Tag Archives: Price

General Business

Price Action And Understanding Multiple Market Modes Using Trade Station Indicators

Advanced TradeStation indicators can provide multiple time frame (MTF) price action.  Price action is undisputedly the most important fact in trading.  If you use multiple time frames to track price action you will increase the effectiveness of your trading edge many fold.  The interaction of the different time frames provides great information regarding which market mode you are trading.  This article will explain how MTF price indicator will tell you what market mode you are in.   Knowing this will assist you to greatly improve your trade management.

The 3 major market modes are consolidation, trend (up-trend or down-trend), and choppy (a trading range).  Every financial instrument goes through these three market modes on any chart.  The interplay of a multiple time frame price indicator shows at a glance when you are in an up-trend, a down-trend, when you have a MTF consolidation, and/or when you are trading a choppy market.

First, let’s focus on consolidation.  A consolidation can be any of the following types; price, volume, volatility, or oscillating inside a trading range.  Price consolidation across multiple time frames gives the most powerful consolidation breakout trades.  With a MTF consolidation, TradeStation traders can typically get breakouts that will sometimes go on for several days. 
This is a very powerful method of trading.  The MTF Price Action Consolidation trade set-up is present when all the price trend lines are collapsed into a tight range.

The second major market mode is trend.  A MTF up-trend is shown by the expansion of the interaction of the different MTF trend lines.  You’ll see this where the shortest trend line is breaking out to the upside and the MTF lines are fanning out into a ribbon.  But don’t be mistaken; simple moving average ribbons are nothing more than a single time frame indicator using multiple different lagging lines.  Unlike the simple moving average ribbon, a MTF price indicator has nothing to do with lagging lines.  In fact, the MTF trend line lags no more than one and a half bars, and yet it shows a smooth price line.  The interaction between the MTF lines is very useful.

You can also see a MTF trading range.  When you go into a choppy market or a trading range, the interaction of the MTF trend lines will show a trading range inside several higher time frame lines and the shortest line will be oscillating between the longer time lines.

You have a big advantage when you know what market mode you are trading in and know how to appropriately trade that market mode.  With a quick glance at a multiple time frame price action TradeStation indicator, this information will be at your fingertips to advance your trading success.

Market Analysis

Price Action Trading Using The Atlas Line

The answer has been staring you in the face but you’ve been so overwhelmed with the indicators around it that you’ve haven’t taken the effort to understand the heart of the matter. Traders have made their trading strategy so over-complex that they have lost sight of the simple core aspect for trading, that is the market price and its behavior. Price Action trading lies in the simplistic and clear understand of the market analysis.

DayTradeToWin has been a forefront for educating traders, specifically on how to improve your results by using price action trading. Price action trading has been the primary catalyst for successful traders using John Paul’s trading methods. With the popular At the Open course and Price Action Scalping course, it’s no wonder the Atlas Lineâ„¢ indicator has outperformed traditional indicators that simply lag behind.

The Atlas Lineâ„¢ method provides multiple automated signals that serve day traders as a consistent tool for precise market direction. Unlike other price action trading methods, the Atlas Lineâ„¢ was created for institutional traders. A unique and significant quality of the Atlas Lineâ„¢ is that it can be applied to all markets, including: the E-Mini S&P, Euro Currencies, British Pound, Canadian Dollar, Australian Dollar, Dow Jones, Russell, T-Notes, T-Bonds, Forex and much more. This robust filtering method can be used as standalone or used in conjunction with other trading methods for entry confirmation.

Essentially, the Atlas Line plots an angled line across your trading chart, and provides trading consistency in its use. Scalpers especially love this tool. Very few software-based trading methods have stood the test of time with the results to prove it.

The proprietary Atlas Lineâ„¢ method is available for NinjaTrader versions 6.5 and 7, Tradestation and eSignal.

All purchases include an educational private webinar with John Paul for guidance on configuration and implementation of the Atlas Lineâ„¢. This training is a benefit to all purchasers of the Atlas Lineâ„¢ because traders learn, understand, and interact with the software’s creator, John Paul.

Traders get an edge with the Atlas Lineâ„¢ by indicating a market’s trend early in the morning and making profitable trades based on this information.

For more information, contact DayTradeToWin by email atsupport@daytradetowin.com or by phone at 888-607-0008.

Forex Trading Articles

Forex Trading-Indicators Vs. Price Patterns

Newbie Forex traders become addicted to all of the colorful indicators that are available on their charting platforms bouncing from one to the other looking for the holy grail. This period can last anywhere from a few weeks to a few years.

It is very rare that a Forex trader finds that perfect combination of indicators and becomes profitable. One of the reasons is that indicators are lagging the price. Another reason is that the market conditions are constantly changing. The combination of indicators that work great one day may not work at all the next. As traders we are looking for consistency so after a few losses we decide that the settings must be wrong or that the indicators need to be changed. Over and over again, this cycle repeats…

Often after a great deal of trial and error with indicators, traders will start to learn about price patterns such as: double tops/bottoms, head & shoulders, channels, bull/bear flags, trendlines, etc. These can be more reliable but often are not enough on their own to acheive consistent profits.

What’s needed is not a “holy grail technique” but a thorough understanding of market conditions and when to use the techniques. This requires a great deal of screen time to become intimately familiar with the different market conditions. Knowing when to stay out of the market is very important as sometimes it is much better to be on the sidelines. There is a saying that “better to be out wishing you were in, then in wishing you were out”. If you have been trading for a while then this should make a lot of sense to you.

Ultimately your success is going to be based on becoming an expert and this will take time, whichever paths you choose becoming aware of the big picture will serve you greatly.

General Forex

Spot Price of Gold What Factors Are Driving It

Leave a comment

Eldora Resources Tips: The spot price of gold may seem mysterious at first, but this is not the case when you understand what factors drive the market price of gold. At the most basic the answer is supply and demand, but this answer is very simplistic and there are other factors involved as well. In the last few years the cost of gold as investment has increased significantly, and the factors driving the demand also need to be addressed. The recent global economic recession left many investors distrustful of the usual markets, and that caused them to turn to gold bullion and other precious metals instead.Gold bullion coins and bars have historically been a good investment in rough economic times, and still are today.Please be aware that there are scams and fraud at large claiming to offer services and other resources are not owned/endorsed by either e-gold.

Tips and reasons to invest below to avoid scams and other fraudulent transaction on the web.
Because many investors started buying 1 oz gold bullion and other forms of this metal this drove up the demand for it. In addition gold is used in manufacturing and other industries, and this also increases the demand that this precious metal has. As the demand increased the spot price of gold also went up, and other precious metals followed for the same reasons.Technically the spot price of gold is determined by the supply and demand factors, but the underlying reasons for this demand also need to be evaluated so you can make the best possible investment decisions.

Currency devaluation can also cause the spot price of gold to go up. Many investors use the foreign currency exchange to invest, but when currency values fall many Forex investors turn to precious metals, including gold 9999 pure.

This is also true in other sectors, because gold and other metals have always been viewed as safe and reliable regardless of economic or political factors that often affect other investment choices. There are many factors that are used to determine the spot price of gold, and all of them will have an impact on the market and the value of this and other precious metals.

About

GoldBullionPro.com is all about investment in precious metals such as gold, silver, platinum, palladium and rhodium. Our experts will provide you with useful information about gold and other precious metals investment strategy every day.

General Forex

Forex News Announcements – Forex Forecast of Currency Price Determined by the Forex News

Leave a comment

Forex News Announcements

Forex news comes in two categories. One tells you about what is happening with currencies and one actually affects currency prices.

The first group of forex news is historical, actual news. It tells us what has happened and is generally combined with an argument of why a currency price has shifted after the fact. Examples of this are the dollar went up because of home sales, the dollar went down because of the jobs report. Durable goods reporting will also affect currency price.

The second group of forex news is often reactionary. And may be related to the same information as the first group. The difference is in timing, after and before the release of the information. In the second category, the currency price changes because there is going to be an announcement – without even knowing what the announcement will say. An example is that the Federal Reserve is meeting today. Whether the expected news is good or bad, seemingly, the price can go up or down. And when the news is released – same apparent lack of pattern. Forex News Announcements

Traders create forex forecasts about what a meeting may release in their findings. Often just the scheduling of a meeting, press release or announcement will cause a fluctuation in the currency price. Day traders often take advantage of this somewhat reliable response.

Another influencing factor is political unrest, such as protests. Combining protests anywhere in the world, with GDP numbers, durable goods and home sales statistics all affect some currency price. Forex news is used by a group of traders who want more than just technical data to make decisions.

Forex forecasts and profits, especially for day traders, require volatility in the market. And change creates the spread, which they take advantage of. Regularly scheduled forex news, home sale announcements, the jobs report and durable goods reporting are the basis of market flux. And the forex world. Forex News Announcements