( COMPLETE FOREX MARKET
STRUCTURE)
Click on FILES section of the page,download and install set-up {indicator list} to your
MT4 trading platform,80% of the job has been done for YOU,20% is left for you to
demo trade,use the Formula 1&2 below,stay focused,be discipline,follow
instructions, interact with other traders on this community on a daily basis and ask
questions. You sure get to the promised land.
STRATEGY~How to use pivot point:
(Formula 1) Day open above daily pivot = Bullish/buy trend,day open below daily
pivot = bearish/sell trend .
(Formula 2) price bounces from R3 R2 R1 = bearish/sell trend, price bounces from
s1 s2 s3 = Bullish/buy trend.
1. FXR_SR_ZONES_3.XX (NEEDS TO BE UPDATED 1ST DAY OF
NEW MONTH)
CONCEPT: SUPPORT AND RESISTANCE
EXPLANATION: PRICE REACTS TO CERTAIN LEVELS CALLED SUPPORT AND
RESISTANCE AND PRICE WILL EITHER BOUNCE OR BREAK A SUPPORT LEVEL.
- FERRUFX_MULTI_INFO+
CONCEPT: STRENGTH
EXPLANATION: FerruFx_Multi_info+_v1.2 is a mt4 (MetaTrader 4) indicator and
it can be used with any forex trading systems / strategies for additional
confirmation of trading entries or exits.
- FX5_DIVERGENCE_V2_1
CONCEPT: MACD DIVERGENCE
EXPLANATION: Divergence is when the price movement of a currency is in the
opposite direction of the movement of a technical indicator. It is a warning sign that
the current price trend may be weakening, and in some cases may lead to a change
in the direction of the price
Seeing divergence increases profitability by alerting the trader to protect
profits. Technical traders generally use divergence when the price moves in
the opposite direction of a technical indicator
- WAVE ENTRY ALERTS (2)
CONCEPT: WAVE ENTRY ALERT,
EXPLANATION: Wave Entry Alerts is a mt4 (MetaTrader 4) indicator and it can be used
with any forex trading systems / strategies for additional confirmation of trading
entries or exits. IT HELPS WHEN YOU WANT TO CONFIRM A TREND.
- EFE22_D_H_L (1)
CONCEPT: DAILY,WEEKLY -OPEN
- LOWS AND HIGHS
EXPLANATION: The f orex high and low concept is based on the idea that if the price
of a currency pair moves past the previous day's high or l ow, then the market will
continue in that direction of breakout.
In between LAST WEEK HIGH AND LAST WEEKLY LOW, YOU SHOULD USE THE
FORMULAS GIVEN TO YOU. NOTE THAT THE WEEKLY LOW IS YELLOW AND
WEEKLY HIGH IS WHITE.
DAY OPEN-BLUE
- SUPDEM. EX4
CONCEPT: SUPPLY AND DEMAND
EXPLANATION: Supply and demand trading is a trading method where the idea is to
find points in the market where the price has made a strong advance or decline and
mark these areas as supply and demand zones using rectangles. The point in
which the price has made a strong advance is marked by the trader as a demand
zone.
1. Buy when the price bounces upwards from a demand area. ...
2. Sell when the price bounces downwards from a supply area. ...
3. Hold your trade at least until the price action reaches an opposite level
on the chart or use price action rules to manage the trade.
- ___AUTOPIVOT_1. MQ4
CONCEPT: PIVOT POINTS
EXPLANATION:How to use pivot point:
(Formula 1) Day open above daily pivot = Bullish/buy trend,day open below daily pivot
= bearish/sell trend .
(Formula 2) price bounces from R3 R2 R1 = bearish/sell trend, price bounces from s1
s2 s3 = Bullish/buy trend.
- FIBONACCI-RETRACEMENT. MQ4
CONCEPT: FIBONACCI RETR.
EXPLANATION: The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and
78.6%. While not officially a Fibonacci ratio, 50% is also used. The indicator is
useful because it can be drawn between any two significant price points, such as a
high and a low.50% is a concept by W.D.Gann you can read more on that...
- DEMARK TRENDLINE TRADER. MQ4
CONCEPT: TRENDLINES (AUTOMATIC)
EXPLANATION: A Trendline is a line connecting two or more lows or two or more
highs, with the lines projected out into the future. Price will either break or bounce off
a trendline. If it breaks then that means a new trend is forming. If price golds and
bounces back it means the trend is continuing.
NB: This indicator will automatically draw and adjust the trendlines for you.
- BOLLINGER BANDS (add this to conjoin everything)
CONCEPT: BOLLINGER BANDS
EXPLANATION: Bollinger Bands are envelopes plotted at a standard deviation
level above and below a simple moving average of the price. Bollinger bands
help determine whether prices are high or low on a relative basis. They are
used in pairs, both upper and lower bands and in conjunction with a moving
average. Add this to conjoin your chart.
