favorite news personality gets into the mix by surveying her in-house economist and collection of financial sound "players" in the market. All the forecasts get pooled together and averaged out, and it's these averages that appear on charts and calendars designating the level of expectation for that report or event.

The consensus becomes ground zero; the incoming, or actual data is compared against this baseline number. Whether or not incoming data meets consensus is an important evaluation for determining price action. Just as important is the determination of how much better or worse the actual data is to the consensus forecast. Larger degrees of inaccuracy increase the chance and extent to which the price may change once the report is out.

However, let's remember that forex traders are smart, and can be ahead of the curve. Well the good ones, anyway. Many currency traders have already "priced in" consensus expectations into their trading and into the market well before the report is scheduled, let alone released. As the name implies, pricing in refers to traders having a view on the outcome of an event and placing bets on it before the news comes out. The more likely a report is to shift the price, the sooner traders will price in consensus expectations.

How can you tell if this is the case with the current market? Well, that's a tough one. You can't always tell, so you have to take it upon yourself to stay on top of what the market commentary is saying and what price action is doing before a report gets released.

This will give you an idea as to how much the market has priced in. A lot can happen before a report is released, so keep your eyes and ears peeled. Market sentiment can improve or get worse just before a release, so be aware that price can react with or against the trend.

There is always the possibility that a data report totally misses expectations, so don't bet the farm away on the expectations of others. When the miss occurs, you'll be sure to see price movement occur. Help yourself out for such an event by anticipating it and other possible outcomes to happen. Play the "what if" game. Ask yourself, "What if A happens? What if B happens? How will traders react or change their bets?

What if the report comes in under expectation by half a percent? How many pips down will price move? What would need to happen with this report that could cause a 40 pip drop? Come up with your different scenarios and be prepared to react to the market's reaction. Being proactive in this manner will keep you ahead of the game. What the Deuce? They Revised the Data? Now what? Too many questions But that's right, economic data can and will get revised.

That's just how economic reports roll! As stated, this report comes out monthly, usually included with it are revisions of the previous month's numbers. We'll assume that the U. It's now February, and NFP is expected to decrease by another 35, But the incoming NFP actually decreases by only 12,, which is totally unexpected. Also, January's revised data, which appears in the February report, was revised upwards to show only a 20, decrease.

As a trader you have to be aware of situations like this when data is revised. Not having known that January data was revised, you might have a negative reaction to an additional 12, jobs lost in February. That's still two months of decreases in employment, which ain't good. However, taking into account the upwardly revised NFP figure for January and the better than expected February NFP reading, the market might see the start of a turning point.

The state of employment now looks totally different when you look at incoming data AND last month's revised data. Be sure not only to determine if revised data exists, but also note the scale of the revision. Bigger revisions carry more weight when analyzing the current data releases. Revisions can help to affirm a possibly trend change or no change at all, so be aware of what's been released.

Market Sentiment The market has feelings too, you know. Get ready to learn all about market sentiment! Lessons in Market Sentiment 1. What is Market Sentiment Every trader has his own opinion about the market. The combined feeling that market participants have, that's what you call market sentiment, young Padawan. Commitment of Traders Report Gauging market sentiment may not be as difficult as you think. How do you get a hold of the COT report? It's as easy as , baby!

Understanding the Three Groups Meet the different playas in the futures trading field: hedgers, large speculators, and small speculators! The COT report looks like a giant gobbled-up block of text. But don't fret! There's actually a pretty simple way to use it.

Picking Tops and Bottoms When the market sentiment shifts, should you go with the speculators or the hedgers? Are you ready to create your very own COT indicator? Getting Down and Dirty with the Numbers Put your thinking caps on because we're gonna get down and dirty with the numbers to calculate for the percentage of speculative positions! What is Market Sentiment How's Mr. Market Feeling? Every trader will always have an opinion about the market.

I'm pretty bullish on the markets right now. When trading, traders express this view in whatever trade he takes. But sometimes, no matter how convinced a trader is that the markets will move in a particular direction, and no matter how pretty all the trend lines line up, the trader may still end up losing.

A trader must realize that the overall market is a combination of all the views, ideas and opinions of all the participants in the market. That's right This combined feeling that market participants have is what we call market sentiment. It is the dominating emotion or idea that the majority of the market feels best explains the current direction of the market. How to Develop a Sentiment-Based Approach As a trader, it is your job to gauge what the market is feeling.

Are the indicators pointing towards bullish conditions? Are traders bearish on the economy? We can't tell the market what we think it should do. But what we can do is react in response to what is happening in the markets. Note that using the market sentiment approach doesn't give a precise entry and exit for each trade. But don't despair!

Having a sentiment-based approach can help you decide whether you should go with the flow or not. Of course, you can always combine market sentiment analysis with technical and fundamental analysis to come up with better trade ideas. In stocks and options, traders can look at volume traded as an indicator of sentiment.

If a stock price has been rising, but volume is declining, it may signal that the market is overbought. Or if a declining stock suddenly reversed on high volume, it means the market sentiment may have changed from bearish to bullish. Unfortunately, since the foreign exchange market is traded over-the-counter, it doesn't have a centralized market. This means that the volume of each currency traded cannot be easily measured.

Without any tools to measure volume, how can a trader measure market sentiment?! This is where the Commitment of Traders report comes in! Because the COT measures the net long and short positions taken by speculative traders and commercial traders, it is a great resource to gauge how heavily these market players are positioned in the market. Later on, we'll let you meet these market players.

These are the hedgers, large speculators, and retail traders. Just like players in a team sport, each group has its unique characteristics and roles. By watching the behavior of these players, you'll be able to foresee incoming changes in market sentiment. You're probably asking yourself, "Why the heck do I need to use data from the FX futures market? Activity in the futures market doesn't involve me. So what's the closest thing we can get our hands on to see the state of the market and how the big players are moving their money?

Yep, you got it The Commitment of Traders report from the futures market. Step 3: It may seem a little intimidating at first because it looks like a big giant gobbled-up block of text but with a little bit of effort, you can find exactly what you're looking for. To find the British Pound Sterling, or GBP, for example, just search up "Pound Sterling" and you'll be taken directly to a section that looks something like this: Yowza! What the heck is this?!

We'll explain each category below. For the most part, these are traders who looking to trade for speculative gains. In other words, these are traders just like you who are in it for the Benjamins! If you want to access all available historical data, you can view it here. You can see a lot of things in the report but you don't have to memorize all of it.

As a budding trader, you'll only be focusing on answering the basic question: "Wat da dilly on da market yo?! These players could be categorized into three basic groups: 1. Commercial traders Hedgers 2. Non-commercial traders Large Speculators 3. Retail traders Small Speculators Don't Skip the Commercial - The Hedgers Hedgers or commercial traders are those who want to protect themselves against unexpected price movements. Agricultural producers or farmers who want to hedge minimize their risk in changing commodity prices are part of this group.

Banks or corporations who are looking to protect themselves against sudden price changes in currencies or other assets are also considered commercial traders. A key characteristic of hedgers is that they are most bullish at market bottoms and most bearish at market tops. What the hedgehog does this mean?

Here's a real life example to illustrate: There is a virus outbreak in the U. Zombies run amok doing malicious things like grabbing strangers' iPhones to download fart apps. It's total mayhem as people become disoriented and helpless without their beloved iPhones. This must be stopped now before the nation crumbles into oblivion! Guns and bullets apparently don't work on the zombies. The only way to exterminate them is by chopping their heads off. Apple sees a "market need" and decides to build a private Samurai army to protect vulnerable iPhone users.

It needs to import samurai swords from Japan. Steve Jobs contacts a Japanese samurai swordsmith who demands to be paid in Japanese yen when he finishes the swords after three months. In order to protect itself, or rather, hedge against currency risk, the firm buys JPY futures. In It to Win It - The Large Speculators In contrast to hedgers, who are not interested in making profits from trading activities, speculators are in it for the money and have no interest in owning the underlying asset!

Many speculators are known as hardcore trend followers since they buy when the market is on an uptrend and sell when the market is on a downtrend. They keep adding to their position until the price movement reverses. Large speculators are also big players in the futures market since they hold huge accounts.

As a result, their trading activities can cause the market to move dramatically. They usually follow moving averages and hold their positions until the trend changes. Cannon fodders - The Small Speculators Small speculators, on the other hand, own smaller retail accounts.

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Consecutive of factory trend angles all pairs trading forex analytics for forex

How to use The Forex Factory Economic Calendar

You will notice when you do this that the price tends to form a down channel at one angle and an up channel at a different angle. I usually set. So if you find a consecutive HH-HL-HH, you have an uptrend. If a single "big" timeframe sets the trend for all time frames below it. Hi guys,. I've opened this thread in order to find experienced people who have studied on trend lines and use them as their analysis of the market.